EX-99.1 2 delta_8k-ex9901.htm PRESS RELEASE

Exhibit 99.1

 

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Delta Reports Financial and Operating Performance for May 2013

 

ATLANTA, June 4, 2013 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for May 2013.

 

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.