201410020905PR_NEWS_USPR_____CL28121 20141002T090500-0400 prnewswire.com 20141002 CL28121 1 urn:newsml:prnewswire.com:20141002:CL28121:1 20141002T090500-0400 20141002T090500-0400 MimeType/@FormalName Delta Reports Financial and Operating Performance for September 2014 ATLANTA, Oct. 2, 2014 Delta-Sep-performance 201410020905PR_NEWS_USPR_____CL28121.xml Delta Reports Financial and Operating Performance for September 2014

Delta Reports Financial and Operating Performance for September 2014

PR Newswire

ATLANTA, Oct. 2, 2014 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for September 2014.

Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com.

Consolidated passenger unit revenue (PRASM) for the month of September increased 2.0 percent year over year as continued corporate and domestic strength offset pressure on international unit revenues.

Delta's solid operating performance continued through September, with a monthly completion factor of 99.8 percent and an on-time arrival rate of 85.7 percent.

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

Preliminary Financial and Operating Results

September consolidated PRASM change year over year

2.0%

Projected September quarter fuel price per gallon, adjusted

$2.90 - $2.95

September mainline completion factor

99.8%

September on-time performance (preliminary DOT A14)

85.7%

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. This year, Delta was named the 2014 Airline of the Year by Air Transport World magazine and was named to FORTUNE magazine's 50 Most Admired Companies, in addition to being named the most admired airline for the third time in four years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 318 destinations in 57 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 key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, 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 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; 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 war risk 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, 2013.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of Oct. 2, 2014, and which we have no current intention to update.

 




Monthly Traffic Results (a)


Year to Date Traffic Results (a)




































Sep 2014


Sep 2013


Change



Sep 2014


Sep 2013


Change


















RPMs (000):
















Domestic

9,600,306


9,086,388


5.7%



90,871,989


86,925,722


4.5%




Delta Mainline

7,908,890


7,356,357


7.5%



74,723,124


70,393,560


6.2%




Regional

1,691,416


1,730,031


(2.2%)



16,148,865


16,532,162


(2.3%)



International

7,351,177


6,990,642


5.2%



64,018,293


61,872,756


3.5%




Latin America

1,214,792


1,073,060


13.2%



13,812,413


11,549,907


19.6%




Delta Mainline

1,191,520


1,060,713


12.3%



13,539,161


11,397,918


18.8%




       Regional

23,272


12,347


88.5%



273,252


151,989


79.8%




Atlantic

4,041,970


3,805,547


6.2%



31,439,092


31,425,794


0.0%




Pacific

2,094,415


2,112,035


(0.8%)



18,766,788


18,897,055


(0.7%)



Total System

16,951,483


16,077,030


5.4%



154,890,282


148,798,478


4.1%


















ASMs (000):
















Domestic

11,580,440


11,242,516


3.0%



106,058,533


104,141,937


1.8%




Delta Mainline

9,389,357


8,961,202


4.8%



85,816,618


82,768,098


3.7%




Regional

2,191,083


2,281,314


(4.0%)



20,241,915


21,373,839


(5.3%)



International

8,661,705


8,056,710


7.5%



75,590,376


72,653,938


4.0%




Latin America

1,509,628


1,317,962


14.5%



16,494,182


13,743,817


20.0%




Delta Mainline

1,476,669


1,302,168


13.4%



16,132,927


13,547,201


19.1%




       Regional

32,959


15,794


108.7%



361,255


196,616


83.7%




Atlantic

4,543,938


4,200,872


8.2%



36,819,479


36,623,137


0.5%




Pacific

2,608,140


2,537,876


2.8%



22,276,715


22,286,984


(0.0%)



Total System

20,242,145


19,299,226


4.9%



181,648,909


176,795,875


2.7%


















Load Factor:
















Domestic

82.9%


80.8%


2.1

pts


85.7%


83.5%


2.2

pts



Delta Mainline

84.2%


82.1%


2.1

pts


87.1%


85.0%


2.1

pts



Regional

77.2%


75.8%


1.4

pts


79.8%


77.3%


2.5

pts


International

84.9%


86.8%


(1.9)

pts


84.7%


85.2%


(0.5)

pts



Latin America

80.5%


81.4%


(0.9)

pts


83.7%


84.0%


(0.3)

pts



Delta Mainline

80.7%


81.5%


(0.8)

pts


83.9%


84.1%


(0.2)

pts



       Regional

70.6%


78.2%


(7.6)

pts


75.6%


77.3%


(1.7)

pts



Atlantic

89.0%


90.6%


(1.6)

pts


85.4%


85.8%


(0.4)

pts



Pacific

80.3%


83.2%


(2.9)

pts


84.2%


84.8%


(0.6)

pts


Total System

83.7%


83.3%


0.4

pts


85.3%


84.2%


1.1

pts

















Mainline Completion Factor

99.8%


99.9%


(0.1)

pts
























Passengers Boarded

13,930,376


13,241,533


5.2%



129,549,212


124,691,481


3.9%


















Cargo Ton Miles (000):

208,143


201,861


3.1%



1,767,948


1,744,193


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 the 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. The tables below show reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.

Average Fuel Price per Gallon, Adjusted

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.










(Projected)





Three Months Ended

Consolidated



September 30, 2014

Average fuel price per gallon



 $3.22 to $3.27

MTM adjustments



(0.32)

Average fuel price per gallon, adjusted



 $2.90 to $2.95

 

 

Logo - http://photos.prnewswire.com/prnh/20090202/DELTALOGO

SOURCE Delta Air Lines