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Delta Reports Financial and Operating Performance for November 2015

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ATLANTA, Dec. 2, 2015 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for November 2015.

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 November increased 1.5% year over year, as Delta's winter capacity actions continue to benefit results. The calendar timing of the Thanksgiving holiday was a 2 point benefit, while foreign exchange was a 2 point headwind in the month.

Passenger unit revenue (PRASM) for the December quarter is projected to be at the high end of the guidance range of down 2.5% - 4.5%, provided on the September quarter earnings call.  Delta's projected December quarter fuel price of $1.82 - $1.87 includes $0.06 of early hedge settlements during the quarter.

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

Preliminary Financial and Operating Results

November consolidated PRASM change year over year

1.5%

Projected December quarter fuel price per gallon, adjusted

$1.82 - $1.87

November mainline completion factor

99.97%

November on-time performance (preliminary DOT A14)

89.5%



- Note: Projected fuel price of $1.82 - $1.87 includes taxes, transportation, settled hedges, hedge premiums and refinery contribution and is adjusted for MTM adjustments and settlements.

Delta Air Lines serves more than 170 million customers each year. Delta was named to FORTUNE magazine's top 50 World's Most Admired Companies in addition to being named the most admired airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for four consecutive years, a first for any airline. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 327 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 800 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 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 and services, and technology to enhance the customer experience in the air and on the ground. Additional information is available on the Delta News Hub, as well as delta.com, Twitter @DeltaNewsHub, 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 rebalancing our hedge portfolio, recording mark-to-market adjustments or posting collateral in connection with our fuel hedge contracts; the possible effects of accidents involving our aircraft; 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 or gateway airports; disruptions or security breaches of our information technology infrastructure; our dependence on technology in our operations; 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 Monroe's 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 sensitivity of the airline industry to prolonged periods of stagnant or weak economic conditions; the effects of terrorist attacks or geopolitical conflict; and the effects of the rapid spread of contagious illnesses.  

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, 2014.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of December 2, 2015, and which we have no current intention to update.

 




Monthly Traffic Results (a)


Year to Date Traffic Results (a)



































Nov 2015


Nov 2014


Change


Nov 2015


Nov 2014


Change

















RPMs (000):















Domestic

10,078,416


9,278,115


8.6%


116,095,776


110,484,628


5.1%




Delta Mainline

8,386,919


7,641,943


9.7%


96,952,577


90,847,409


6.7%




Regional

1,691,497


1,636,172


3.4%


19,143,199


19,637,219


(2.5%)



International

5,476,085


5,597,469


(2.2%)


77,135,771


76,324,859


1.1%




Latin America

1,299,260


1,310,488


(0.9%)


17,296,612


16,417,385


5.4%




Delta Mainline

1,260,670


1,276,551


(1.2%)


16,926,505


16,082,405


5.2%




       Regional

38,590


33,937


13.7%


370,107


334,980


10.5%




Atlantic

2,536,158


2,536,743


(0.0%)


37,759,852


37,407,703


0.9%




Pacific

1,640,667


1,750,238


(6.3%)


22,079,307


22,499,771


(1.9%)



Total System

15,554,501


14,875,584


4.6%


193,231,546


186,809,487


3.4%
































ASMs (000):















Domestic

11,771,796


11,298,018


4.2%


134,913,002


129,501,100


4.2%




Delta Mainline

9,674,961


9,144,899


5.8%


111,211,780


104,779,344


6.1%




Regional

2,096,835


2,153,119


(2.6%)


23,701,222


24,721,756


(4.1%)



International

6,728,149


7,142,446


(5.8%)


92,441,752


90,915,898


1.7%




Latin America

1,588,308


1,645,944


(3.5%)


20,895,996


19,728,965


5.9%




Delta Mainline

1,538,964


1,597,919


(3.7%)


20,424,397


19,281,166


5.9%




       Regional

49,344


48,025


2.7%


471,599


447,799


5.3%




Atlantic

3,213,649


3,290,050


(2.3%)


45,820,562


44,223,335


3.6%




Pacific

1,926,192


2,206,452


(12.7%)


25,725,194


26,963,598


(4.6%)



Total System

18,499,946


18,440,464


0.3%


227,354,754


220,416,998


3.1%
































Load Factor:















Domestic

85.6%


82.1%


3.5

pts

86.1%


85.3%


0.8

pts



Delta Mainline

86.7%


83.6%


3.1

pts

87.2%


86.7%


0.5

pts



Regional

80.7%


76.0%


4.7

pts

80.8%


79.4%


1.4

pts


International

81.4%


78.4%


3.0

pts

83.4%


84.0%


(0.6)

pts



Latin America

81.8%


79.6%


2.2

pts

82.8%


83.2%


(0.4)

pts



Delta Mainline

81.9%


79.9%


2.0

pts

82.9%


83.4%


(0.5)

pts



       Regional

78.2%


70.7%


7.5

pts

78.5%


74.8%


3.7

pts



Atlantic

78.9%


77.1%


1.8

pts

82.4%


84.6%


(2.2)

pts



Pacific

85.2%


79.3%


5.9

pts

85.8%


83.4%


2.4

pts


Total System

84.1%


80.7%


3.4

pts

85.0%


84.8%


0.2

pts
















Mainline Completion Factor

100.0%


99.9%


0.1

pts






















Passengers Boarded

14,351,296


13,275,153


8.1%


165,126,022


157,682,776


4.7%
































Cargo Ton Miles (000):

171,975


195,902


(12.2%)


2,019,438


2,169,571


(6.9%)

















aResults include flights operated under contract carrier arrangements





 

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/delta-reports-financial-and-operating-performance-for-november-2015-300186831.html

SOURCE Delta Air Lines

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