news-and-events

Delta Reports Financial and Operating Performance for February 2014

Mar 04, 2014

ATLANTA, March 4, 2014 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for February 2014.

Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com.

Consolidated passenger unit revenue (PRASM) for the month of February increased 4.0% year over year driven by continuing strong domestic demand and gains in the trans-Atlantic entity. As a result of winter storms, Delta cancelled nearly 8,000 flights during the month. February's PRASM includes 0.5 points of benefit from these weather-related cancellations.

Delta completed 95.5 percent of its flights in February and ran an on-time arrival rate of 77.5 percent.

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

Preliminary Financial and Operating Results

 

February consolidated PRASM change year over year

4.0%

Projected March quarter fuel price per gallon, adjusted

$2.99 - $3.04

February mainline completion factor

95.5%

February on-time performance (preliminary DOT A14)

77.5%

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 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 324 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 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 March 4, 2014, and which we have no current intention to update.




Monthly Traffic results (a)



Year to Date Traffic Results (a)




Feb 2014

Feb 2013

Change


Feb 2014

Feb 2013

Change


RPMs (000):











Domestic

7,836,525

7,685,399

2.0%


16,193,447

15,868,443

2.0%



Delta Mainline

6,379,695

6,205,032

2.8%


13,177,122

12,803,383

2.9%



Regional

1,456,830

1,480,367

(1.6%)


3,016,324

3,065,060

(1.6%)



International

5,160,223

5,008,932

3.0%


11,290,916

10,733,164

5.2%



Latin America

1,421,242

1,178,077

20.6%


3,000,083

2,460,941

21.9%



Delta Mainline

1,394,222

1,163,278

19.9%


2,941,478

2,426,242

21.2%



Regional

27,019

14,799

82.6%


58,605

34,699

68.9%



Atlantic

1,980,969

1,984,229

(0.2%)


4,467,172

4,429,099

0.9%



Pacific

1,758,012

1,846,626

(4.8%)


3,823,661

3,843,124

(0.5%)



Total System

12,996,748

12,694,331

2.4%


27,484,363

26,601,607

3.3%


ASMs (000):











Domestic

9,445,480

9,551,461

(1.1%)


19,865,652

20,013,483

(0.7%)



Delta Mainline

7,538,950

7,543,015

(0.1%)


15,838,821

15,758,152

0.5%



Regional

1,906,530

2,008,446

(5.1%)


4,026,831

4,255,331

(5.4%)



International

6,560,229

6,500,525

0.9%


13,981,491

13,563,711

3.1%



Latin America

1,724,187

1,469,788

17.3%


3,575,203

3,003,391

19.0%



Delta Mainline

1,685,062

1,447,963

16.4%


3,493,774

2,954,516

18.3%



Regional

39,125

21,825

79.3%


81,429

48,875

66.6%



Atlantic

2,731,144

2,839,192

(3.8%)


5,879,338

5,994,948

(1.9%)



Pacific

2,104,898

2,191,545

(4.0%)


4,526,949

4,565,372

(0.8%)



Total System

16,005,710

16,051,986

(0.3%)


33,847,142

33,577,194

0.8%


Load Factor:











Domestic

83.0%

80.5%

2.5

pts

81.5%

79.3%

2.2

pts


Delta Mainline

84.6%

82.3%

2.3

pts

83.2%

81.2%

2.0

pts


Regional

76.4%

73.7%

2.7

pts

74.9%

72.0%

2.9

pts


International

78.7%

77.1%

1.6

pts

80.8%

79.1%

1.7

pts


Latin America

82.4%

80.2%

2.2

pts

83.9%

81.9%

2.0

pts


Delta Mainline

82.7%

80.3%

2.4

pts

84.2%

82.1%

2.1

pts


Regional

69.1%

67.8%

1.3

pts

72.0%

71.0%

1.0

pts


Atlantic

72.5%

69.9%

2.6

pts

76.0%

73.9%

2.1

pts


Pacific

83.5%

84.3%

(0.8)

pts

84.5%

84.2%

0.3

pts


Total System

81.2%

79.1%

2.1

pts

81.2%

79.2%

2.0

pts

Passengers Boarded


11,241,729

11,105,107

1.2%


23,180,290

22,845,911

1.5%


Mainline Completion Factor


95.5%

99.0%

(3.5)

pts





Cargo Ton Miles (000):


162,612

179,322

(9.3%)


331,445

354,694

(6.6%)












a Results include flights operated under contract carrier arrangements

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

SOURCE Delta Air Lines

Corporate Communications, 404-715-2554, news archive at news.delta.com, or Investor Relations, 404-715-2170

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