Delta Reports Financial and Operating Performance for July 2013

ATLANTA, Aug. 2, 2013 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for July 2013.

(Logo:  http://photos.prnewswire.com/prnh/20090202/DELTALOGO )

Consolidated passenger unit revenue (PRASM) for the month of July increased 3.0 percent year over year, led by improvement in Delta's hubs in Atlanta and New York and solid performance in trans-Atlantic markets.  System PRASM pressure from yen devaluation continues and drove 1 point of negative impact for the month.    

Delta completed 99.5 percent of its flights in July and ran an on-time arrival rate of 74.5 percent.

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

Preliminary Financial and Operating Results

 

July consolidated PRASM change year over year

3.0%

Projected September quarter fuel price per gallon, adjusted

$3.05 - $3.10

July mainline completion factor

99.5%

July on-time performance (preliminary DOT A14)

74.5%

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 more than 160 million customers each year. Delta was named by Fortune magazine as the most admired airline worldwide in its 2013 World's Most Admired Companies airline industry list, topping the list for the second time in three years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 327 destinations in 63 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. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Delta is investing more than $3 billion in airport facilities and 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 and Facebook.com/delta

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 impact that our indebtedness may have on our financial and operating activities and our ability to incur additional debt; 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; our ability to use net operating losses to offset future taxable income; 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 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, 2012 and our quarterly report on Form 10-Q for the quarterly period ended June 30, 2013.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of August 2, 2013, and which we have no current intention to update.




Monthly Traffic Results (a)


Year to Date Traffic Results (a)




































July 2013


July 2012


Change



July 2013


July 2012


Change


















RPMs (000):















Domestic

11,062,888


11,076,380


(0.1%)



66,826,976


67,255,753


(0.6%)




Delta Mainline

9,065,055


8,931,773


1.5%



54,075,533


53,328,713


1.4%




Regional

1,997,833


2,144,607


(6.8%)



12,751,443


13,927,040


(8.4%)



International

8,354,897


8,021,972


4.2%



46,446,842


45,713,945


1.6%




Latin America

1,504,721


1,364,616


10.3%



9,057,754


8,400,227


7.8%




Delta Mainline

1,489,338


1,349,361


10.4%



8,932,136


8,299,949


7.6%




       Regional

15,382


15,255


0.8%



125,618


100,278


25.3%




Atlantic

4,588,508


4,362,826


5.2%



23,072,500


23,200,398


(0.6%)




Pacific

2,261,668


2,294,530


(1.4%)



14,316,588


14,113,320


1.4%



Total System

19,417,785


19,098,352


1.7%



113,273,819


112,969,698


0.3%


































ASMs (000):















Domestic

12,861,310


12,615,920


1.9%



79,996,662


79,652,736


0.4%




Delta Mainline

10,370,044


10,018,777


3.5%



63,493,616


62,083,425


2.3%




Regional

2,491,266


2,597,143


(4.1%)



16,503,047


17,569,311


(6.1%)



International

9,465,622


9,126,712


3.7%



55,231,641


55,880,123


(1.2%)




Latin America

1,687,384


1,517,741


11.2%



10,813,143


10,438,945


3.6%




Delta Mainline

1,669,218


1,498,350


11.4%



10,649,261


10,288,881


3.5%




       Regional

18,166


19,391


(6.3%)



163,882


150,064


9.2%




Atlantic

5,096,435


4,878,565


4.5%



27,459,804


28,200,318


(2.6%)




Pacific

2,681,803


2,730,406


(1.8%)



16,958,693


17,240,860


(1.6%)



Total System

22,326,932


21,742,632


2.7%



135,228,303


135,532,859


(0.2%)


































Load Factor:















Domestic

86.0%


87.8%


(1.8)

pts


83.5%


84.4%


(0.9)

pts



Delta Mainline

87.4%


89.2%


(1.8)

pts


85.2%


85.9%


(0.7)

pts



Regional

80.2%


82.6%


(2.4)

pts


77.3%


79.3%


(2.0)

pts


International

88.3%


87.9%


0.4

pts


84.1%


81.8%


2.3

pts



Latin America

89.2%


89.9%


(0.7)

pts


83.8%


80.5%


3.3

pts



Delta Mainline

89.2%


90.1%


(0.9)

pts


83.9%


80.7%


3.2

pts



       Regional

84.7%


78.7%


6.0

pts


76.7%


66.8%


9.9

pts



Atlantic

90.0%


89.4%


0.6

pts


84.0%


82.3%


1.7

pts



Pacific

84.3%


84.0%


0.3

pts


84.4%


81.9%


2.5

pts


Total System

87.0%


87.8%


(0.8)

pts


83.8%


83.4%


0.4

pts

















Mainline Completion Factor

99.5%


99.5%


0.0

pts
























Passengers Boarded

15,643,927


15,681,630


(0.2%)



95,781,340


96,381,873


(0.6%)


















Cargo Ton Miles (000):

200,996


211,251


(4.9%)



1,340,324


1,386,928


(3.4%)


















Endnote:














a  Results include flights operated under contract carrier arrangements.







 

SOURCE Delta Air Lines



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