ATLANTA - Delta Air Lines (NYSE: DAL) today reported financial and operating performance for February 2016. Consolidated passenger unit revenue (PRASM) for the month of February declined 5.5% year over year, including 1.5 points of pressure from foreign exchange.  Across all entities, booking trends into the peak leisure season are strong and corporate demand remains solid as higher volumes continued to offset lower yields. The company’s financial and operating performance is detailed below.    
Preliminary Financial and Operating Results
February consolidated PRASM change year over year (5.5)%
February mainline completion factor 99.6%
February on-time performance (preliminary DOT A14) 86.4%
Delta Air Lines serves nearly 180 million customers each year. Delta was named to FORTUNE magazine’s top 50 World’s Most Admired Companies in addition to being named the most admired airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented five consecutive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 327 destinations in 57 countries on six continents. Headquartered in Atlanta, Delta employs nearly 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 trans-Atlantic 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, Minneapolis/St. Paul, New York-JFK and LaGuardia, London-Heathrow, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. 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, Google.com/+Delta, Facebook.com/delta and Delta’s blog takingoff.delta.com. Forward Looking Statements Statements in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements.  These risks and uncertainties include, but are not limited to, the cost of aircraft fuel; the availability of aircraft fuel; the impact of rebalancing our hedge portfolio, recording mark-to-market adjustments or posting collateral in connection with our fuel hedge contracts; the possible effects of accidents involving our aircraft; the restrictions that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions or disruptions in service at one of our hub or gateway airports; disruptions or security breaches of our information technology infrastructure; our dependence on technology in our operations; the effects of weather, natural disasters and seasonality on our business; the effects of an extended disruption in services provided by third party regional carriers; failure or inability of insurance to cover a significant liability at Monroe’s Trainer refinery; the impact of environmental regulation on the Trainer refinery, including costs related to renewable fuel standard regulations; our ability to retain management and key employees; competitive conditions in the airline industry; the effects of extensive government regulation on our business; the sensitivity of the airline industry to prolonged periods of stagnant or weak economic conditions; the effects of terrorist attacks or geopolitical conflict; and the effects of the rapid spread of contagious illnesses.   Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2015.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of March 2, 2016, and which we have no current intention to update.  
Monthly Traffic Results (a) Year to Date Traffic Results (a)
Feb 2016 Feb 2015 Change Feb 2016 Feb 2015 Change
RPMs (000):
Domestic 9,058,446 8,403,609 7.8% 18,355,185 17,139,276 7.1%
Delta Mainline 7,600,016 6,961,602 9.2% 15,405,806 14,161,426 8.8%
Regional 1,458,430 1,442,007 1.1% 2,949,379 2,977,850 (1.0%)
International 5,325,229 5,256,958 1.3% 11,602,631 11,535,946 0.6%
Latin America 1,757,317 1,581,544 11.1% 3,703,745 3,426,017 8.1%
Delta Mainline 1,709,404 1,553,601 10.0% 3,601,055 3,366,232 7.0%
     Regional 47,913 27,943 71.5% 102,690 59,785 71.8%
Atlantic 1,866,060 1,922,769 (2.9%) 4,272,266 4,379,351 (2.4%)
Pacific 1,701,851 1,752,645 (2.9%) 3,626,620 3,730,578 (2.8%)
Total System 14,383,675 13,660,567 5.3% 29,957,815 28,675,222 4.5%
ASMs (000):
Domestic 11,193,497 10,120,332 10.6% 22,662,494 21,183,137 7.0%
Delta Mainline 9,258,324 8,241,527 12.3% 18,692,118 17,158,319 8.9%
Regional 1,935,172 1,878,805 3.0% 3,970,376 4,024,818 (1.4%)
International 6,849,471 6,895,644 (0.7%) 14,533,172 14,781,598 (1.7%)
Latin America 2,170,573 1,969,482 10.2% 4,495,434 4,212,480 6.7%
Delta Mainline 2,107,962 1,929,335 9.3% 4,364,319 4,128,401 5.7%
     Regional 62,610 40,147 56.0% 131,115 84,079 55.9%
Atlantic 2,728,739 2,825,248 (3.4%) 5,890,609 6,044,606 (2.5%)
Pacific 1,950,159 2,100,914 (7.2%) 4,147,129 4,524,512 (8.3%)
Total System 18,042,968 17,015,976 6.0% 37,195,666 35,964,735 3.4%
Load Factor:
Domestic 80.9% 83.0% (2.1) pts 81.0% 80.9% 0.1 pts
Delta Mainline 82.1% 84.5% (2.4) pts 82.4% 82.5% (0.1) pts
Regional 75.4% 76.8% (1.4) pts 74.3% 74.0% 0.3 pts
International 77.7% 76.2% 1.5 pts 79.8% 78.0% 1.8 pts
Latin America 81.0% 80.3% 0.7 pts 82.4% 81.3% 1.1 pts
Delta Mainline 81.1% 80.5% 0.6 pts 82.5% 81.5% 1.0 pts
     Regional 76.5% 69.6% 6.9 pts 78.3% 71.1% 7.2 pts
Atlantic 68.4% 68.1% 0.3 pts 72.5% 72.5% 0.0 pts
Pacific 87.3% 83.4% 3.9 pts 87.4% 82.5% 4.9 pts
Total System 79.7% 80.3% (0.6) pts 80.5% 79.7% 0.8 pts
Mainline Completion Factor 99.6% 97.5% 2.1 pts
Passengers Boarded 12,843,887 11,992,747 7.1% 26,134,085 24,550,084 6.5%
Cargo Ton Miles (000): 155,119 177,399 (12.6%) 311,888 349,506 (10.8%)
a Results include flights operated under contract carrier arrangements
SOURCE Delta Air Lines