Welcome!

News Feed Item

Delta Reports Financial and Operating Performance for December 2013

ATLANTA, Jan. 3, 2014 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for December 2013.

(Logo: http://photos.prnewswire.com/prnh/20090202/DELTALOGO )

Consolidated passenger unit revenue (PRASM) for the month of December increased 10.0 percent year over year driven by continuing strong demand and benefits from the timing of the Thanksgiving holiday.    

Delta completed 99.6 percent of its flights in December and ran an on-time arrival rate of 79.5 percent.

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

Preliminary Financial and Operating Results


December consolidated PRASM change year over year



10.0%

Projected December quarter fuel price per gallon, adjusted



$3.00 - $3.05

December mainline completion factor



99.6%

December on-time performance (preliminary DOT A14)



79.5%

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. Delta was named by Fortune magazine as the most admired airline worldwide in its 2013 World's Most Admired Companies airline industry list, topping the list for the second time in three 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-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Delta is investing more than $3 billion in airport facilities and 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 impact that our indebtedness may have on our financial and operating activities and our ability to incur additional debt; 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; our ability to use net operating losses to offset future taxable income; 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 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, 2012 and our quarterly report on Form 10-Q for the quarterly period ended September 30, 2013.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of January 3, 2014, and which we have no current intention to update.

 




Monthly Traffic Results (a)


Year to Date Traffic Results (a)




































Dec 2013


Dec 2012


Change



Dec 2013


Dec 2012


Change


















RPMs (000):
















Domestic

9,434,131


8,745,715


7.9%



114,652,740


114,692,138


(0.0%)




Delta Mainline

7,673,560


7,043,866


8.9%



92,789,089


91,468,660


1.4%




Regional

1,760,571


1,701,849


3.5%



21,863,651


23,223,478


(5.9%)



International

6,353,075


6,016,864


5.6%



80,317,771


78,281,985


2.6%




Latin America

1,483,980


1,276,849


16.2%



15,351,889


13,778,843


11.4%




     Delta Mainline

1,458,639


1,260,747


15.7%



15,148,208


13,611,910


11.3%




       Regional

25,341


16,102


57.4%



203,681


166,933


22.0%




Atlantic

2,840,965


2,750,470


3.3%



40,233,076


39,920,372


0.8%




Pacific

2,028,130


1,989,545


1.9%



24,732,806


24,582,770


0.6%



Total System

15,787,206


14,762,579


6.9%



194,970,511


192,974,123


1.0%


















ASMs (000):
















Domestic

11,113,796


10,733,406


3.5%



137,989,838


136,485,550


1.1%




Delta Mainline

8,912,988


8,544,611


4.3%



109,718,045


107,184,875


2.4%




Regional

2,200,808


2,188,795


0.5%



28,271,793


29,300,675


(3.5%)



International

7,406,168


7,107,183


4.2%



94,745,955


93,929,889


0.9%




Latin America

1,740,271


1,537,193


13.2%



18,279,674


16,883,549


8.3%




     Delta Mainline

1,709,566


1,516,779


12.7%



18,019,064


16,641,107


8.3%




       Regional

30,705


20,414


50.4%



260,610


242,442


7.5%




Atlantic

3,314,170


3,240,902


2.3%



47,167,218


47,485,424


(0.7%)




Pacific

2,351,727


2,329,088


1.0%



29,299,063


29,560,916


(0.9%)



Total System

18,519,964


17,840,589


3.8%



232,735,793


230,415,439


1.0%


















Load Factor:
















Domestic

84.9%


81.5%


3.4

pts


83.1%


84.0%


(0.9)

pts



Delta Mainline

86.1%


82.4%


3.7

pts


84.6%


85.3%


(0.7)

pts



Regional

80.0%


77.8%


2.2

pts


77.3%


79.3%


(2.0)

pts


International

85.8%


84.7%


1.1

pts


84.8%


83.3%


1.5

pts



Latin America

85.3%


83.1%


2.2

pts


84.0%


81.6%


2.4

pts



     Delta Mainline

85.3%


83.1%


2.2

pts


84.1%


81.8%


2.3

pts



       Regional

82.5%


78.9%


3.6

pts


78.2%


68.9%


9.3

pts



Atlantic

85.7%


84.9%


0.8

pts


85.3%


84.1%


1.2

pts



Pacific

86.2%


85.4%


0.8

pts


84.4%


83.2%


1.2

pts


Total System

85.2%


82.7%


2.5

pts


83.8%


83.8%


0.0

pts

















Mainline Completion Factor

99.6%


99.7%


(0.1)

pts
























Passengers Boarded

13,360,396


12,469,381


7.1%



164,656,327


164,591,330


0.0%


















Cargo Ton Miles (000):

189,230


192,697


(1.8%)



2,350,971


2,385,084


(1.4%)


















Results include flights operated under contract carrier arrangements








 Non-GAAP Reconciliation

Delta sometimes uses information ("non-GAAP financial measures") that is derived from our Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Under the U.S. Securities and Exchange Commission rules, non-GAAP financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.

Delta excludes mark-to-market adjustments for fuel hedges recorded in periods other than the settlement period ("MTM adjustments") from average price per fuel gallon because excluding these adjustments allows investors to better understand and analyze Delta's costs for the periods reported. MTM adjustments are based on market prices as of the end of the reporting period for contracts settling in future periods. Such market prices are not necessarily indicative of the actual future value of the underlying hedge in the contract settlement period.

Average Fuel Price Per Gallon









(Projected)





Three Months Ended,



Consolidated


December 31, 2013



Average price per fuel gallon



$2.89 to $2.94



MTM adjustments



0.11



Average price per fuel gallon, adjusted



$3.00 to $3.05

















 

SOURCE Delta Air Lines

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
The idea of comparing data in motion (at the sensor level) to data at rest (in a Big Data server warehouse) with predictive analytics in the cloud is very appealing to the industrial IoT sector. The problem Big Data vendors have, however, is access to that data in motion at the sensor location. In his session at @ThingsExpo, Scott Allen, CMO of FreeWave, discussed how as IoT is increasingly adopted by industrial markets, there is going to be an increased demand for sensor data from the outermos...
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...