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SECURITY: DAL
(Common) EXCHANGE: New York Stock Exchange CURRENCY:
US Dollar
Delta Air Lines (Other
OTC: DALRQ) offers customers service to more destinations than any global
airline with Delta and Delta Connection carrier service to 308 destinations
in 52 countries. With more than 60 new international routes added
in the last year, Delta is America’s fastest growing international airline
and is a leader across the Atlantic with flights to 31 trans-Atlantic destinations.
To Latin America and the Caribbean, Delta offers more than 600 weekly flights
to 58 destinations. Delta's marketing alliances also allow customers
to earn and redeem SkyMiles on more than 14,000 flights offered by SkyTeam
and other partners. Delta is a founding member of SkyTeam, a global airline
alliance that provides customers with extensive worldwide destinations,
flights and services. Including its SkyTeam and worldwide codeshare partners,
Delta offers flights to 462 worldwide destinations in 99 countries.
http://www.delta.com/
Delta
Air Lines Announces $158 Million Quarterly Profit and $1.4 Billion Annual
Profit, Excluding Special Items
Reports
GAAP quarterly profit of $19 million and annual profit of $593 million
Jan
18, 2011
ATLANTA,
Jan. 18, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported
financial results for the December 2010 quarter. Key points include:
Delta's
net income for the December 2010 quarter was $158 million, or $0.19 per
diluted share, excluding special items(1). This is a $383 million
improvement year over year.
Delta's
GAAP net income was $19 million, or $0.02 per diluted share, for the December
2010 quarter.
Delta's
net income for 2010 was $1.4 billion, excluding special items. Including
$851 million in special items, Delta's net income for 2010 was $593 million.
2010
results include $313 million in profit sharing expense, including $38 million
in the December quarter, in recognition of Delta employees' achievements
toward meeting the company's financial targets.
Delta's
adjusted net debt at the end of 2010 was $15.0 billion,
a $2.0 billion reduction from prior year.
Delta
ended 2010 with $5.2 billion in unrestricted liquidity.
Delta
Air Lines Reports March 2009 Quarter Financial Results PDF
ATLANTA,
April 21, 2009 – Delta Air Lines (NYSE:DAL) today reported financial results
for the March 2009 quarter. Key points include:
Delta’s
net loss for the March 2009 quarter was $693 million, excluding the special
items described below1, or $0.84 per diluted share;
Excluding
$684 million in realized fuel hedge losses and special items, Delta’s results
were breakeven.
Delta’s
reported net loss for the March 2009 quarter was $794 million, or $0.96
per diluted share.
In
the March 2009 quarter, Delta realized approximately $100 million in synergy
benefits from its merger with Northwest Airlines.
Delta
generated approximately $600 million in operating cash flow and ended the
quarter with $5 billion in unrestricted liquidity, which was unchanged
from the balance at Dec. 31, 2008.
Delta
Air Lines Reports Monthly Results for February 2007
ATLANTA,
March 29, 2007 – Delta Air Lines (Other OTC: DALRQ) today filed its Monthly
Operating Report for February 2007 with the U.S. Bankruptcy Court for the
Southern District of New York. Key points include:
Delta’s
February 2007 net income was $55 million.
As
of February 28, 2007, Delta had $2.7 billion of unrestricted cash, cash
equivalents and short-term investments.
Delta
reported net income of $55 million in the month of February 2007, compared
to a net loss of $209 million in February 2006. Excluding reorganization
items, Delta’s net loss was $43 million for February 2007, a $95 million
improvement versus the prior year period. Delta’s operating loss
of $5 million includes a $5 million negative impact of fuel hedges for
the month. As of February 28, 2007, Delta had $3.7 billion of cash,
cash equivalents and short-term investments, of which $2.7 billion was
unrestricted.
Restructuring
Progress
Delta
remains on course to emerge from Chapter 11 next month, having made significant
progress in transforming the airline into a strong and vibrant competitor.
Evidence of the company’s progress in February’s performance:
Delta’s
consolidated passenger unit revenue (PRASM) increased 1.4% for February
2007 compared to February 2006. Delta’s length of haul adjusted PRASM
was 95.5% of industry average for the month, driven by the strength of
its domestic system which increased to 100% of industry average PRASM.
Delta’s
operating expenses decreased 1.8% despite a capacity increase of 2.8%,
resulting in a 4.5% reduction in consolidated unit costs (CASM) in February
2007 compared to February 2006. Mainline non-fuel CASM was 7.61 cents
for the month, a 7.6% improvement year over year.
"February’s
results demonstrate the significant momentum we have created with our restructuring,”
said Edward H. Bastian, Delta’s executive vice president and chief financial
officer. “We look forward to emerging from bankruptcy in a
matter of weeks, having transformed our company into a strong, healthy
competitor in this tough industry.”
Important
Financial Disclosure
Current
holders of Delta’s equity will not receive any distributions under Delta’s
proposed Plan of Reorganization. These equity interests would be
cancelled upon the effectiveness of the proposed Plan of Reorganization,
which the company believes will occur shortly after the confirmation hearing
scheduled on April 25, 2007. Accordingly, we urge that caution be
exercised with respect to investments in Delta’s existing equity securities
and any of Delta’s liabilities and other securities.
Delta
Air Lines Reports Monthly Results for July 2006
ATLANTA,
August 30, 2006 – Delta Air Lines (Other OTC: DALRQ) today filed its Monthly
Operating Report for July 2006 with the U.S. Bankruptcy Court for the Southern
District of New York. Key points include:
·
Delta’s July 2006 net income was $69 million.
·
July 2006 net income excluding reorganization items was $99 million.
·
As of July 31, 2006, Delta had $3.0 billion of unrestricted cash, cash
equivalents and short-term investments.
Delta
reported net income of $69 million in the month of July 2006, compared
to a net loss of $41 million in July 2005. Delta’s net income excluding
reorganization items was $99 million for July 2006, a $140 million improvement
versus the net loss in the prior year period. As of July 31, 2006, Delta
had $4.0 billion of cash, cash equivalents and short-term investments,
of which $3.0 billion was unrestricted.
Restructuring
Progress
In
September 2005, Delta announced a comprehensive restructuring plan intended
to deliver an additional $3 billion in annual financial benefits through
revenue improvements and cost reductions by the end of 2007. During the
month of July, Delta continued its restructuring progress by: ·
Reducing operating costs to achieve a mainline non-fuel CASM (1) of 6.60
cents for the month, a 6.4 percent reduction year over year.
·
Improving consolidated passenger unit revenue to 11.44 cents, a 13.2 percent
improvement compared to July 2005.
Delta
Air Lines Reports June Traffic
ATLANTA,
July 6, 2006 – Delta Air Lines today reported traffic results for June
20061,2. System traffic for June 2006 decreased 0.1 percent from June 2005
with a capacity decrease of 3.0 percent. Delta’s system load factor was
84.5 percent in June 2006, which represents the company’s highest system
load factor achieved in any month and includes the highest daily load factor
on record – 94.4 percent on June 30th. Domestic traffic in June 2006 decreased
10.0 percent year over year, and capacity decreased 13.5
percent.
Domestic load factor in June 2006 was 84.1 percent, up 3.2 points from
the same period a year ago. International traffic in June 2006 increased
30.6 percent year over year on a 31.3 percent increase in capacity. International
load factor was 85.1 percent, down 0.4 points from June 2005.
During
June 2006, Delta operated its schedule at a 98.4 percent completion rate
compared to 97.7 percent in June 2005. Delta boarded 9.7 million passengers
during the month of June 2006, a decrease of 10.3 percent from June 2005.
Detailed traffic and capacity are attached.
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