LINEAS AEREAS | 04/06/2013

Delta reports financial and operating performance for May 2013

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Consolidated passenger unit revenue (PRASM) for the month of May increased 0.5% year over year driven by unit revenue gains in Delta's New York hubs and the international entities, which offset 1 point of negative impact to system PRASM from the yen devaluation.



Delta completed 99.9 percent of its flights in May and ran an on-time arrival rate of 86.2 percent.  Over the Memorial Day travel weekend, Delta carried more than 1.3 million passengers, with a 99.98 percent completion factor and a 91 percent on-time arrival rate.

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

 

Preliminary Financial and Operating Results

 

May Consolidated PRASM change year over year

0.5%

Projected June quarter fuel price per gallon, adjusted

$3.00-$3.05

May On-time performance (preliminary DOT A14)

86.2%

May Mainline completion factor

99.9%

 

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 328 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. Including its worldwide alliance partners, Delta offers customers more than 15,000 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. 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.

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

 

     

Monthly Traffic Results (a)

   

Year to Date Traffic Results (a)

 
                               
                               
     

May 2013

 

May 2012

 

Change

   

May 2013

 

May 2012

 

Change

 
                               

RPMs (000):

                         
 

Domestic

9,824,453

 

9,784,252

 

0.4%

   

45,238,910

 

45,571,397

 

(0.7%)

 
   

Delta Mainline

7,901,135

 

7,739,685

 

2.1%

   

36,464,925

 

35,925,553

 

1.5%

 
   

Regional

1,923,317

 

2,044,567

 

(5.9%)

   

8,773,986

 

9,645,844

 

(9.0%)

 
 

International

6,943,378

 

6,748,201

 

2.9%

   

30,150,891

 

29,967,866

 

0.6%

 
   

Latin America

1,172,311

 

1,060,844

 

10.5%

   

6,274,846

 

5,830,949

 

7.6%

 
   

             Delta Mainline

1,151,086

 

1,043,853

 

10.3%

   

6,185,592

 

5,764,401

 

7.3%

 
   

       Regional

21,225

 

16,991

 

24.9%

   

89,254

 

66,548

 

34.1%

 
   

Atlantic

3,706,712

 

3,632,725

 

2.0%

   

14,046,721

 

14,604,649

 

(3.8%)

 
   

Pacific

2,064,355

 

2,054,632

 

0.5%

   

9,829,324

 

9,532,268

 

3.1%

 
 

Total System

16,767,831

 

16,532,453

 

1.4%

   

75,389,801

 

75,539,263

 

(0.2%)

 
                               

ASMs (000):

                         
 

Domestic

11,625,466

 

11,460,544

 

1.4%

   

54,947,187

 

54,935,127

 

0.0%

 
   

Delta Mainline

9,198,540

 

8,954,463

 

2.7%

   

43,372,548

 

42,526,699

 

2.0%

 
   

Regional

2,426,927

 

2,506,081

 

(3.2%)

   

11,574,639

 

12,408,428

 

(6.7%)

 
 

International

8,156,483

 

8,189,360

 

(0.4%)

   

36,856,187

 

38,038,484

 

(3.1%)

 
   

Latin America

1,409,048

 

1,351,835

 

4.2%

   

7,623,143

 

7,465,760

 

2.1%

 
   

Delta Mainline

1,381,285

 

1,326,368

 

4.1%

   

7,502,180

 

7,360,614

 

1.9%

 
   

       Regional

27,763

 

25,467

 

9.0%

   

120,963

 

105,146

 

15.0%

 
   

Atlantic

4,320,765

 

4,295,248

 

0.6%

   

17,484,821

 

18,637,278

 

(6.2%)

 
   

Pacific

2,426,671

 

2,542,277

 

(4.5%)

   

11,748,223

 

11,935,446

 

(1.6%)

 
 

Total System

19,781,950

 

19,649,904

 

0.7%

   

91,803,374

 

92,973,611

 

(1.3%)

 
                               

Load Factor:

                         
 

Domestic

84.5%

 

85.4%

 

(0.9)

pts

 

82.3%

 

83.0%

 

(0.7)

pts

   

Delta Mainline

85.9%

 

86.4%

 

(0.5)

pts

 

84.1%

 

84.5%

 

(0.4)

pts

   

Regional

79.2%

 

81.6%

 

(2.4)

pts

 

75.8%

 

77.7%

 

(1.9)

pts

 

International

85.1%

 

82.4%

 

2.7

pts

 

81.8%

 

78.8%

 

3.0

pts

   

Latin America

83.2%

 

78.5%

 

4.7

pts

 

82.3%

 

78.1%

 

4.2

pts

   

Delta Mainline

83.3%

 

78.7%

 

4.6

pts

 

82.5%

 

78.3%

 

4.2

pts

   

       Regional

76.5%

 

66.7%

 

9.8

pts

 

73.8%

 

63.3%

 

10.5

pts

   

Atlantic

85.8%

 

84.6%

 

1.2

pts

 

80.3%

 

78.4%

 

1.9

pts

   

Pacific

85.1%

 

80.8%

 

4.3

pts

 

83.7%

 

79.9%

 

3.8

pts

 

Total System

84.8%

 

84.1%

 

0.7

pts

 

82.1%

 

81.2%

 

0.9

pts

                               

Mainline Completion Factor

99.9%

 

99.7%

 

0.2

pts

             
                               

Passengers Boarded

14,263,991

 

14,184,606

 

0.6%

   

65,034,919

 

65,495,336

 

(0.7%)

 
                               

Cargo Ton Miles (000):

194,134

 

206,237

 

(5.9%)

   

943,762

 

969,091

 

(2.6%)

 
                               

Endnote:

                         

a  Results include flights operated under contract carrier arrangements.