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
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Delta Reports Financial and Operating Performance for August 2016

 

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

 

Consolidated passenger unit revenue (PRASM) for the month of August declined 9.5% year over year, as the company continues to see pressure from close-in domestic yield weakness, the ongoing supply-demand imbalance in the Transatlantic, and headwinds from its Yen hedge positions.

 

In addition, the outage Delta suffered in August resulted in 2,300 cancelled flights over a three day period. The outage and subsequent operational recovery efforts negatively impacted August revenue by approximately $100 million or 2 points of PRASM.

 

“We are grateful to our customers for continuing to rely on Delta for the superior customer service and operational performance you’ve come to expect from us,” said Ed Bastian, CEO – Delta Air Lines. “Our recovery effort exemplified the hard work and determination of Delta people worldwide, and all 80,000 remain dedicated to regaining your trust.”

 

 

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

 

 

Preliminary Financial and Operating Results

 

August consolidated PRASM change year over year (9.5)%
August mainline completion factor 98.0%
August on-time performance (preliminary DOT A14) 79.9%

 

 

 

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 321 destinations in 56 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.

 

 

   

 

 

      Monthly Traffic Results (a)   Year to Date Traffic Results (a)  
                             
                             
      Aug 2016   Aug 2015   Change   Aug 2016   Aug 2015   Change  
                             
RPMs (000):                            
  Domestic 11,833,254   12,013,759   (1.5%)   88,105,510   85,066,156   3.6%   
    Delta Mainline 10,016,538   10,131,423   (1.1%)   74,227,920   71,092,608   4.4%   
    Regional 1,816,715   1,882,336   (3.5%)   13,877,589   13,973,548   (0.7%)  
  International 8,389,918   8,801,722   (4.7%)   57,400,260   57,630,450   (0.4%)  
    Latin America 1,669,296   1,718,523   (2.9%)   14,138,250   13,521,697   4.6%   
    Delta Mainline 1,626,144   1,682,685   (3.4%)   13,748,895   13,262,662   3.7%   
    Regional 43,152   35,838   20.4%    389,355   259,035   50.3%   
    Atlantic 4,496,377   4,648,008   (3.3%)   27,472,919   27,623,385   (0.5%)  
    Pacific 2,224,244   2,435,191   (8.7%)   15,789,092   16,485,368   (4.2%)  
  Total System 20,223,172   20,815,481   (2.8%)   145,505,770   142,696,606   2.0%   
                             
                             
ASMs (000):                            
  Domestic 14,183,486   13,819,205   2.6%    103,859,092   98,894,343   5.0%   
    Delta Mainline 11,895,479   11,533,073   3.1%    86,463,970   81,554,392   6.0%   
    Regional 2,288,007   2,286,132   0.1%    17,395,122   17,339,951   0.3%   
  International 9,767,853   10,012,009   (2.4%)   68,486,233   69,243,349   (1.1%)  
    Latin America 1,928,119   1,994,307   (3.3%)   16,680,093   16,285,242   2.4%   
    Delta Mainline 1,875,862   1,951,975   (3.9%)   16,198,120   15,955,921   1.5%   
    Regional 52,257   42,332   23.4%    481,974   329,321   46.4%   
    Atlantic 5,427,196   5,341,957   1.6%    33,940,703   33,793,513   0.4%   
    Pacific 2,412,538   2,675,745   (9.8%)   17,865,437   19,164,594   (6.8%)  
  Total System 23,951,339   23,831,214   0.5%    172,345,325   168,137,692   2.5%   
                             
                             
Load Factor:                          
  Domestic 83.4%   86.9%    (3.5) pts 84.8%   86.0%    (1.2) pts
    Delta Mainline 84.2%   87.8%    (3.6) pts 85.8%   87.2%    (1.4) pts
    Regional 79.4%   82.3%    (2.9) pts 79.8%   80.6%    (0.8) pts
  International 85.9%   87.9%    (2.0) pts 83.8%   83.2%   0.6  pts
    Latin America 86.6%   86.2%   0.4  pts 84.8%   83.0%   1.8  pts
    Delta Mainline 86.7%   86.2%   0.5  pts 84.9%   83.1%   1.8  pts
    Regional 82.6%   84.7%    (2.1) pts 80.8%   78.7%   2.1  pts
    Atlantic 82.8%   87.0%    (4.2) pts 80.9%   81.7%    (0.8) pts
    Pacific 92.2%   91.0%   1.2  pts 88.4%   86.0%   2.4  pts
  Total System 84.4%   87.3%    (2.9) pts 84.4%   84.9%    (0.5) pts
                             
Mainline Completion Factor 98.0%   99.8%    (1.8) pts            
                             
Passengers Boarded 16,340,426   16,856,971   (3.1%)   123,713,175   120,611,324   2.6%  
                             
                             
Cargo Ton Miles (000): 162,968   186,828   (12.8%)   1,303,064   1,472,525   (11.5%)  

 

a Results include flights operated under contract carrier arrangements