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Published on : Tuesday, December 3, 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|
|Mainline Completion Factor||99.9%||99.6%||0.3||pts|
|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