Delta Reports Financial and Operating Performance for November 2013

Published on : Tuesday, December 3, 2013

deltaDelta Air Lines today reported financial and operating performance for November 2013.

 

 

Consolidated passenger unit revenue (PRASM) for the month of November decreased 3.0 percent year over year driven by the calendar placement of the Thanksgiving holiday, which added an extra week of off-peak travel in the month and shifted Thanksgiving return traffic into December.  Overall demand for Thanksgiving travel was especially strong, with more than 2.6 million passengers traveling over the holiday period.  With theThanksgiving travel shift and solid bookings for the remainder of the year, Delta is currently forecasting its unit revenues to increase 7 – 9 percent year over year for the month of December.

 

 

Delta completed 99.9 percent of its flights in November and ran an on-time arrival rate of 88.3 percent.

 

 

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

 

 

 

Preliminary Financial and Operating Results
November consolidated PRASM change year over year (3.0%)
Projected December quarter fuel price per gallon, adjusted $3.03 – $3.08
November mainline completion factor 99.9%
November on-time performance (preliminary DOT A14) 88.3%
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 more than 160 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 theDelta Connection carriers offer service to 315 destinations in 58 countries on six continents. Headquartered inAtlanta, 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. 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,

 

 

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 December 3, 2013, and which we have no current intention to update.

 

 

 

Monthly Traffic Results (a) Year to Date Traffic Results (a)
Nov 2013 Nov 2012 Change Nov 2013 Nov 2012 Change
RPMs (000):
Domestic 8,628,655 9,065,578 (4.8%) 105,218,609 105,946,423 (0.7%)
Delta Mainline 6,970,854 7,302,165 (4.5%) 85,115,529 84,424,794 0.8%
Regional 1,657,801 1,763,413 (6.0%) 20,103,080 21,521,629 (6.6%)
International 5,509,685 5,416,075 1.7% 73,964,695 72,265,121 2.4%
Latin America 1,203,368 1,001,707 20.1% 13,867,909 12,501,994 10.9%
  Delta Mainline 1,189,405 988,589 20.3% 13,689,569 12,351,163 10.8%
    Regional 13,963 13,118 6.4% 178,341 150,831 18.2%
Atlantic 2,496,898 2,563,043 (2.6%) 37,392,111 37,169,902 0.6%
Pacific 1,809,420 1,851,325 (2.3%) 22,704,675 22,593,225 0.5%
Total System 14,138,341 14,481,653 (2.4%) 179,183,304 178,211,544 0.5%
ASMs (000):
Domestic 10,965,702 10,935,797 0.3% 126,876,042 125,752,144 0.9%
Delta Mainline 8,735,523 8,683,891 0.6% 100,805,057 98,640,264 2.2%
Regional 2,230,178 2,251,906 (1.0%) 26,070,985 27,111,880 (3.8%)
International 6,838,170 6,619,779 3.3% 87,339,787 86,822,706 0.6%
Latin America 1,435,574 1,217,966 17.9% 16,539,403 15,346,356 7.8%
  Delta Mainline 1,418,364 1,200,358 18.2% 16,309,498 15,124,328 7.8%
    Regional 17,210 17,608 (2.3%) 229,905 222,028 3.5%
Atlantic 3,182,303 3,163,241 0.6% 43,853,047 44,244,522 (0.9%)
Pacific 2,220,293 2,238,572 (0.8%) 26,947,336 27,231,828 (1.0%)
Total System 17,803,872 17,555,576 1.4% 214,215,829 212,574,850 0.8%
Mainline Completion Factor 99.9% 99.6% 0.3 pts
Load Factor:
Domestic 78.7% 82.9% (4.2) pts 82.9% 84.3% (1.4) pts
Delta Mainline 79.8% 84.1% (4.3) pts 84.4% 85.6% (1.2) pts
Regional 74.3% 78.3% (4.0) pts 77.1% 79.4% (2.3) pts
International 80.6% 81.8% (1.2) pts 84.7% 83.2% 1.5 pts
Latin America 83.8% 82.2% 1.6 pts 83.8% 81.5% 2.3 pts
  Delta Mainline 83.9% 82.4% 1.5 pts 83.9% 81.7% 2.2 pts
    Regional 81.1% 74.5% 6.6 pts 77.6% 67.9% 9.7 pts
Atlantic 78.5% 81.0% (2.5) pts 85.3% 84.0% 1.3 pts
Pacific 81.5% 82.7% (1.2) pts 84.3% 83.0% 1.3 pts
Total System 79.4% 82.5% (3.1) pts 83.6% 83.8% (0.2) pts
Passengers Boarded 12,527,426 12,999,438 (3.6%) 151,295,931 152,121,949 (0.5%)
Cargo Ton Miles (000): 201,345 194,304 3.6% 2,161,741 2,192,387 (1.4%)
a Results include flights operated under contract carrier arrangements

 

SOURCE Delta Air Lines

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 wtm_london17
  • 04 AIME 2018
  • 12 indywood 17
  • 16 TT Warsaw 2017
  • 18 TTF17
  • 19 Emitt 18
  • 19 IITM
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com