0001019687-16-006535.txt : 20160602 0001019687-16-006535.hdr.sgml : 20160602 20160602090042 ACCESSION NUMBER: 0001019687-16-006535 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160602 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160602 DATE AS OF CHANGE: 20160602 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: 161691224 BUSINESS ADDRESS: STREET 1: HARTSFIELD-JACKSON ATLANTA INTL AIRPORT STREET 2: 1030 DELTA BOULEVARD 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): June 2, 2016

 

 

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 May 2016 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 impact of rebalancing our hedge portfolio, recording mark-to-market adjustments or posting collateral in connection with our fuel hedge contracts; the availability of aircraft fuel; the effects of terrorist attacks or geopolitical conflict; 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; 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 Dec. 31, 2015.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of June 2, 2016, and which we have no current intention to update.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)  Exhibits.

 

  Exhibit 99.1 Press Release dated June 2, 2016 titled “Delta Reports Financial and Operating Performance for May 2016”

 

 

 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:  June 2, 2016 Paul A. Jacobson
Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 
 

EXHIBIT INDEX

 

 

Exhibit Number Description
   
  Exhibit 99.1 Press Release dated June 2, 2016 titled “Delta Reports Financial and Operating Performance for May 2016”
     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 4 

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 May 2016

 

ATLANTA, June 2, 2016 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for May 2016.

 

Consolidated passenger unit revenue (PRASM) for the month of May declined 5.0% year over year due to persistent close-in domestic yield weakness and continued pressures from foreign exchange.

 

 

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

 

 

Preliminary Financial and Operating Results

 

May consolidated PRASM change year over year (5.0)%
May mainline completion factor 99.9%
May on-time performance (preliminary DOT A14) 88.6%

 

 

 

Delta Air Lines serves nearly 180 million customers each year. In 2016, Delta was named to Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the fifth time in six years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented five consecutive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 337 destinations in 62 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry’s leading transatlantic joint venture with Air France-KLM and Alitalia as well as a 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 and LaGuardia, London-Heathrow, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products and services, and technology to enhance the customer experience in the air and on the ground. Additional information is available on the Delta News Hub, as well as delta.com, Twitter @DeltaNewsHub, Google.com/+Delta, and Facebook.com/delta.

 

 

   
 

 

      Monthly Traffic Results (a)   Year to Date Traffic Results (a)  
                             
                             
      May 2016   May 2015   Change   May 2016   May 2015   Change  
                             
RPMs (000):                          
  Domestic 11,457,757   10,878,442   5.3%    51,861,283   49,295,504   5.2%   
    Delta Mainline 9,635,787   9,096,893   5.9%    43,511,130   40,945,982   6.3%   
    Regional 1,821,970   1,781,549   2.3%    8,350,153   8,349,522   0.0%   
  International 7,360,660   7,343,755   0.2%    32,011,659   32,029,359   (0.1%)  
    Latin America 1,595,517   1,548,046   3.1%    8,970,351   8,408,298   6.7%   
    Delta Mainline 1,552,860   1,517,139   2.4%    8,722,314   8,248,968   5.7%   
    Regional 42,657   30,907   38.0%    248,038   159,330   55.7%   
    Atlantic 3,750,611   3,736,730   0.4%    13,745,874   13,948,863   (1.5%)  
    Pacific 2,014,531   2,058,979   (2.2%)   9,295,434   9,672,198   (3.9%)  
  Total System 18,818,416   18,222,197   3.3%    83,872,942   81,324,863   3.1%   
                             
                             
ASMs (000):                          
  Domestic 13,205,675   12,514,992   5.5%    61,629,466   58,298,652   5.7%   
    Delta Mainline 10,982,663   10,359,183   6.0%    51,013,273   47,684,090   7.0%   
    Regional 2,223,012   2,155,809   3.1%    10,616,193   10,614,562   0.0%   
  International 8,861,338   8,810,407   0.6%    39,382,766   39,920,855   (1.3%)  
    Latin America 1,898,479   1,898,608   (0.0%)   10,830,876   10,349,415   4.7%   
    Delta Mainline 1,843,297   1,859,495   (0.9%)   10,514,813   10,137,568   3.7%   
    Regional 55,182   39,113   41.1%    316,063   211,847   49.2%   
    Atlantic 4,649,777   4,523,251   2.8%    17,792,272   17,994,615   (1.1%)  
    Pacific 2,313,082   2,388,548   (3.2%)    10,759,618   11,576,825   (7.1%)  
  Total System 22,067,013   21,325,399   3.5%   101,012,232   98,219,507   2.8%   
                             
                             
Load Factor:                          
  Domestic 86.8%   86.9%    (0.1) pts 84.2%   84.6%    (0.4) pts
    Delta Mainline 87.7%   87.8%    (0.1) pts 85.3%   85.9%    (0.6) pts
    Regional 82.0%   82.6%    (0.6) pts 78.7%   78.7%   0.0  pts
  International 83.1%   83.4%    (0.3) pts 81.3%   80.2%   1.1  pts
    Latin America 84.0%   81.5%   2.5  pts 82.8%   81.2%   1.6  pts
    Delta Mainline 84.2%   81.6%   2.6  pts 83.0%   81.4%   1.6  pts
    Regional 77.3%   79.0%    (1.7) pts 78.5%   75.2%   3.3  pts
    Atlantic 80.7%   82.6%    (1.9) pts 77.3%   77.5%    (0.2) pts
    Pacific 87.1%   86.2%   0.9 pts 86.4%   83.5%   2.9  pts
  Total System 85.3%   85.4%    (0.1) pts 83.0%   82.8%   0.2  pts
                             
Mainline Completion Factor 99.9%   99.8%   0.1  pts            
                             
Passengers Boarded 16,338,853   15,555,603   5.0%    73,490,216   70,344,025   4.5%   
                             
                             
Cargo Ton Miles (000): 163,763   181,684   (9.9%)   798,219   907,522   (12.0%)  

 

a Results include flights operated under contract carrier arrangements

 

 

 

 

 

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