Delta Reports Financial and Operating Performance for October 2016
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
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October consolidated PRASM change year over year |
(6.5)% |
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October mainline completion factor |
99.4% |
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October on-time performance (preliminary DOT A14) |
92.1% |
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 transatlantic 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 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) |
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Oct 2016 |
Oct 2015 |
Change |
Oct 2016 |
Oct 2015 |
Change |
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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%) |
||||
|
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%) |
||||
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Total System |
17,574,774 |
17,634,310 |
(0.3%) |
180,678,042 |
177,686,053 |
1.7% |
||||
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ASMs (000): |
||||||||||
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Domestic |
12,739,425 |
12,426,850 |
2.5% |
128,913,084 |
123,146,459 |
4.7% |
||||
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Delta Mainline |
10,550,738 |
10,226,577 |
3.2% |
107,223,561 |
101,538,326 |
5.6% |
||||
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Regional |
2,188,687 |
2,200,273 |
(0.5%) |
21,689,524 |
21,608,133 |
0.4% |
||||
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International |
7,909,833 |
7,867,831 |
0.5% |
84,877,941 |
85,713,494 |
(1.0%) |
||||
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1,506,192 |
1,564,807 |
(3.7%) |
19,598,762 |
19,323,763 |
1.4% |
|||||
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Delta Mainline |
1,453,678 |
1,517,294 |
(4.2%) |
19,014,575 |
18,901,506 |
0.6% |
||||
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Regional |
52,514 |
47,513 |
10.5% |
584,187 |
422,257 |
38.3% |
||||
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Atlantic |
4,285,822 |
4,117,636 |
4.1% |
43,000,165 |
42,590,630 |
1.0% |
||||
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Pacific |
2,117,820 |
2,185,388 |
(3.1%) |
22,279,014 |
23,799,101 |
(6.4%) |
||||
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Total System |
20,649,258 |
20,294,681 |
1.7% |
213,791,025 |
208,859,953 |
2.4% |
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Load Factor: |
||||||||||
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Domestic |
86.9% |
87.9% |
(1.0) |
pts |
85.1% |
86.1% |
(1.0) |
pts |
||
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Delta Mainline |
87.9% |
88.9% |
(1.0) |
pts |
86.1% |
87.2% |
(1.1) |
pts |
||
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Regional |
82.2% |
83.2% |
(1.0) |
pts |
80.1% |
80.8% |
(0.7) |
pts |
||
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International |
82.2% |
85.3% |
(3.1) |
pts |
83.7% |
83.6% |
0.1 |
pts |
||
|
85.8% |
82.7% |
3.1 |
pts |
84.8% |
82.9% |
1.9 |
pts |
|||
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Delta Mainline |
86.2% |
82.8% |
3.4 |
pts |
85.0% |
83.0% |
2.0 |
pts |
||
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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 |
||
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Total System |
85.1% |
86.9% |
(1.8) |
pts |
84.5% |
85.1% |
(0.6) |
pts |
||
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Mainline Completion Factor |
99.4% |
100.0% |
(0.6) |
pts |
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Passengers Boarded |
15,710,418 |
15,621,451 |
0.6% |
154,415,389 |
150,780,612 |
2.4% |
||||
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Cargo Ton Miles (000): |
181,214 |
192,505 |
(5.9%) |
1,655,312 |
1,849,762 |
(10.5%) |
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aResults include flights operated under contract carrier arrangements |
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