Delta Reports Financial and Operating Performance for December 2014
OREANDA-NEWS. Delta Air Lines (NYSE: DAL) today reported financial and operating performance for December 2014.
Consolidated passenger unit revenue (PRASM) for the month of December decreased 4.5 percent year over year, as the calendar placement of Thanksgiving and Christmas shifted a portion of holiday travel into neighboring months. Atlanta and Seattle continued their strong performance in domestic markets in December. The month's performance resulted in ~1 percent unit revenue increase for the December quarter.
Delta's solid operating performance continued through December, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 88.9 percent.
The company's financial and operating performance is detailed below.
Preliminary Financial and Operating Results
December consolidated PRASM change year over year (4.5)%
Projected December quarter fuel price per gallon, adjusted USD 2.59 - USD 2.64
December mainline completion factor 99.9%
December on-time performance (preliminary DOT A14) 88.9%
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. Delta was named the 2014 Airline of the Year by Air Transport World magazine and was named to FORTUNE magazine's 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 327 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 key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle 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.
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