UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 2, 2015
DELTA AIR LINES, INC.
(Exact name
of registrant as specified in its charter)
Delaware |
001-05424 |
58-0218548 |
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
P.O. Box 20706, Atlanta, Georgia 30320-6001
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (404) 715-2600
Registrant’s Web site address: www.delta.com
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
[_] Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation
FD Disclosure.
Delta Air Lines, Inc. (“Delta”)
issued today a press release reporting August 2015 financial and operating results. The press release is attached as Exhibit 99.1
to this Form 8-K.
In accordance with general instruction B.2
of Form 8−K, the information in this report (including the exhibit) that is being furnished pursuant to Item 7.01 of Form
8−K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act, as amended,
or otherwise subject to liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as expressly set forth in such filing. This report will not be deemed an admission as
to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.
Statements in this Form 8-K and the attached
exhibit that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections
or strategies for the future, may be “forward-looking statements” as defined in the Private Securities Litigation Reform
Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results
to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested
by the forward-looking statements. These risks and uncertainties include, but are not limited to, the cost of aircraft fuel;
the availability of aircraft fuel; the impact of rebalancing our hedge portfolio, recording mark-to-market adjustments or posting
collateral in connection with our fuel hedge contracts; the possible effects of accidents involving our aircraft; the restrictions
that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions
or disruptions in service at one of our hub or gateway airports; disruptions or security breaches of our information technology
infrastructure; our dependence on technology in our operations; the effects of weather, natural disasters and seasonality on our
business; the effects of an extended disruption in services provided by third party regional carriers; failure or inability of
insurance to cover a significant liability at Monroe’s Trainer refinery; the impact of environmental regulation on the Trainer
refinery, including costs related to renewable fuel standard regulations; our ability to retain management and key employees; competitive
conditions in the airline industry; the effects of extensive government regulation on our business; the sensitivity of the airline
industry to prolonged periods of stagnant or weak economic conditions; the effects of terrorist attacks or geopolitical conflict;
and the effects of the rapid spread of contagious illnesses.
Additional information concerning risks
and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities
and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Caution
should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of September 2,
2015, and which we have no current intention to update.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
|
Exhibit 99.1 |
Press Release dated September 2, 2015 titled “Delta Reports Financial and Operating Performance for August 2015” |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
DELTA AIR LINES, INC. |
|
|
|
By: /s/ Paul A. Jacobson |
Date: September 2, 2015 |
Paul A. Jacobson
Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit Number |
Description |
|
|
|
Exhibit 99.1 |
Press Release dated September 2, 2015 titled “Delta Reports Financial and Operating Performance for August 2015” |
|
|
|
Exhibit 99.1
CONTACT: |
Corporate Communications |
|
404-715-2554 |
|
news archive at news.delta.com |
|
|
|
Investor Relations |
|
404-715-2170 |
Delta Reports Financial and Operating Performance
for August 2015
ATLANTA, September
2, 2015 – Delta Air Lines (NYSE: DAL) today reported financial and operating performance for August 2015.
Consolidated passenger unit revenue (PRASM) for the month of August
decreased 6.5 percent year over year, consistent with recent trends of pressure from foreign exchange, lower surcharges in international
markets, and yields in select domestic markets. In addition, unit revenues were negatively impacted by the timing of Labor Day holiday travel.
The company’s financial and operating performance is detailed
below.
Preliminary Financial and Operating Results
|
August consolidated PRASM change year over year |
(6.5%) |
August mainline completion factor |
99.8% |
August on-time performance (preliminary DOT A14) |
85.5% |
Delta Air Lines serves more than 170 million customers each year.
Delta was named to FORTUNE magazine’s top 50 World’s Most Admired Companies in addition to being named the most admired
airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey
for four consecutive years, a first for any airline. With an industry-leading global network, Delta and the Delta Connection carriers
offer service to 319 destinations in 58 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 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 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, Facebook.com/delta and Delta’s blog takingoff.delta.com.
|
|
|
Monthly Traffic Results (a) |
|
Year to Date Traffic Results (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug 2015 |
|
Aug 2014 |
|
Change |
|
Aug 2015 |
|
Aug 2014 |
|
Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RPMs (000): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic |
12,018,114 |
|
11,430,449 |
|
5.1% |
|
85,066,406 |
|
81,274,716 |
|
4.7% |
|
|
|
Delta Mainline |
10,135,660 |
|
9,502,652 |
|
6.7% |
|
71,093,594 |
|
66,814,862 |
|
6.4% |
|
|
|
Regional |
1,882,454 |
|
1,927,797 |
|
(2.4%) |
|
13,972,812 |
|
14,459,854 |
|
(3.4%) |
|
|
International |
8,801,007 |
|
8,604,079 |
|
2.3% |
|
57,624,884 |
|
56,670,045 |
|
1.7% |
|
|
|
Latin America |
1,718,316 |
|
1,640,123 |
|
4.8% |
|
13,508,885 |
|
12,610,785 |
|
7.1% |
|
|
|
Delta Mainline |
1,682,479 |
|
1,612,799 |
|
4.3% |
|
13,249,839 |
|
12,360,804 |
|
7.2% |
|
|
|
Regional |
35,837 |
|
27,324 |
|
31.2% |
|
259,046 |
|
249,981 |
|
3.6% |
|
|
|
Atlantic |
4,647,969 |
|
4,556,781 |
|
2.0% |
|
27,632,267 |
|
27,387,642 |
|
0.9% |
|
|
|
Pacific |
2,434,722 |
|
2,407,175 |
|
1.1% |
|
16,483,732 |
|
16,671,618 |
|
(1.1%) |
|
|
Total System |
20,819,121 |
|
20,034,528 |
|
3.9% |
|
142,691,290 |
|
137,944,761 |
|
3.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASMs (000): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic |
13,821,764 |
|
13,109,666 |
|
5.4% |
|
98,889,758 |
|
94,477,936 |
|
4.7% |
|
|
|
Delta Mainline |
11,535,502 |
|
10,739,107 |
|
7.4% |
|
81,550,771 |
|
76,425,413 |
|
6.7% |
|
|
|
Regional |
2,286,261 |
|
2,370,559 |
|
(3.6%) |
|
17,338,987 |
|
18,052,523 |
|
(4.0%) |
|
|
International |
10,013,075 |
|
9,756,925 |
|
2.6% |
|
69,244,511 |
|
66,925,773 |
|
3.5% |
|
|
|
Latin America |
1,995,461 |
|
1,909,225 |
|
4.5% |
|
16,271,207 |
|
14,999,257 |
|
8.5% |
|
|
|
Delta Mainline |
1,953,130 |
|
1,874,524 |
|
4.2% |
|
15,941,888 |
|
14,670,960 |
|
8.7% |
|
|
|
Regional |
42,332 |
|
34,701 |
|
22.0% |
|
329,319 |
|
328,297 |
|
0.3% |
|
|
|
Atlantic |
5,341,868 |
|
5,136,100 |
|
4.0% |
|
33,808,793 |
|
32,262,033 |
|
4.8% |
|
|
|
Pacific |
2,675,746 |
|
2,711,600 |
|
(1.3%) |
|
19,164,511 |
|
19,664,483 |
|
(2.5%) |
|
|
Total System |
23,834,839 |
|
22,866,591 |
|
4.2% |
|
168,134,269 |
|
161,403,709 |
|
4.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Load Factor: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic |
87.0% |
|
87.2% |
|
(0.2) |
pts |
86.0% |
|
86.0% |
|
0.0 |
pts |
|
|
Delta Mainline |
87.9% |
|
88.5% |
|
(0.6) |
pts |
87.2% |
|
87.4% |
|
(0.2) |
pts |
|
|
Regional |
82.3% |
|
81.3% |
|
1.0 |
pts |
80.6% |
|
80.1% |
|
0.5 |
pts |
|
International |
87.9% |
|
88.2% |
|
(0.3) |
pts |
83.2% |
|
84.7% |
|
(1.5) |
pts |
|
|
Latin America |
86.1% |
|
85.9% |
|
0.2 |
pts |
83.0% |
|
84.1% |
|
(1.1) |
pts |
|
|
Delta Mainline |
86.1% |
|
86.0% |
|
0.1 |
pts |
83.1% |
|
84.3% |
|
(1.2) |
pts |
|
|
Regional |
84.7% |
|
78.7% |
|
6.0 |
pts |
78.7% |
|
76.1% |
|
2.6 |
pts |
|
|
Atlantic |
87.0% |
|
88.7% |
|
(1.7) |
pts |
81.7% |
|
84.9% |
|
(3.2) |
pts |
|
|
Pacific |
91.0% |
|
88.8% |
|
2.2 |
pts |
86.0% |
|
84.8% |
|
1.2 |
pts |
|
Total System |
87.3% |
|
87.6% |
|
(0.3) |
pts |
84.9% |
|
85.5% |
|
(0.6) |
pts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mainline Completion Factor |
99.8% |
|
99.6% |
|
0.2 |
pts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passengers Boarded |
16,859,924 |
|
16,117,881 |
|
4.6% |
|
120,609,498 |
|
115,623,475 |
|
4.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cargo Ton Miles (000): |
184,632 |
|
213,754 |
|
(13.6%) |
|
1,472,804 |
|
1,551,159 |
|
(5.1%) |
|
a Results include flights
operated under contract carrier arrangements
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Apr 2023 to Apr 2024