Delta Reports Solid Revenue and Operating Performance for June

ATLANTA, July 3, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported solid revenue and operating performance for June 2012.

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

Delta's consolidated passenger unit revenue (PRASM) increased 8 percent year over year for the month of June. The company saw continued strength from corporate revenue, investments in products and services, capacity discipline and strong performance at LaGuardia Airport.

System load factor was 88.1 percent, up 1.8 points year over year on a 1.7 percent decrease in capacity. The company's economic fuel price per gallon was $3.29 for the month. 

Delta had another month of excellent operational performance.  Delta's completion factor was 99.6 percent, 0.6 points higher than prior year, and its on-time performance improved 7.0 points to 85.5 percent.

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

Preliminary Financial and Operational Results – June 2012

 

Consolidated PRASM change year over year

8%

Consolidated average fuel price

$3.29

On-time performance (preliminary DOT A14)

85.5%

Mainline completion factor

99.6%

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

Delta Air Lines serves more than 160 million customers each year. During the past year, Delta was named domestic "Airline of the Year" by the readers of Travel Weekly magazine, was named the "Top Tech-Friendly U.S. Airline" by PCWorld magazine for its innovation in technology and won the Business Travel News Annual Airline Survey. With an industry-leading global network, Delta and the Delta Connection carriers offer service to nearly 350 destinations in 65 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. A founding member of the SkyTeam global alliance, Delta 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 13,000 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. The airline's service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Delta is investing more than $3 billion through 2013 in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Customers can check in for flights, print boarding passes, check bags and review flight status at 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 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 increasing dependence on technology in our operations; 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; our ability to retain management and key employees; competitive conditions in the airline industry; the effects of the rapid spread of contagious illnesses; and the effects of terrorist attacks.  

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, 2011.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of July 3, 2012, and which we have no current intention to update.


























Monthly Traffic Results (a)


Year to Date Traffic Results (a)


































June 2012


June 2011


Change


June 2012


June 2011


Change































RPMs (000):





















Domestic

10,607,581


10,513,428


0.9%


56,175,231


55,920,665


0.5%











Delta Mainline

8,471,320


8,303,892


2.0%


44,392,285


44,092,674


0.7%











Regional

2,136,262


2,209,536


(3.3%)


11,782,945


11,827,991


(0.4%)










International

7,724,104


7,745,502


(0.3%)


37,693,093


37,374,573


0.9%











Latin America

1,204,660


1,133,832


6.2%


7,035,748


6,864,047


2.5%











    Delta Mainline

1,186,186


1,112,982


6.6%


6,950,732


6,762,828


2.8%











    Regional

18,474


20,850


(11.4%)


85,015


101,219


(16.0%)











Atlantic

4,232,923


4,480,636


(5.5%)


18,840,293


19,527,111


(3.5%)











Pacific

2,286,521


2,131,034


7.3%


11,817,053


10,983,415


7.6%










Total System

18,331,685


18,258,930


0.4%


93,868,323


93,295,238


0.6%



























ASMs (000):





















Domestic

12,101,418


12,156,974


(0.5%)


67,031,190


68,296,785


(1.9%)











Delta Mainline

9,537,971


9,484,783


0.6%


52,056,896


52,947,770


(1.7%)











Regional

2,563,448


2,672,191


(4.1%)


14,974,294


15,349,015


(2.4%)










International

8,714,924


9,011,394


(3.3%)


46,753,730


48,062,761


(2.7%)











Latin America

1,455,442


1,396,740


4.2%


8,920,417


8,953,551


(0.4%)











    Delta Mainline

1,429,916


1,368,523


4.5%


8,789,744


8,803,389


(0.2%)











    Regional

25,526


28,217


(9.5%)


130,673


150,162


(13.0%)











Atlantic

4,684,475


5,130,008


(8.7%)


23,325,959


25,308,999


(7.8%)











Pacific

2,575,007


2,484,646


3.6%


14,507,353


13,800,211


5.1%










Total System

20,816,342


21,168,368


(1.7%)


113,784,919


116,359,546


(2.2%)































Load Factor:





















Domestic

87.7%


86.5%


1.2

pts

83.8%


81.9%


1.9

pts










Delta Mainline

88.8%


87.5%


1.3

pts

85.3%


83.3%


2.0

pts










Regional

83.3%


82.7%


0.6

pts

78.7%


77.1%


1.6

pts









International

88.6%


86.0%


2.6

pts

80.6%


77.8%


2.8

pts










Latin America

82.8%


81.2%


1.6

pts

78.9%


76.7%


2.2

pts










    Delta Mainline

83.0%


81.3%


1.7

pts

79.1%


76.8%


2.3

pts










    Regional

72.4%


73.9%


(1.5)

pts

65.1%


67.4%


(2.3)

pts










Atlantic

90.4%


87.3%


3.1

pts

80.8%


77.2%


3.6

pts










Pacific

88.8%


85.8%


3.0

pts

81.5%


79.6%


1.9

pts









Total System

88.1%


86.3%


1.8

pts

82.5%


80.2%


2.3

pts






























Mainline Completion

99.6%


99.0%


0.6

pts














Factor










































Passengers Boarded

15,204,443


15,087,941


0.8%


80,680,970


79,684,065


1.3%































Cargo Ton Miles (000):

205,619


196,256


4.8%


1,173,461


1,179,470


(0.5%)































Endnote:




















(a) Results include flights operated under contract carrier arrangements.















Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

June 2012

Delta sometimes uses information that is derived from its Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Certain of this information are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. The non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.

  • Delta adjusts for mark to market ("MTM") adjustments for fuel hedges recorded in periods other than the settlement period in order to evaluate the company's financial results in the period shown.

June 2012

(preliminary)




Average price per fuel gallon including fuel expense incurred under
contract carrier arrangements

$3.11




MTM adjustments for fuel hedges recorded in periods other than the
settlement period

(0.18)




Average price per fuel gallon, adjusted

$3.29









SOURCE Delta Air Lines



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