Delta Reports Financial and Operating Performance for May 2014

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

Consolidated passenger unit revenue (PRASM) for the month of May increased 7.0 percent year over year driven by revenue gains in the transatlantic and domestic entities, with particular strength in Delta's hubs in Atlanta, New York and Seattle.

Delta's solid operating performance continued through May, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 84.4 percent.

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

Preliminary Financial and Operating Results

 

May consolidated PRASM change year over year

7.0%

Projected June quarter fuel price per gallon, adjusted

$2.93 - $2.98

May mainline completion factor

99.9%

May on-time performance (preliminary DOT A14)

84.4%


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 top 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 333 destinations in 64 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 hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City 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 June 3, 2014, and which we have no current intention to update.

 




Monthly Traffic Results (a)



Year to Date Traffic Results (a)





















May 2014


May 2013


Change



May 2014


May 2013


Change


















RPMs (000):
















Domestic

10,494,346


9,824,424


6.8%



47,317,788


45,239,877


4.6%




Delta Mainline

8,595,982


7,901,135


8.8%



38,636,719


36,464,670


6.0%




Regional

1,898,363


1,923,289


(1.3%)



8,681,069


8,775,207


(1.1%)



International

7,238,435


6,943,378


4.2%



31,587,902


30,151,300


4.8%




Latin America

1,442,941


1,172,311


23.1%



7,694,612


6,283,178


22.5%




Delta Mainline

1,408,588


1,151,085


22.4%



7,539,810


6,193,885


21.7%




Regional

34,353


21,226


61.8%



154,802


89,293


73.4%




Atlantic

3,736,507


3,706,712


0.8%



14,041,055


14,037,375


0.0%




Pacific

2,058,987


2,064,355


(0.3%)



9,852,236


9,830,747


0.2%



Total System

17,732,781


16,767,802


5.8%



78,905,690


75,391,177


4.7%


















ASMs (000):
















Domestic

12,043,972


11,625,299


3.6%



55,843,316


54,947,199


1.6%




Delta Mainline

9,736,051


9,198,481


5.8%



44,816,268


43,369,503


3.3%




Regional

2,307,921


2,426,818


(4.9%)



11,027,048


11,577,696


(4.8%)



International

8,448,346


8,156,483


3.6%



38,126,214


36,857,393


3.4%




Latin America

1,763,286


1,409,047


25.1%



9,238,716


7,632,902


21.0%




Delta Mainline

1,716,880


1,381,284


24.3%



9,027,387


7,511,856


20.2%




Regional

46,406


27,763


67.1%



211,329


121,046


74.6%




Atlantic

4,246,224


4,320,765


(1.7%)



17,094,894


17,475,206


(2.2%)




Pacific

2,438,837


2,426,671


0.5%



11,792,604


11,749,285


0.4%



Total System

20,492,318


19,781,782


3.6%



93,969,530


91,804,592


2.4%


















Load Factor:
















Domestic

87.1%


84.5%


2.6

pts


84.7%


82.3%


2.4

pts



Delta Mainline

88.3%


85.9%


2.4

pts


86.2%


84.1%


2.1

pts



Regional

82.3%


79.3%


3.0

pts


78.7%


75.8%


2.9

pts


International

85.7%


85.1%


0.6

pts


82.9%


81.8%


1.1

pts



Latin America

81.8%


83.2%


(1.4)

pts


83.3%


82.3%


1.0

pts



Delta Mainline

82.0%


83.3%


(1.3)

pts


83.5%


82.5%


1.0

pts



Regional

74.0%


76.5%


(2.5)

pts


73.3%


73.8%


(0.5)

pts



Atlantic

88.0%


85.8%


2.2

pts


82.1%


80.3%


1.8

pts



Pacific

84.4%


85.1%


(0.7)

pts


83.5%


83.7%


(0.2)

pts


Total System

86.5%


84.8%


1.7

pts


84.0%


82.1%


1.9

pts

















Mainline Completion Factor

99.9%


99.9%


-

pts
























Passengers Boarded

15,082,419


14,263,991


5.7%



67,662,340


65,035,697


4.0%


















Cargo Ton Miles (000):

199,644


191,669


4.2%



920,275


942,250


(2.3%)


















a Results include flights operated under contract carrier arrangements








 

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SOURCE Delta Air Lines



RELATED LINKS
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