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Delta reports financial and operating performance for February 2014

DLA
DLA
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Delta Air Lines (NYSE: DAL) today reported financial and operating performance for February 2014.

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Delta Air Lines (NYSE: DAL) today reported financial and operating performance for February 2014.

Consolidated passenger unit revenue (PRASM) for the month of February increased 4.0% year over year driven by continuing strong domestic demand and gains in the trans-Atlantic entity. As a result of winter storms, Delta cancelled nearly 8,000 flights during the month. February’s PRASM includes 0.5 points of benefit from these weather-related cancellations.

Delta completed 95.5 percent of its flights in February and ran an on-time arrival rate of 77.5 percent.

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

Preliminary Financial and Operating Results

February consolidated PRASM change year over year
4.0%
Projected March quarter fuel price per gallon, adjusted
$2.99 – $3.04
February mainline completion factor
95.5%
February on-time performance (preliminary DOT A14)
77.5%
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 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 top 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 324 destinations in 59 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 hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City 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.

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About the author

editor

Editor in chief is Linda Hohnholz.