Delta Air Lines (DAL) Issues Investors Update on Sept Qtr and Full Year

September 14, 2009 8:46 AM EDT

Today, Delta Air Lines (NYSE: DAL) issued an investor update for the September quarter and full year 2009.

Commenting on Advanced Revenues Trends the company highlighted:

• System load factors for September and October 2009 are expected to be approximately 82%, which is in line to slightly above last year’s levels.
  
• System yields for September - December 2009 are expected to be 11-14% lower than the same period last year. Yield pressure is being driven by the prior year period’s fare/surcharge peak related to fuel, the effect of which should lessen throughout the December 2009 quarter.
  
• The company expects that its year over year RASM decline for the September 2009 quarter will be a slight improvement over the June 2009 quarter year over year change. The December 2009 quarter RASM change is currently forecasted to be approximately 10 points better than the September 2009 quarter change.

On Key Financial Metrics the company highlighted:

• Operating margin: 3-4% for Sept Qtr and 'Breakeven' for FY09
  
• Consolidated fuel price, net of realized hedges: $2.14 for Sept Qtr and $2.13 for FY09
  
• EBITDAR Margin: 9-10% for Sept Qtr and 6-8% for FY09

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