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Delta Reports Financial and Operating Performance for October 2016
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PR Newswire 2-Nov-2016 9:00 AM
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ATLANTA, Nov. 2, 2016 /PRNewswire/ --Delta Air Lines (NYSE: DAL) today reported financial and operating performance for October 2016.
Consolidated passenger unit revenue (PRASM) for the month of October declined 6.5% year over year, in-line with expectations. The company continued to see stabilization of close-in domestic yields in October, while results were pressured by the supply-demand imbalance in the Transatlantic and a ~2 point headwind from holiday timing.
The company's financial and operating performance is detailed below.
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Preliminary Financial and Operating Results
October consolidated PRASM change year over year (6.5)%
October mainline completion factor 99.4%
October on-time performance (preliminary DOT A14) 92.1%
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Delta Air Lines serves nearly 180 million customers each year. In 2016, Delta was named to Fortune's top 50 Most Admired Companies in addition to being named the most admired airline for the fifth time in six years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented five consecutive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 312 destinations in 54 countries on six continents. Headquartered in Atlanta, Delta employs more than 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 transatlanticjoint 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 and LaGuardia, London-Heathrow, 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, and Facebook.com/delta.
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Monthly Traffic Results (a) Year to Date Traffic Results (a)
Oct 2016 Oct 2015 Change Oct 2016 Oct 2015 Change
RPMs (000):
Domestic 11,074,467 10,919,236 1.4% 109,672,804 106,018,825 3.4%
Delta Mainline 9,276,173 9,087,736 2.1% 92,307,797 88,564,128 4.2%
Regional 1,798,293 1,831,500 (1.8%) 17,365,007 17,454,697 (0.5%)
International 6,500,307 6,715,074 (3.2%) 71,005,238 71,667,228 (0.9%)
Latin America 1,292,562 1,293,338 (0.1%) 16,629,295 16,012,222 3.9%
Delta Mainline 1,252,902 1,256,476 (0.3%) 16,162,738 15,680,674 3.1%
Regional 39,660 36,862 7.6% 466,557 331,548 40.7%
Atlantic 3,389,437 3,546,296 (4.4%) 34,757,052 35,214,730 (1.3%)
Pacific 1,818,309 1,875,440 (3.0%) 19,618,890 20,440,276 (4.0%)
Total System 17,574,774 17,634,310 (0.3%) 180,678,042 177,686,053 1.7%
ASMs (000):
Domestic 12,739,425 12,426,850 2.5% 128,913,084 123,146,459 4.7%
Delta Mainline 10,550,738 10,226,577 3.2% 107,223,561 101,538,326 5.6%
Regional 2,188,687 2,200,273 (0.5%) 21,689,524 21,608,133 0.4%
International 7,909,833 7,867,831 0.5% 84,877,941 85,713,494 (1.0%)
Latin America 1,506,192 1,564,807 (3.7%) 19,598,762 19,323,763 1.4%
Delta Mainline 1,453,678 1,517,294 (4.2%) 19,014,575 18,901,506 0.6%
Regional 52,514 47,513 10.5% 584,187 422,257 38.3%
Atlantic 4,285,822 4,117,636 4.1% 43,000,165 42,590,630 1.0%
Pacific 2,117,820 2,185,388 (3.1%) 22,279,014 23,799,101 (6.4%)
Total System 20,649,258 20,294,681 1.7% 213,791,025 208,859,953 2.4%
Load Factor:
Domestic 86.9% 87.9% (1.0) pts 85.1% 86.1% (1.0) pts
Delta Mainline 87.9% 88.9% (1.0) pts 86.1% 87.2% (1.1) pts
Regional 82.2% 83.2% (1.0) pts 80.1% 80.8% (0.7) pts
International 82.2% 85.3% (3.1) pts 83.7% 83.6% 0.1 pts
Latin America 85.8% 82.7% 3.1 pts 84.8% 82.9% 1.9 pts
Delta Mainline 86.2% 82.8% 3.4 pts 85.0% 83.0% 2.0 pts
Regional 75.5% 77.6% (2.1) pts 79.9% 78.5% 1.4 pts
Atlantic 79.1% 86.1% (7.0) pts 80.8% 82.7% (1.9) pts
Pacific 85.9% 85.8% 0.1 pts 88.1% 85.9% 2.2 pts
Total System 85.1% 86.9% (1.8) pts 84.5% 85.1% (0.6) pts
Mainline Completion Factor 99.4% 100.0% (0.6) pts
Passengers Boarded 15,710,418 15,621,451 0.6% 154,415,389 150,780,612 2.4%
Cargo Ton Miles (000): 181,214 192,505 (5.9%) 1,655,312 1,849,762 (10.5%)
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-october-2016-300355675.html
SOURCE Delta Air Lines