Delta Air Lines (NYSE: DAL) today reported financial and operating performance for January 2014.
Consolidated passenger unit revenue (PRASM) for the month of January increased 5.0% year over year driven by continuing strong domestic demand and corporate revenue gains. As a result of recent severe weather from Winter Storm Leon, Delta cancelled nearly 4,000 flights primarily at its hub in Atlanta. January’s PRASM includes 0.5 point of benefit from these weather-related cancellations.
„Delta’s employees are the best in the business, and I want thank them for their hard work and dedication during a major winter weather event,” said Richard Anderson, Delta’s CEO. „Despite the challenges of the weather, especially in Atlanta, Delta people remained committed to taking care of our customers.”
The company’s financial and operating performance is detailed below.
Preliminary Financial and Operating Results
January consolidated PRASM change year over year
Projected March quarter fuel price per gallon, adjusted
$2.99 – $3.04
January mainline completion factor
January on-time performance (preliminary DOT A14)
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 Air Lines