Delta Reports Financial and Operating Performance for October 2013

ATLANTA, Nov. 4, 2013 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for October 2013.

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

Consolidated passenger unit revenue (PRASM) for the month of October increased 2.0% year over year, driven by strong trans-Atlantic performance and business demand in Delta's Atlanta and New York hubs. The year over year change in unit revenues was affected by $25 million of revenue loss from the government shutdown, Superstorm Sandy's impact in the prior year, and yen devaluation. Each of these factors pressured unit revenue by approximately one percentage point apiece.

Delta completed 99.9 percent of its flights in October and ran an on-time arrival rate of 91.4 percent.

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

 

Preliminary Financial and Operating Results

 

October consolidated PRASM change year over year

2.0%

Projected December quarter fuel price per gallon, adjusted

$3.03 - $3.08

October mainline completion factor

99.9%

October on-time performance (preliminary DOT A14)

91.4%



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 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 314 destinations in 58 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, 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

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 September 30, 2013.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of November 4, 2013, and which we have no current intention to update.

 




Monthly Traffic Results (a)


Year to Date Traffic Results (a)




































Oct 2013


Oct 2012


Change



Oct 2013


Oct 2012


Change


















RPMs (000):
















Domestic

9,670,334


9,692,506


(0.2%)



96,589,954


96,880,845


(0.3%)




Delta Mainline

7,755,832


7,747,861


0.1%



78,144,675


77,122,629


1.3%




Regional

1,914,502


1,944,645


(1.6%)



18,445,279


19,758,216


(6.6%)



International

6,588,484


6,338,344


3.9%



68,455,010


66,849,046


2.4%




Latin America

1,123,734


949,601


18.3%



12,664,541


11,500,287


10.1%




Delta Mainline

1,111,230


937,030


18.6%



12,500,164


11,362,574


10.0%




       Regional

12,504


12,571


(0.5%)



164,378


137,713


19.4%




Atlantic

3,464,155


3,385,503


2.3%



34,895,213


34,606,859


0.8%




Pacific

2,000,594


2,003,240


(0.1%)



20,895,255


20,741,900


0.7%



Total System

16,258,817


16,030,850


1.4%



165,044,964


163,729,891


0.8%


















ASMs (000):
















Domestic

11,772,469


11,443,382


2.9%



115,910,340


114,816,347


1.0%




Delta Mainline

9,302,742


9,029,498


3.0%



92,069,534


89,956,373


2.3%




Regional

2,469,727


2,413,884


2.3%



23,840,807


24,859,974


(4.1%)



International

7,847,088


7,502,539


4.6%



80,501,617


80,202,927


0.4%




Latin America

1,369,880


1,158,051


18.3%



15,103,829


14,128,390


6.9%




Delta Mainline

1,353,636


1,139,875


18.8%



14,891,134


13,923,970


6.9%




       Regional

16,244


18,176


(10.6%)



212,695


204,420


4.0%




Atlantic

4,035,231


3,936,109


2.5%



40,670,744


41,081,281


(1.0%)




Pacific

2,441,977


2,408,379


1.4%



24,727,043


24,993,256


(1.1%)



Total System

19,619,557


18,945,921


3.6%



196,411,957


195,019,274


0.7%


















Load Factor:
















Domestic

82.1%


84.7%


(2.6)

pts


83.3%


84.4%


(1.1)

pts



Delta Mainline

83.4%


85.8%


(2.4)

pts


84.9%


85.7%


(0.8)

pts



Regional

77.5%


80.6%


(3.1)

pts


77.4%


79.5%


(2.1)

pts


International

84.0%


84.5%


(0.5)

pts


85.0%


83.3%


1.7

pts



Latin America

82.0%


82.0%


0.0

pts


83.8%


81.4%


2.4

pts



Delta Mainline

82.1%


82.2%


(0.1)

pts


83.9%


81.6%


2.3

pts



       Regional

77.0%


69.2%


7.8

pts


77.3%


67.4%


9.9

pts



Atlantic

85.8%


86.0%


(0.2)

pts


85.8%


84.2%


1.6

pts



Pacific

81.9%


83.2%


(1.3)

pts


84.5%


83.0%


1.5

pts


Total System

82.9%


84.6%


(1.7)

pts


84.0%


84.0%


0.0

pts

















Mainline Completion Factor

99.9%


98.0%


1.9

pts
























Passengers Boarded

14,076,001


14,055,335


0.1%



138,768,505


139,122,511


(0.3%)


















Cargo Ton Miles (000):

216,692


202,652


6.9%



1,960,396


1,998,084


(1.9%)


















Results include flights operated under contract carrier arrangements

















 

SOURCE Delta Air Lines



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