Delta Air Lines (DAL) PRASM Fell 6.5% in Oct. 2016

November 2, 2016 9:04 AM EDT

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Delta Air Lines (NYSE: DAL) reported financial and operating performance for October 2016.

Consolidated passenger unit revenue (PRASM) for the month of October declined 6.5% year over year, in-line with expectations. The company continued to see stabilization of close-in domestic yields in October, while results were pressured by the supply-demand imbalance in the Transatlantic and a ~2 point headwind from holiday timing.

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

Preliminary Financial and Operating Results

October consolidated PRASM change year over year

(6.5)%

October mainline completion factor

99.4%

October on-time performance (preliminary DOT A14)

92.1%

Monthly Traffic Results (a)

Year to Date Traffic Results (a)

Oct 2016

Oct 2015

Change

Oct 2016

Oct 2015

Change

RPMs (000):

Domestic

11,074,467

10,919,236

1.4%

109,672,804

106,018,825

3.4%

Delta Mainline

9,276,173

9,087,736

2.1%

92,307,797

88,564,128

4.2%

Regional

1,798,293

1,831,500

(1.8%)

17,365,007

17,454,697

(0.5%)

International

6,500,307

6,715,074

(3.2%)

71,005,238

71,667,228

(0.9%)

Latin America

1,292,562

1,293,338

(0.1%)

16,629,295

16,012,222

3.9%

Delta Mainline

1,252,902

1,256,476

(0.3%)

16,162,738

15,680,674

3.1%

Regional

39,660

36,862

7.6%

466,557

331,548

40.7%

Atlantic

3,389,437

3,546,296

(4.4%)

34,757,052

35,214,730

(1.3%)

Pacific

1,818,309

1,875,440

(3.0%)

19,618,890

20,440,276

(4.0%)

Total System

17,574,774

17,634,310

(0.3%)

180,678,042

177,686,053

1.7%

ASMs (000):

Domestic

12,739,425

12,426,850

2.5%

128,913,084

123,146,459

4.7%

Delta Mainline

10,550,738

10,226,577

3.2%

107,223,561

101,538,326

5.6%

Regional

2,188,687

2,200,273

(0.5%)

21,689,524

21,608,133

0.4%

International

7,909,833

7,867,831

0.5%

84,877,941

85,713,494

(1.0%)

Latin America

1,506,192

1,564,807

(3.7%)

19,598,762

19,323,763

1.4%

Delta Mainline

1,453,678

1,517,294

(4.2%)

19,014,575

18,901,506

0.6%

Regional

52,514

47,513

10.5%

584,187

422,257

38.3%

Atlantic

4,285,822

4,117,636

4.1%

43,000,165

42,590,630

1.0%

Pacific

2,117,820

2,185,388

(3.1%)

22,279,014

23,799,101

(6.4%)

Total System

20,649,258

20,294,681

1.7%

213,791,025

208,859,953

2.4%

Load Factor:

Domestic

86.9%

87.9%

(1.0)

pts

85.1%

86.1%

(1.0)

pts

Delta Mainline

87.9%

88.9%

(1.0)

pts

86.1%

87.2%

(1.1)

pts

Regional

82.2%

83.2%

(1.0)

pts

80.1%

80.8%

(0.7)

pts

International

82.2%

85.3%

(3.1)

pts

83.7%

83.6%

0.1

pts

Latin America

85.8%

82.7%

3.1

pts

84.8%

82.9%

1.9

pts

Delta Mainline

86.2%

82.8%

3.4

pts

85.0%

83.0%

2.0

pts

Regional

75.5%

77.6%

(2.1)

pts

79.9%

78.5%

1.4

pts

Atlantic

79.1%

86.1%

(7.0)

pts

80.8%

82.7%

(1.9)

pts

Pacific

85.9%

85.8%

0.1

pts

88.1%

85.9%

2.2

pts

Total System

85.1%

86.9%

(1.8)

pts

84.5%

85.1%

(0.6)

pts

Mainline Completion Factor

99.4%

100.0%

(0.6)

pts

Passengers Boarded

15,710,418

15,621,451

0.6%

154,415,389

150,780,612

2.4%

Cargo Ton Miles (000):

181,214

192,505

(5.9%)

1,655,312

1,849,762

(10.5%)



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