EX-99.1 2 delta_8k-ex9901.htm PRESS RELEASE

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