Delta Reports Financial and Operating Performance for August 2014

ATLANTA, Sept. 3, 2014 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for August 2014.

Consolidated passenger unit revenue (PRASM) for the month of August increased 2.0 percent year over year driven by continued strength in domestic markets, which offset an estimated 1 point of negative PRASM pressure from the impact of events in Russia, the Middle East and Africa.

Delta's solid operating performance continued through August, with a monthly completion factor of 99.6 percent and an on-time arrival rate of 84.3 percent.

The company's financial and operating performance is detailed below.    

Preliminary Financial and Operating Results

August consolidated PRASM change year over year

2.0%

Projected September quarter PRASM change year over year

2% – 3%

Projected September quarter fuel price per gallon, adjusted

$2.90 - $2.95

August mainline completion factor

99.6%

August on-time performance (preliminary DOT A14)

84.3%



Note: Fuel price includes taxes, transportation, settled hedges, hedge premiums and refinery impact, but excludes mark to market adjustments on open hedges.

 

Delta Air Lines serves nearly 165 million customers each year. This year, Delta was named the 2014 Airline of the Year by Air Transport World magazine and was named to FORTUNE magazine's 50 Most Admired Companies, in addition to being named the most admired airline for the third time in four years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 323 destinations in 59 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia as well as a newly formed joint venture with Virgin Atlantic. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis-St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products, services and technology to enhance the customer experience in the air and on the ground. Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta, Facebook.com/delta and Delta's blog takingoff.delta.com.

Forward Looking Statements

Statements in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements.  These risks and uncertainties include, but are not limited to, the cost of aircraft fuel; the availability of aircraft fuel; the impact of posting collateral in connection with our fuel hedge contracts; the impact of significant funding obligations with respect to defined benefit pension plans;  the restrictions that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions or disruptions in service at one of our hub airports; our dependence on technology in our operations; disruptions or security breaches of our information technology infrastructure; the ability of our credit card processors to take significant holdbacks in certain circumstances; the possible effects of accidents involving our aircraft; the effects of weather, natural disasters and seasonality on our business; the effects of an extended disruption in services provided by third party regional carriers; failure or inability of insurance to cover a significant liability at the Trainer refinery; the impact of environmental regulation on the Trainer refinery, including costs related to renewable fuel standard regulations; our ability to retain management and key employees; competitive conditions in the airline industry; the effects of extensive government regulation on our business; the effects of terrorist attacks; the effects of the rapid spread of contagious illnesses; and the costs associated with war risk insurance.  

Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2013.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of Sep. 3, 2014, and which we have no current intention to update.




Monthly Traffic Results (a)


Year to Date Traffic Results (a)




































Aug 2014


Aug 2013


Change



Aug 2014


Aug 2013


Change


















RPMs (000):
















Domestic

11,430,396


11,007,019


3.8%



81,271,683


77,839,334


4.4%




Delta Mainline

9,502,651


8,957,877


6.1%



66,814,234


63,037,203


6.0%




Regional

1,927,745


2,049,142


(5.9%)



14,457,449


14,802,131


(2.3%)



International

8,604,080


8,430,946


2.1%



56,667,115


54,882,114


3.3%




Latin America

1,640,124


1,410,147


16.3%



12,597,620


10,476,847


20.2%




Delta Mainline

1,612,799


1,396,239


15.5%



12,347,640


10,337,205


19.4%




       Regional

27,325


13,908


96.5%



249,980


139,642


79.0%




Atlantic

4,556,781


4,553,909


0.1%



27,397,122


27,620,247


(0.8%)




Pacific

2,407,175


2,466,890


(2.4%)



16,672,373


16,785,020


(0.7%)



Total System

20,034,476


19,437,965


3.1%



137,938,799


132,721,448


3.9%


































ASMs (000):
















Domestic

13,109,690


12,899,621


1.6%



94,478,093


92,899,421


1.7%




Delta Mainline

10,739,107


10,313,198


4.1%



76,427,261


73,806,896


3.6%




Regional

2,370,584


2,586,423


(8.3%)



18,050,832


19,092,525


(5.5%)



International

9,756,925


9,367,058


4.2%



66,928,671


64,597,228


3.6%




Latin America

1,909,225


1,602,845


19.1%



14,984,554


12,425,855


20.6%




Delta Mainline

1,874,524


1,586,070


18.2%



14,656,258


12,245,033


19.7%




       Regional

34,701


16,775


106.9%



328,296


180,822


81.6%




Atlantic

5,136,100


4,974,839


3.2%



32,275,541


32,422,265


(0.5%)




Pacific

2,711,600


2,789,374


(2.8%)



19,668,575


19,749,108


(0.4%)



Total System

22,866,615


22,266,679


2.7%



161,406,764


157,496,649


2.5%


































Load Factor:
















Domestic

87.2%


85.3%


1.9

pts


86.0%


83.8%


2.2

pts



Delta Mainline

88.5%


86.9%


1.6

pts


87.4%


85.4%


2.0

pts



Regional

81.3%


79.2%


2.1

pts


80.1%


77.5%


2.6

pts


International

88.2%


90.0%


(1.8)

pts


84.7%


85.0%


(0.3)

pts



Latin America

85.9%


88.0%


(2.1)

pts


84.1%


84.3%


(0.2)

pts



Delta Mainline

86.0%


88.0%


(2.0)

pts


84.2%


84.4%


(0.2)

pts



       Regional

78.7%


82.9%


(4.2)

pts


76.1%


77.2%


(1.1)

pts



Atlantic

88.7%


91.5%


(2.8)

pts


84.9%


85.2%


(0.3)

pts



Pacific

88.8%


88.4%


0.4

pts


84.8%


85.0%


(0.2)

pts


Total System

87.6%


87.3%


0.3

pts


85.5%


84.3%


1.2

pts

















Mainline Completion Factor

99.6%


99.9%


(0.3)

pts
























Passengers Boarded

16,117,881


15,664,509


2.9%



115,618,836


111,449,948


3.7%


















Cargo Ton Miles (000):

213,647


202,739


5.4%



1,559,806


1,542,332


1.1%


















Results include flights operated under contract carrier arrangements









































 

CONTACT:          

Corporate Communications


404-715-2554


news archive at news.delta.com




Investor Relations


404-715-2170

Logo - http://photos.prnewswire.com/prnh/20090202/DELTALOGO

SOURCE Delta Air Lines



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