Delta Reports Financial and Operating Performance for June 2014

By PR Newswire,  July 02, 2014, 09:00:00 AM EDT


ATLANTA, July 2, 2014 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) today reported financial and operating performance for June 2014.

Consolidated passenger unit revenue (PRASM) for the month of June increased 4.5 percent year over year as continued corporate and domestic strength offset lower than expected international yields driven by industry-wide capacity increases and lower business demand to Latin America due to the World Cup. For the June quarter, unit revenues increased 6 percent, in line with initial guidance given in late April.

Delta's solid operating performance continued through June, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 80.8 percent.

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

Preliminary Financial and Operating Results

June consolidated PRASM change year over year

4.5%

Projected June quarter fuel price per gallon, adjusted

$2.93 - $2.98

June mainline completion factor

99.9%

June on-time performance (preliminary DOT A14)

80.8%

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 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 key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis-St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle 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 July 2, 2014, and which we have no current intention to update.

 







Monthly Traffic Results (a)





Year to Date Traffic Results (a)









































Jun 2014



Jun 2013



Change





Jun 2014



Jun 2013



Change



































RPMs (000):































Domestic

10,939,979



10,526,035



3.9%





58,257,767



55,765,912



4.5%







Delta Mainline

9,033,537



8,546,649



5.7%





47,670,256



45,011,319



5.9%







Regional

1,906,442



1,979,386



(3.7%)





10,587,511



10,754,593



(1.6%)





International

8,089,102



7,941,956



1.9%





39,677,005



38,093,256



4.2%







Latin America

1,539,638



1,278,412



20.4%





9,234,251



7,561,590



22.1%







Delta Mainline

1,504,803



1,257,353



19.7%





9,044,613



7,451,238



21.4%







       Regional

34,835



21,059



65.4%





189,637



110,352



71.8%







Atlantic

4,380,459



4,437,900



(1.3%)





18,421,514



18,475,275



(0.3%)







Pacific

2,169,005



2,225,644



(2.5%)





12,021,240



12,056,391



(0.3%)





Total System

19,029,082



18,467,991



3.0%





97,934,772



93,859,168



4.3%



































ASMs (000):































Domestic

12,451,593



12,188,850



2.2%





68,294,909



67,136,049



1.7%







Delta Mainline

10,148,326



9,752,353



4.1%





54,964,594



53,121,856



3.5%







Regional

2,303,267



2,436,497



(5.5%)





13,330,315



14,014,193



(4.9%)





International

9,295,364



8,908,600



4.3%





47,421,578



45,765,993



3.6%







Latin America

1,855,341



1,502,693



23.5%





11,094,057



9,135,595



21.4%







Delta Mainline

1,811,883



1,477,858



22.6%





10,839,269



8,989,714



20.6%







       Regional

43,458



24,835



75.0%





254,788



145,881



74.7%







Atlantic

4,926,892



4,877,253



1.0%





22,021,786



22,352,459



(1.5%)







Pacific

2,513,131



2,528,654



(0.6%)





14,305,735



14,277,939



0.2%





Total System

21,746,957



21,097,450



3.1%





115,716,487



112,902,042



2.5%



































Load Factor:































Domestic

87.9%



86.4%



1.5

pts



85.3%



83.1%



2.2

pts





Delta Mainline

89.0%



87.6%



1.4

pts



86.7%



84.7%



2.0

pts





Regional

82.8%



81.2%



1.6

pts



79.4%



76.7%



2.7

pts



International

87.0%



89.1%



(2.1)

pts



83.7%



83.2%



0.5

pts





Latin America

83.0%



85.1%



(2.1)

pts



83.2%



82.8%



0.4

pts





Delta Mainline

83.1%



85.1%



(2.0)

pts



83.4%



82.9%



0.5

pts





       Regional

80.2%



84.8%



(4.6)

pts



74.4%



75.6%



(1.2)

pts





Atlantic

88.9%



91.0%



(2.1)

pts



83.7%



82.7%



1.0

pts





Pacific

86.3%



88.0%



(1.7)

pts



84.0%



84.4%



(0.4)

pts



Total System

87.5%



87.5%



0.0

pts



84.6%



83.1%



1.5

pts

































Mainline Completion Factor

99.9%



99.6%



0.3

pts















































Passengers Boarded

15,592,676



15,101,576



3.3%





83,255,016



80,137,273



3.9%



































Cargo Ton Miles (000):

207,637



196,093



5.9%





1,127,912



1,138,344



(0.9%)



































a  Results include flights operated under contract carrier arrangements

















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

SOURCE Delta Air Lines



This article appears in: News Headlines

Referenced Stocks: DAL


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