EX-99.1 2 delta_8k-ex9901.htm PRESS RELEASE

Exhibit 99.1

 

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CONTACT:Corporate Communications

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Investor Relations

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Delta Reports Financial and Operating Performance for April 2013

 

ATLANTA, May 2, 2013 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for April 2013.

 

Consolidated passenger unit revenue (PRASM) for the month of April decreased 2% year over year due to demand softness in the domestic entity and

the 1-2 point negative impact in the Pacific from the yen devaluation.  This result is in line with previous guidance; Delta still expects a modest year over year improvement in May and June unit revenues. 

 

Delta completed 99.9 percent of its flights in April and ran an on-time arrival rate of 85.6 percent.

 

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

 

Preliminary Financial and Operating Results

 

April Consolidated PRASM change year over year (2.0%)
Projected June quarter fuel price per gallon, adjusted $2.95-$3.00
April On-time performance (preliminary DOT A14) 85.6%
April 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 317 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, 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 May 2, 2013, and which we have no current intention to update.

  

 
 

 

 

   Monthly Traffic Results (a)     Year to Date Traffic Results (a)   
   Apr 2013   Apr 2012   Change     Apr 2013   Apr 2012   Change   
                             
RPMs (000):                                   
Domestic   9,438,627    9,561,369    (1.3%)     35,414,457    35,787,145    (1.0%)   
Delta Mainline   7,596,941    7,544,494    0.7%      28,563,789    28,185,868    1.3%    
Regional   1,841,686    2,016,875    (8.7%)     6,850,668    7,601,277    (9.9%)   
International   6,107,783    6,094,266    0.2%      23,207,513    23,219,665    (0.1%)   
Latin America   1,132,419    1,101,801    2.8%      5,102,535    4,770,105    7.0%    
Delta Mainline   1,113,643    1,089,316    2.2%      5,034,506    4,720,548    6.7%    
Regional   18,776    12,485    50.4%      68,029    49,557    37.3%    
Atlantic   3,152,426    3,257,735    (3.2%)     10,340,009    10,971,924    (5.8%)   
Pacific   1,822,939    1,734,730    5.1%      7,764,969    7,477,636    3.8%    
Total System   15,546,410    15,655,635    (0.7%)     58,621,970    59,006,810    (0.7%)   
                                    
ASMs (000):                                   
Domestic   11,405,083    11,200,245    1.8%      43,321,721    43,474,583    (0.4%)   
Delta Mainline   9,005,177    8,691,235    3.6%      34,174,009    33,572,236    1.8%    
Regional   2,399,906    2,509,010    (4.3%)     9,147,712    9,902,347    (7.6%)   
International   7,597,734    7,715,233    (1.5%)     28,699,704    29,849,124    (3.9%)   
Latin America   1,407,451    1,405,142    0.2%      6,214,095    6,113,925    1.6%    
Delta Mainline   1,383,326    1,386,248    (0.2%)     6,120,895    6,034,246    1.4%    
Regional   24,125    18,894    27.7%      93,200    79,679    17.0%    
Atlantic   3,907,079    3,995,906    (2.2%)     13,164,057    14,342,030    (8.2%)   
Pacific   2,283,204    2,314,185    (1.3%)     9,321,552    9,393,169    (0.8%)   
Total System   19,002,817    18,915,478    0.5%      72,021,424    73,323,707    (1.8%)   
                                    
Load Factor:                                   
Domestic   82.8%    85.4%    (2.6)pts   81.7%    82.3%    (0.6)pts  
Delta Mainline   84.4%    86.8%    (2.4)pts   83.6%    84.0%    (0.4)pts  
Regional   76.7%    80.4%    (3.7)pts   74.9%    76.8%    (1.9)pts  
International   80.4%    79.0%    1.4 pts   80.9%    77.8%    3.1 pts  
Latin America   80.5%    78.4%    2.1 pts   82.1%    78.0%    4.1 pts  
Delta Mainline   80.5%    78.6%    1.9 pts   82.3%    78.2%    4.1 pts  
Regional   77.8%    66.1%    11.7 pts   73.0%    62.2%    10.8 pts  
Atlantic   80.7%    81.5%    (0.8)pts   78.5%    76.5%    2.0 pts  
Pacific   79.8%    75.0%    4.8 pts   83.3%    79.6%    3.7 pts  
Total System   81.8%    82.8%    (1.0)pts   81.4%    80.5%    0.9 pts  
                                    
Mainline Completion   99.9%    99.8%    0.1 pts                  
Factor                                   
                                    
Passengers Boarded   13,534,255    13,744,612    (1.5%)     50,770,928    51,310,730    (1.1%)   
                                    
Cargo Ton Miles (000):   187,831    193,891    (3.1%)     749,628    762,855    (1.7%)   

 

Endnote:                                                    

a Results include flights operated under contract carrier arrangements.