Attached files

file filename
8-K - CURRENT REPORT ON FORM 8-K - DELTA AIR LINES, INC.delta_8k.htm

Exhibit 99.1

 

DELTA 2007 logo

 

 

 

FOR IMMEDIATE RELEASE

 

CONTACT:Corporate Communications

404-715-2554

news archive at news.delta.com

 

Investor Relations

404-715-2170

 

 

Delta Reports Financial and Operating Performance for January 2013

 

ATLANTA, Feb. 4, 2013 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for January 2013.

 

Delta’s unit revenues for the month of January improved 5.5 percent versus prior year, driven by corporate revenue gains, capacity discipline and improved Transatlantic performance.

 

Delta’s solid operating performance continued through January, with a monthly completion factor of 99.5 percent. Delta’s on-time arrival rate was 87.4 percent, up one point from prior year.

 

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

 

 

Preliminary Financial and Operating Results

 

January Consolidated PRASM change year over year 5.5%
Projected March quarter fuel price per gallon, adjusted $3.15-3.20
January On-time performance (preliminary DOT A14) 87.4%
January Mainline completion factor 99.5%

 

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 more than 160 million customers each year. During the past year, Delta was named domestic “Airline of the Year” by the readers of Travel Weekly magazine, was named the “Top Tech-Friendly U.S. Airline” by PCWorld magazine for its innovation in technology, won the Business Travel News Annual Airline Survey and was the recipient of 12 Executive Travel Magazine Leading Edge Awards for U.S. airlines. With an industry-leading global network, Delta and the Delta Connection carriers offer service to nearly 318 destinations in 59 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. A founding member of the SkyTeam global alliance, Delta 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 13,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The airline’s service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Delta is investing more than $3 billion through 2013 in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Customers can check in for flights, print boarding passes, check bags and review flight status at 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 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 increasing dependence on technology in our operations; 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; our ability to retain management and key employees; competitive conditions in the airline industry; the effects of the rapid spread of contagious illnesses; the effects of terrorist attacks; and risks related to the operation of a refinery.  

 

 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, 2011 and our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2012.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of February 4, 2013, and which we have no current intention to update.

 

 

 
 

 

 

              
  

 Monthly Traffic Results (a)

 
              
   Jan 2013   Jan 2012   Change 
              
RPMs (000):                
Domestic   8,182,043    8,143,393    0.5% 
Delta Mainline   6,599,013    6,439,290    2.5% 
Regional   1,583,031    1,704,103    (7.1%) 
International   5,723,830    5,766,543    (0.7%) 
Latin America   1,281,729    1,175,955    9.0% 
Delta Mainline   1,261,869    1,162,293    8.6% 
Regional   19,860    13,662    45.4% 
Atlantic   2,445,827    2,612,367    (6.4%) 
Pacific   1,996,275    1,978,221    0.9% 
Total System   13,905,874    13,909,936    (0.0%) 
                 
ASMs (000):                
Domestic   10,459,585    10,537,588    (0.7%) 
Delta Mainline   8,216,295    8,128,156    1.1% 
Regional   2,243,290    2,409,432    (6.9%) 
International   7,062,967    7,415,547    (4.8%) 
Latin America   1,532,535    1,458,863    5.0% 
Delta Mainline   1,505,570    1,436,874    4.8% 
Regional   26,966    21,989    22.6% 
Atlantic   3,156,740    3,523,013    (10.4%) 
Pacific   2,373,692    2,433,671    (2.5%) 
Total System   17,522,552    17,953,135    (2.4%) 
                 
Load Factor:                
Domestic   78.2%   77.3%   0.9 pts
Delta Mainline   80.3%   79.2%   1.1 pts
Regional   70.6%   70.7%   (0.1)pts
International   81.0%   77.8%   3.2 pts
Latin America   83.6%   80.6%   3.0 pts
Delta Mainline   83.8%   80.9%   2.9 pts
Regional   73.7%   62.1%   11.6 pts
Atlantic   77.5%   74.2%   3.3 pts
Pacific   84.1%   81.3%   2.8 pts
Total System   79.4%   77.5%   1.9 pts
                 
Mainline Completion   99.5%   99.4%   0.1 pts
Factor                
                 
Passengers Boarded   11,738,645    11,642,608    0.8% 
                 
Cargo Ton Miles (000):   175,124    174,193    0.5% 
                 
Endnote:                
a Results include flights operated under contract carrier arrangements.