Delta Air Lines (NYSE:DAL) Deliver Strong Results

Delta Air Lines (NYSE:DAL) Deliver Strong Results

Delta Air Lines (NYSE:DAL) Deliver Strong Results

Delta Air Lines (NYSE: DAL) today reported operating performance for September 2018. The company carried 15.2 million customers across its broad global network, a record for the month of September.

Monthly highlights include:

  • Achieving 97 days year to date without a single cancellation across combined mainline and Delta Connection operations, exceeding Delta’s previous full-year record in the first nine months of this year.
  • Announcing the launch of the first biometric terminal in the U.S., transforming the customer journey with a seamless travel experience through the Maynard H. Jackson International Terminal in Atlanta.
  • Earning a spot in the transportation section of the Dow Jones Sustainability North America Index for the eighth consecutive year, as the first U.S. airline to offer carbon offsets to customers and the only airline to cap greenhouse gas emissions at 2012 levels through the purchase of carbon offsets.
  • Receiving certification as a great workplace by the independent analysts at Great Place to Work for the third straight year, with 93 percent of employees proud to work for Delta, reiterating the importance of the Delta culture.

The company’s operating performance is detailed in the table below.

Delta Air Lines serves more than 180 million customers each year. In 2018, Delta was named to Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the seventh time in eight years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented seven consecutive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 304 destinations in 52 countries on six continents. Headquartered in Atlanta, Delta employs more than 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry’s leading transatlantic 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, Mexico City, Minneapolis/St. Paul, New York-JFK and LaGuardia, LondonHeathrow, Paris-Charles de Gaulle, Salt Lake City, São Paulo, Seattle, Seoul, and TokyoNarita. 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 and Facebook.com/delta.

Monthly Traffic Results

Year to Date Traffic Results

Sep 2018

Sep 2017

Change

Sep 2018

Sep 2017

Change

RPMs (000):

Domestic

11,100,317

10,526,699

5.4%

106,885,801

101,865,222

4.9%

International

7,209,360

7,127,900

1.1%

65,112,999

64,667,361

0.7%

Latin America

1,232,469

1,212,586

1.6%

15,629,210

16,045,843

(2.6%)

Atlantic

4,280,715

4,144,444

3.3%

34,005,009

32,833,999

3.6%

Pacific

1,696,177

1,770,870

(4.2%)

15,478,780

15,787,519

(2.0%)

Total System

18,309,678

17,654,599

3.7%

171,998,800

166,532,583

3.3%

ASMs (000):

Domestic

13,403,325

12,591,574

6.4%

125,144,428

118,918,939

5.2%

International

8,497,513

8,331,622

2.0%

75,696,415

75,346,467

0.5%

Latin America

1,506,808

1,428,762

5.5%

18,131,930

18,389,910

(1.4%)

Atlantic

4,946,856

4,829,936

2.4%

39,729,278

38,703,515

2.7%

Pacific

2,043,850

2,072,924

(1.4%)

17,835,208

18,253,042

(2.3%)

Total System

21,900,839

20,923,196

4.7%

200,840,843

194,265,406

3.4%

Load Factor:

Domestic

82.8%

83.6%

 (0.8) Pts

85.4%

85.7%

 (0.3) Pts

International

84.8%

85.6%

 (0.8) Pts

86.0%

85.8%

0.2 Pts

Latin America

81.8%

84.9%

 (3.1) Pts

86.2%

87.3%

 (1.1) Pts

Atlantic

86.5%

85.8%

0.7 Pts

85.6%

84.8%

0.8 Pts

Pacific

83.0%

85.4%

 (2.4) Pts

86.8%

86.5%

0.3 Pts

Total System

83.6%

84.4%

 (0.8) Pts

85.6%

85.7%

(0.1) Pts

Mainline Completion Factor

99.87%

97.87%

2.01 Pts

Mainline On-time Performance

88.3%

88.7%

 (0.4) Pts

          (preliminary DOT A14)

Passengers Boarded

15,246,954

14,652,094

4.1%

145,183,123

140,942,434

3.0%

Cargo Ton Miles (000):

187,405

187,370

0.0%

1,650,670

1,606,336

2.8%

Note: Results are preliminary and include flights operated under contract carrier arrangements

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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