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8-K - CURRENT REPORT ON FORM 8-K - DELTA AIR LINES, INC.delta_8k.htm
EX-99.1 - PRESENTATION - DELTA AIR LINES, INC.delta_8k-ex9901.htm

Exhibit 99.2

 

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 February 2013

 

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

 

Delta’s unit revenues for the month of February grew 5.0 percent vs. prior year. The unit revenue growth was driven by continued corporate revenue gains, increased load factor and improved trans-Atlantic performance.

 

Despite the impact of inclement weather, Delta completed 99.0 percent of its flights in February and ran an on-time arrival rate of 86.1 percent.

 

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

 

 

Preliminary Financial and Operating Results

 

February Consolidated PRASM change year over year 5.0%
Projected March quarter fuel price per gallon, adjusted $3.23-3.28
February On-time performance (preliminary DOT A14) 86.1%
February Mainline completion factor 99.0%

 

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 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; 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.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of March 4, 2013, and which we have no current intention to update

 

 
 

 

 

       

           

 

    Monthly Traffic Results (a)     Year to Date Traffic Results (a) 
    Feb 2013    Feb 2012    Change     Feb 2013    Feb 2012    Change 
                                  
RPMs (000):                                 
Domestic   7,685,779    7,967,017    (3.5%)     15,867,822    16,110,410    (1.5%) 
Delta Mainline   6,204,956    6,258,545    (0.9%)     12,803,968    12,697,835    0.8%  
Regional   1,480,823    1,708,472    (13.3%)     3,063,854    3,412,575    (10.2%) 
International   5,008,922    5,014,235    (0.1%)     10,732,752    10,780,778    (0.4%) 
Latin America   1,174,571    1,090,978    7.7%      2,456,300    2,266,933    8.4%  
    Delta Mainline   1,159,772    1,080,152    7.4%      2,421,640    2,242,445    8.0%  
    Regional   14,799    10,826    36.7%      34,660    24,488    41.5%  
Atlantic   1,987,721    2,180,403    (8.8%)     4,433,548    4,792,770    (7.5%) 
Pacific   1,846,630    1,742,854    6.0%      3,842,905    3,721,075    3.3%  
Total System   12,694,701    12,981,252    (2.2%)     26,600,575    26,891,188    (1.1%) 
                                  
ASMs (000):                                 
Domestic   9,552,211    10,019,071    (4.7%)     20,011,796    20,556,659    (2.7%) 
Delta Mainline   7,542,977    7,708,780    (2.2%)     15,759,272    15,836,936    (0.5%) 
Regional   2,009,234    2,310,291    (13.0%)     4,252,524    4,719,723    (9.9%) 
International   6,500,530    6,870,887    (5.4%)     13,563,497    14,286,434    (5.1%) 
Latin America   1,464,948    1,453,063    0.8%      2,997,483    2,911,926    2.9%  
    Delta Mainline   1,443,123    1,433,903    0.6%      2,948,692    2,870,777    2.7%  
    Regional   21,825    19,160    13.9%      48,791    41,149    18.6%  
Atlantic   2,844,038    3,233,374    (12.0%)     6,000,777    6,756,387    (11.2%) 
Pacific   2,191,545    2,184,450    0.3%      4,565,237    4,618,121    (1.1%) 
Total System   16,052,742    16,889,958    (5.0%)     33,575,293    34,843,093    (3.6%) 
                                  
Load Factor:                                 
Domestic   80.5%    79.5%    1.0 pts  79.3%    78.4%    0.9 pts
Delta Mainline   82.3%    81.2%    1.1 pts  81.2%    80.2%    1.0 pts
Regional   73.7%    74.0%    (0.3)pts  72.0%    72.3%    (0.3)pts
International   77.1%    73.0%    4.1 pts  79.1%    75.5%    3.6 pts
Latin America   80.2%    75.1%    5.1 pts  81.9%    77.8%    4.1 pts
    Delta Mainline   80.4%    75.3%    5.1 pts  82.1%    78.1%    4.0 pts
    Regional   67.8%    56.5%    11.3 pts  71.0%    59.5%    11.5 pts
Atlantic   69.9%    67.4%    2.5 pts  73.9%    70.9%    3.0 pts
Pacific   84.3%    79.8%    4.5 pts  84.2%    80.6%    3.6 pts
Total System   79.1%    76.9%    2.2 pts  79.2%    77.2%    2.0 pts
                                  
Mainline Completion   99.0%    99.7%    (0.7)pts               
Factor                                 
                                  
Passengers Boarded   11,106,695    11,431,057    (2.8%)     22,845,340    23,073,665    (1.0%) 
                                  
Cargo Ton Miles (000):   178,698    185,171    (3.5%)     353,822    359,364    (1.5%) 

 

Endnote:        

a Results include flights operated under contract carrier arrangements.