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Delta Air Lines reports profit growth in 2Q2013 and 1H2013, expects demand to remain 'solid'

26-Jul-2013 3:52 PM

Delta Air Lines revenue stable – financial highlights:

  • Three months ended 30-Jun-2013:
    • Total operating revenue: USD9707 million, -0.3% year-on-year;
      • Passenger: USD8494 million, +1%;
      • Cargo: USD232 million, -11%;
    • Total operating costs: USD8793 million, -8%;
      • Fuel: USD2595 million, -21%;
      • Labour: USD1922 million, +5%;
    • Operating profit: USD914 million, +582%;
    • Net profit: USD685 million, compared to a loss of USD168 million in p-c-p;
    • Passenger traffic (RPMs): +1%;
    • Passenger load factor: 84.8%, -0.3 ppt;
    • Passenger yield: USD 16.73 cents, +0.2%;
    • Passenger revenue per ASM: USD 14.19 cents, -0.1%;
    • Operating cost per ASM: USD 14.69 cents, -9%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD18,207 million, +0.3%;
      • Passenger: USD15,814 million, +1%;
      • Cargo: USD470 million, -7%;
    • Total operating costs: USD17,071 million, -3%;
      • Fuel: USD4884 million, -12%;
      • Labour: USD3833 million, +7%;
    • Operating profit: USD1136 million, +120%;
    • Net profit: USD692 million, compared to a loss of USD44 million in p-c-p;
    • Passenger traffic: stable;
    • Passenger load factor: 83.1%, +0.6 ppt;
    • Passenger yield: USD 16.85 cents, +1%;
    • Passenger revenue per ASM: USD 14.01 cents, +2%;
    • Operating cost per ASM: USD 15.12 cents, -2%;
    • Total assets: USD45,772 million;
    • Cash and cash equivalents: USD2965 million. [more - original PR]

Delta Air Lines: “The combination of strong operational performance and the success of our revenue and sales initiatives once again allowed Delta to outperform the industry in the second quarter. Looking forward, we expect demand trends to remain solid which will lead to continued margin expansion against a backdrop of lower year-over-year fuel prices,” Ed Bastian, President. Source: Company statement, 24-Jul-203.