0001019687-15-001731.txt : 20150504 0001019687-15-001731.hdr.sgml : 20150504 20150504090043 ACCESSION NUMBER: 0001019687-15-001731 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150504 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150504 DATE AS OF CHANGE: 20150504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELTA AIR LINES INC /DE/ CENTRAL INDEX KEY: 0000027904 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 580218548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05424 FILM NUMBER: 15826520 BUSINESS ADDRESS: STREET 1: HARTSFIELD ATLANTA INTL AIRPORT STREET 2: 1030 DELTA BLVD CITY: ATLANTA STATE: GA ZIP: 30354-1989 BUSINESS PHONE: 4047152600 MAIL ADDRESS: STREET 1: P.O. BOX 20706 STREET 2: DEPT 981 CITY: ATLANTA STATE: GA ZIP: 30320-6001 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR CORP DATE OF NAME CHANGE: 19660908 8-K 1 delta_8k.htm CURRENT REPORT ON FORM 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 4, 2015

 

 

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):

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-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 2015 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 rebalancing our hedge portfolio, recording mark-to-market adjustments or posting collateral in connection with our fuel hedge contracts; the possible effects of accidents involving our aircraft; 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 or gateway airports; disruptions or security breaches of our information technology infrastructure; our dependence on technology in our operations; 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 Monroe’s 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 sensitivity of the airline industry to prolonged periods of stagnant or weak economic conditions; the effects of terrorist attacks or geopolitical conflict; and the effects of the rapid spread of contagious illnesses.  

 

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 December 31, 2014.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of May 4, 2015, and which we have no current intention to update.

 

Item 9.01       Financial Statements and Exhibits.

 

(d)  Exhibits.

 

  Exhibit 99.1 Press Release dated May 4, 2015 titled “Delta Reports Financial and Operating Performance for April 2015”

 

 

2
 

 

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 4, 2015 Paul A. Jacobson
Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

3
 

 

EXHIBIT INDEX

 

Exhibit Number Description
   
Exhibit 99.1 Press Release dated May 4, 2015 titled “Delta Reports Financial and Operating Performance for April 2015”
   

 

 

 

 

 

 

 

 

4

EX-99.1 2 delta_8k-ex9901.htm PRESS RELEASE

Exhibit 99.1

 

DELTA 2007 logo

 

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 2015

 

ATLANTA, May 4, 2015 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for April 2015.

 

Consolidated passenger unit revenue (PRASM) for the month of April decreased 3.5 percent year over year, as stable domestic unit revenues were offset by foreign exchange pressure and lower surcharges in international markets.

 

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

 

 

Preliminary Financial and Operating Results

 

April consolidated PRASM change year over year (3.5%)
April mainline completion factor 99.8%
April on-time performance (preliminary DOT A14) 86.8%

 

 

Delta Air Lines serves more than 170 million customers each year. Delta was named to FORTUNE magazine’s top 50 World’s Most Admired Companies in addition to being named the most admired airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for four consecutive years, a first for any airline. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 327 destinations in 60 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 key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle 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.

 

1
 

 

      Monthly Traffic Results (a)   Year to Date Traffic Results (a)  
                             
                             
      Apr 2015   Apr 2014   Change   Apr 2015   Apr 2014   Change  
                         
RPMs (000):                        
  Domestic 10,374,077   10,111,047   2.6%   38,417,025   36,824,193   4.3%  
    Delta Mainline 8,627,557   8,269,214   4.3%   31,849,329   30,040,476   6.0%  
    Regional 1,746,520   1,841,833   (5.2%)   6,567,697   6,783,717   (3.2%)  
  International 6,505,563   6,465,489   0.6%   24,683,880   24,353,157   1.4%  
    Latin America 1,584,568   1,451,195   9.2%   6,849,585   6,261,738   9.4%  
      Delta Mainline 1,551,628   1,422,739   9.1%   6,721,150   6,141,287   9.4%  
         Regional 32,939   28,456   15.8%   128,435   120,451   6.6%  
    Atlantic 3,109,819   3,170,375   (1.9%)   10,221,573   10,295,876   (0.7%)  
    Pacific 1,811,176   1,843,919   (1.8%)   7,612,722   7,795,543   (2.3%)  
  Total System 16,879,640   16,576,536   1.8%   63,100,905   61,177,350   3.1%  
                             
                             
ASMs (000):                        
  Domestic 12,068,468   11,761,781   2.6%   45,784,113   43,800,079   4.5%  
    Delta Mainline 9,905,908   9,458,920   4.7%   37,325,619   35,080,758   6.4%  
    Regional 2,162,560   2,302,861   (6.1%)   8,458,494   8,719,321   (3.0%)  
  International 8,226,877   7,813,600   5.3%   31,111,656   29,679,127   4.8%  
    Latin America 1,967,419   1,746,862   12.6%   8,438,352   7,486,808   12.7%  
      Delta Mainline 1,924,722   1,708,137   12.7%   8,265,619   7,321,885   12.9%  
         Regional 42,696   38,725   10.3%   172,733   164,923   4.7%  
    Atlantic 3,990,397   3,729,163   7.0%   13,485,109   12,837,522   5.0%  
    Pacific 2,269,062   2,337,575   (2.9%)   9,188,195   9,354,797   (1.8%)  
  Total System 20,295,346   19,575,381   3.7%   76,895,769   73,479,206   4.6%  
                             
                             
Load Factor:                        
  Domestic 86.0%   86.0%   0.0 pts 83.9%   84.1%    (0.2) pts
    Delta Mainline 87.1%   87.4%    (0.3) pts 85.3%   85.6%    (0.3) pts
    Regional 80.8%   80.0%   0.8 pts 77.6%   77.8%    (0.2) pts
  International 79.1%   82.7%    (3.6) pts 79.3%   82.1%    (2.8) pts
    Latin America 80.5%   83.1%    (2.6) pts 81.2%   83.6%    (2.4) pts
      Delta Mainline 80.6%   83.3%    (2.7) pts 81.3%   83.9%    (2.6) pts
         Regional 77.1%   73.5%   3.6 pts 74.4%   73.0%   1.4 pts
    Atlantic 77.9%   85.0%    (7.1) pts 75.8%   80.2%    (4.4) pts
    Pacific 79.8%   78.9%   0.9 pts 82.9%   83.3%    (0.4) pts
  Total System 83.2%   84.7%    (1.5) pts 82.1%   83.3%    (1.2) pts
                             
Mainline Completion Factor 99.8%   99.9%    (0.1) pts            
                             
Passengers Boarded 14,782,481   14,420,672   2.5%   54,787,932   52,583,526   4.2%  
                             
                             
                             
Cargo Ton Miles (000): 180,191   183,337   (1.7%)   728,719   713,595   2.1%  

 

a Results include flights operated under contract carrier arrangements

 

2

 

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