Delta Reports Financial and Operating Performance for November 2013

Delta Air Lines (NYSE: DAL) today reported financial and operating performance for November 2013.

Consolidated passenger unit revenue (PRASM) for the month of November decreased 3.0 percent year over year driven by the calendar placement of the Thanksgiving holiday, which added an extra week of off-peak travel in the month and shifted Thanksgiving return traffic into December.  Overall demand for Thanksgiving travel was especially strong, with more than 2.6 million passengers traveling over the holiday period.  With the Thanksgiving travel shift and solid bookings for the remainder of the year, Delta is currently forecasting its unit revenues to increase 7 – 9 percent year over year for the month of December.

Delta completed 99.9 percent of its flights in November and ran an on-time arrival rate of 88.3 percent.

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

Preliminary Financial and Operating Results
November consolidated PRASM change year over year (3.0%)
Projected December quarter fuel price per gallon, adjusted $3.03 – $3.08
November mainline completion factor 99.9%
November on-time performance (preliminary DOT A14) 88.3%

Note: Fuel price includes taxes, transportation, settled hedges, hedge premiums and refinery impact, but excludes mark to market adjustments on open hedges.

Source / Author: Delta Airlines