8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 2, 2014

DELTA AIR LINES, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-05424	58-0218548
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P.O. Box 20706, Atlanta, Georgia 30320-6001

(Address of principal executive offices)

Registrant’s telephone number, including area code: (404) 715-2600

Registrant’s Web site address: www.delta.com

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01       Regulation FD Disclosure.

Delta Air Lines, Inc. (“Delta”) issued today a press release reporting April 2014 financial and operating results. The press release is attached as Exhibit 99.1 to this Form 8-K.

In accordance with general instruction B.2 of Form 8−K, the information in this report (including the exhibit) that is being furnished pursuant to Item 7.01 of Form 8−K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act, as amended, or otherwise subject to liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

Statements in this Form 8-K and the attached exhibit 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 Delta’s Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Caution should be taken not to place undue reliance on Delta’s forward-looking statements, which represent Delta’s views only as of May 2, 2014, and which Delta has no current intention to update.

Item 9.01       Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit 99.1 Press Release dated May 2, 2014 titled “Delta Reports Financial and Operating Performance for April 2014”

1

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DELTA AIR LINES, INC.
	By:  /s/ Paul A. Jacobson
Date:  May 2, 2014	Paul A. Jacobson Executive Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit Number		Description
	Exhibit 99.1	Press Release dated May 2, 2014 titled “Delta Reports Financial and Operating Performance for April 2014”

3

EX-99.1

Exhibit 99.1

 

CONTACT: Corporate Communications
404-715-2554 news archive at news.delta.com   Investor Relations 404-715-2170

Delta Reports Financial and Operating Performance for April 2014

ATLANTA, May 2, 2014 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for April 2014.

Consolidated passenger unit revenue (PRASM) for the month of April increased 6.0% year over year with strength in the Domestic, Transatlantic, and Latin regions. April PRASM results benefited from the late placement of the Easter Holiday which shifted revenue from March into April.

Delta’s solid operating performance continued through April, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 85.2 percent.

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

Preliminary Financial and Operating Results
April consolidated PRASM change year over year	6.0%
Projected June quarter fuel price per gallon, adjusted	$2.97 - $3.02
April mainline completion factor	99.9%
April on-time performance (preliminary DOT A14)	85.2%

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 322 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 May 2, 2014, and which we have no current intention to update.

			Monthly Traffic Results (a)				Year to Date Traffic Results (a)
			Apr 2014	Apr 2013	Change		Apr 2014	Apr 2013	Change
RPMs (000):
	Domestic		10,109,008	9,436,907	7.1%		36,823,443	35,415,453	4.0%
		Delta Mainline	8,267,423	7,595,568	8.8%		30,040,737	28,563,535	5.2%
		Regional	1,841,585	1,841,339	0.0%		6,782,706	6,851,918	(1.0%)
	International		6,464,367	6,108,582	5.8%		24,349,467	23,207,922	4.9%
		Latin America	1,449,758	1,132,560	28.0%		6,251,671	5,110,867	22.3%
		Delta Mainline	1,421,304	1,113,785	27.6%		6,131,222	5,042,800	21.6%
		Regional	28,455	18,775	51.6%		120,449	68,067	77.0%
		Atlantic	3,171,549	3,152,408	0.6%		10,304,547	10,330,663	(0.3%)
		Pacific	1,843,060	1,823,614	1.1%		7,793,248	7,766,392	0.3%
	Total System		16,573,376	15,545,489	6.6%		61,172,910	58,623,375	4.3%
ASMs (000):
	Domestic		11,759,212	11,402,501	3.1%		43,799,344	43,321,900	1.1%
		Delta Mainline	9,456,296	9,002,973	5.0%		35,080,217	34,171,022	2.7%
		Regional	2,302,916	2,399,528	(4.0%)		8,719,127	9,150,878	(4.7%)
	International		7,812,412	7,598,238	2.8%		29,677,868	28,700,910	3.4%
		Latin America	1,745,383	1,407,446	24.0%		7,475,430	6,223,855	20.1%
		Delta Mainline	1,706,659	1,383,321	23.4%		7,310,507	6,130,572	19.2%
		Regional	38,723	24,125	60.5%		164,923	93,283	76.8%
		Atlantic	3,730,411	3,907,078	(4.5%)		12,848,670	13,154,441	(2.3%)
		Pacific	2,336,618	2,283,714	2.3%		9,353,767	9,322,614	0.3%
	Total System		19,571,624	19,000,739	3.0%		73,477,212	72,022,810	2.0%
Load Factor:
	Domestic		86.0%	82.8%	3.2	pts	84.1%	81.7%	2.4	pts
		Delta Mainline	87.4%	84.4%	3.0	pts	85.6%	83.6%	2.0	pts
		Regional	80.0%	76.7%	3.3	pts	77.8%	74.9%	2.9	pts
	International		82.7%	80.4%	2.3	pts	82.0%	80.9%	1.1	pts
		Latin America	83.1%	80.5%	2.6	pts	83.6%	82.1%	1.5	pts
		Delta Mainline	83.3%	80.5%	2.8	pts	83.9%	82.3%	1.6	pts
		Regional	73.5%	77.8%	(4.3)	pts	73.0%	73.0%	0.0	pts
		Atlantic	85.0%	80.7%	4.3	pts	80.2%	78.5%	1.7	pts
		Pacific	78.9%	79.9%	(1.0)	pts	83.3%	83.3%	0.0	pts
	Total System		84.7%	81.8%	2.9	pts	83.3%	81.4%	1.9	pts
Mainline Completion Factor			99.9%	99.9%	-	pts
Passengers Boarded			14,419,159	13,532,954	6.5%		52,579,921	50,771,706	3.6%
Cargo Ton Miles (000):			185,020	187,695	(1.4%)		720,631	750,581	(4.0%)

^a  Results include flights operated under contract carrier arrangements