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): August 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 July 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; uncertainty in economic conditions and regulatory environment in the United Kingdom related to the likely exit of the United Kingdom from the European Union; 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 and our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2016.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of August 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 August 2, 2016 titled “Delta Reports Financial and Operating Performance for July 2016”

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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:  August 2, 2016	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 August 2, 2016 titled “Delta Reports Financial and Operating Performance for July 2016”

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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 July 2016

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

Consolidated passenger unit revenue (PRASM) for the month of July declined 7.0% year over year, consistent with the company's expectations for the quarter. This result was driven by continued close-in domestic yield weakness, the ongoing supply-demand imbalance in the Transatlantic, and headwinds from the company’s Yen hedge positions.

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

Preliminary Financial and Operating Results
July consolidated PRASM change year over year	(7.0)%
July mainline completion factor	99.7%
July on-time performance (preliminary DOT A14)	81.6%

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 335 destinations in 61 countries on six continents. Headquartered in Atlanta, Delta employs more than 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.

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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 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; uncertainty in economic conditions and regulatory environment in the United Kingdom related to the likely exit of the United Kingdom from the European Union; 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 and our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2016. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of Aug. 2, 2016, and which we have no current intention to update.

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	Monthly Traffic Results (a)								Year to Date Traffic Results (a)
	July 2016		July 2015		Change				July 2016		July 2015		Change
RPMs (000):
Domestic		12,427,419		12,203,104		1.8%				76,272,256		73,052,397		4.4%
Delta Mainline		10,572,602		10,291,665		2.7%				64,211,382		60,961,185		5.3%
Regional		1,854,817		1,911,439		(3.0%	)			12,060,874		12,091,212		(0.3%	)
International		8,726,177		8,702,193		0.3%				49,010,342		48,828,728		0.4%
Latin America		1,831,957		1,805,937		1.4%				12,468,954		11,803,174		5.6%
Delta Mainline		1,781,201		1,770,720		0.6%				12,122,750		11,579,977		4.7%
Regional		50,756		35,217		44.1%				346,203		223,197		55.1%
Atlantic		4,743,845		4,637,013		2.3%				22,976,541		22,975,377		0.0%
Pacific		2,150,375		2,259,243		(4.8%	)			13,564,848		14,050,177		(3.5%	)
Total System		21,153,597		20,905,297		1.2%				125,282,599		121,881,125		2.8%
ASMs (000):
Domestic		14,350,955		13,777,995		4.2%				89,675,606		85,075,138		5.4%
Delta Mainline		12,109,575		11,498,826		5.3%				74,568,491		70,021,319		6.5%
Regional		2,241,380		2,279,169		(1.7%	)			15,107,116		15,053,819		0.4%
International		9,925,419		9,994,532		(0.7%	)			58,718,380		59,231,340		(0.9%	)
Latin America		2,025,063		2,038,284		(0.6%	)			14,751,975		14,290,935		3.2%
Delta Mainline		1,967,299		1,998,394		(1.6%	)			14,322,257		14,003,946		2.3%
Regional		57,764		39,890		44.8%				429,717		286,989		49.7%
Atlantic		5,526,327		5,407,534		2.2%				28,513,506		28,451,556		0.2%
Pacific		2,374,029		2,548,714		(6.9%	)			15,452,899		16,488,849		(6.3%	)
Total System		24,276,374		23,772,527		2.1%				148,393,986		144,306,478		2.8%
Load Factor:
Domestic		86.6%		88.6%		(2.0	)	pts		85.1%		85.9%		(0.8	)	pts
Delta Mainline		87.3%		89.5%		(2.2	)	pts		86.1%		87.1%		(1.0	)	pts
Regional		82.8%		83.9%		(1.1	)	pts		79.8%		80.3%		(0.5	)	pts
International		87.9%		87.1%		0.8		pts		83.5%		82.4%		1.1		pts
Latin America		90.5%		88.6%		1.9		pts		84.5%		82.6%		1.9		pts
Delta Mainline		90.5%		88.6%		1.9		pts		84.6%		82.7%		1.9		pts
Regional		87.9%		88.3%		(0.4	)	pts		80.6%		77.8%		2.8		pts
Atlantic		85.8%		85.8%		0.0		pts		80.6%		80.8%		(0.2	)	pts
Pacific		90.6%		88.6%		2.0		pts		87.8%		85.2%		2.6		pts
Total System		87.1%		87.9%		(0.8	)	pts		84.4%		84.5%		(0.1	)	pts
Mainline Completion Factor		99.7%		99.9%		(0.2	)	pts
Passengers Boarded		17,109,491		17,103,034		0.0%				107,372,749		103,754,353		3.5%
Cargo Ton Miles (000):		170,014		192,859		(11.8%	)			1,140,096		1,285,696		(11.3%	)

^a Results include flights operated under contract carrier arrangements

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