DELTA AIR LINES, INC. ATLANTA, Jan. 4, 2017 Delta Air Lines (NYSE: DAL) today reported financial and operating performance for December 2016.
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Consolidated passenger unit revenue (PRASM) for the month of December was flat year over year, driven by strong demand trends and improving close-in domestic yields as Delta's capacity actions and revenue management strategies continue to benefit results.
In an Investor Update issued this morning, Delta announced that it now expects unit revenue to decline 2.5-3.0% for the December quarter given the better than expected result for the month of December.
The company's financial and operating performance is detailed below.
Preliminary Financial and Operating Results
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December consolidated PRASM
change year over year Flat
December mainline completion
factor 99.8%
December on-time performance
(preliminary DOT A14) 81.4%
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 six consecutive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 323 destinations in 57 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.
Monthly Traffic Results (a) Year to Date Traffic Results (a)
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Dec 2016 Dec 2015 Change Dec 2016 Dec 2015 Change
-------- -------- ------ -------- -------- ------
RPMs (000):
Domestic 10,636,872 10,195,541 4.3% 130,780,386 126,298,054 3.5%
Delta Mainline 8,870,856 8,499,784 4.4% 109,948,769 105,455,123 4.3%
Regional 1,766,016 1,695,757 4.1% 20,831,617 20,842,931 (0.1%)
International 6,163,170 6,183,709 (0.3%) 82,308,456 83,327,226 (1.2%)
Latin America 1,837,398 1,691,067 8.7% 19,777,850 19,004,253 4.1%
Delta Mainline 1,795,684 1,644,213 9.2% 19,231,852 18,587,261 3.5%
Regional 41,715 46,854 (11.0%) 545,998 416,992 30.9%
Atlantic 2,656,911 2,687,898 (1.2%) 39,748,409 40,437,285 (1.7%)
Pacific 1,668,861 1,804,744 (7.5%) 22,782,196 23,885,688 (4.6%)
Total System 16,800,042 16,379,250 2.6% 213,088,842 209,625,280 1.7%
ASMs (000):
Domestic 12,385,749 11,980,819 3.4% 153,337,821 146,899,201 4.4%
Delta Mainline 10,235,778 9,882,013 3.6% 127,433,151 121,094,946 5.2%
Regional 2,149,971 2,098,806 2.4% 25,904,671 25,804,255 0.4%
International 7,312,212 7,422,953 (1.5%) 98,517,727 99,864,587 (1.3%)
Latin America 2,182,224 2,052,160 6.3% 23,296,894 22,966,274 1.4%
Delta Mainline 2,127,823 1,992,912 6.8% 22,607,753 22,435,424 0.8%
Regional 54,402 59,248 (8.2%) 689,141 530,850 29.8%
Atlantic 3,203,215 3,293,342 (2.7%) 49,249,067 49,095,568 0.3%
Pacific 1,926,773 2,077,451 (7.3%) 25,971,766 27,802,745 (6.6%)
Total System 19,697,961 19,403,772 1.5% 251,855,548 246,763,788 2.1%
Load Factor:
Domestic 85.9% 85.1% 0.8 pts 85.3% 86.0% (0.7) pts
Delta Mainline 86.7% 86.0% 0.7 pts 86.3% 87.1% (0.8) pts
Regional 82.1% 80.8% 1.3 pts 80.4% 80.8% (0.4) pts
International 84.3% 83.3% 1.0 pts 83.5% 83.4% 0.1 pts
Latin America 84.2% 82.4% 1.8 pts 84.9% 82.7% 2.2 pts
Delta Mainline 84.4% 82.5% 1.9 pts 85.1% 82.8% 2.3 pts
Regional 76.7% 79.1% (2.4) pts 79.2% 78.6% 0.6 pts
Atlantic 82.9% 81.6% 1.3 pts 80.7% 82.4% (1.7) pts
Pacific 86.6% 86.9% (0.3) pts 87.7% 85.9% 1.8 pts
Total System 85.3% 84.4% 0.9 pts 84.6% 84.9% (0.3) pts
Mainline Completion Factor 99.8% 99.8% 0.0 pts
Passengers Boarded 14,662,236 14,256,852 2.8% 183,741,787 179,394,417 2.4%
Cargo Ton Miles (000): 164,988 170,956 (3.5%) 1,980,210 2,192,785 (9.7%)
aResults include flights operated under contract carrier arrangements
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SOURCE Delta Air Lines
