Published on : Wednesday, February 5, 2014
Delta Air Lines 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 5.0%
Projected March quarter fuel price per gallon, adjusted $2.99 – $3.04
January mainline completion factor 95.3%
January on-time performance (preliminary DOT A14) 70.2%
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. This year, Delta was named the 2014 Airline of the Year by Air Transport World magazine, marking the first time in a decade that a North American-based carrier has earned the distinction. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 322 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 hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Delta has invested billions of dollars in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground.
Source:- Delta Airlines
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