Delta Consolidated Passenger Unit Revenue Drops 5% for September

Staff Report From Georgia CEO

Monday, October 5th, 2015

Delta Air Lines today reported financial and operating performance for September 2015.

Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com.

Consolidated passenger unit revenue for the month of September declined 5.0% year over year, consistent with recent trends of pressure from foreign exchange, lower surcharges in international markets, and domestic yields.

In an Investor Update issued this morning, Delta announced that it expects its operating margin to be 20% - 21% and its unit revenue to decline 4.5% - 5.5% for the September quarter. Both of these results are on the favorable end of initial guidance ranges provided by the company in July.

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

Preliminary Financial and Operating Results:

  • September consolidated PRASM change year over year (5.0%)
  • Projected September quarter fuel price per gallon, adjusted $1.80 - $1.85
  • September mainline completion factor 100.0%
  • September on-time performance (preliminary DOT A14) 90.5%

Note: Projected fuel price of $1.80 - $1.85 includes taxes, transportation, settled hedges, hedge premiums and refinery contribution and is adjusted for MTM adjustments and settlements.