PRASM down 2%; Net income: Q1=$7M down from $1,047M last Q3
Press Release: Delta Air Lines – 3 hours ago
ATLANTA, May 2, 2013 /PRNewswire/ -- Delta Air Lines (DAL) today reported financial and operating performance for April 2013.
Consolidated passenger unit revenue (PRASM) for the month of April decreased 2% year over year due to demand softness
Press Release: Delta Air Lines – 8 hours ago
ATLANTA, May 2, 2013 /PRNewswire/ -- Delta Air Lines (DAL) today
reported financial and operating performance for April 2013.
Consolidated passenger unit revenue (PRASM) for the month of April
decreased 2% year over year due to demand softness in the domestic
entity and the 1-2 point negative impact in the Pacific from the yen
devaluation. This result is in line with previous guidance; Delta
still expects a modest year over year improvement in May and June unit
Delta completed 99.9 percent of its flights in April and ran an
on-time arrival rate of 85.6 percent.
Delta was named by Fortune magazine as the most admired airline
worldwide in its 2013 World's Most Admired Companies airline industry
list, topping the list for the second time in three years. With an
industry-leading global network, Delta and the Delta Connection
carriers offer service to 317 destinations in 58 countries on six
Delta is investing more than $3 billion in airport facilities and
global products, services and technology to enhance the customer
experience in the air and on the ground. IE, 1ST QTR NET WOULD HAVE BEEN MUCH MORE WITHOUT "Investing Activities, Cash Flows Used In
Capital Expenditures (647,000)
Total Cash Flow 1,004,000":
Delta Air Lines Inc. (DAL) -NYSE
View: Quarterly Data All numbers in thousands
Period Ending Mar 30, 2013 Dec 30, 2012 Sep 29, 2012 Jun 29, 2012
Net Income Common Shares 7,000 6,000 1,047,000 (168,000)
Investing Activities, Cash Flows Used In
Capital Expenditures (647,000) (538,000) (426,000) (597,000)
Total Cash Flow 1,004,000 550,000 463,000 632,000
Delta is investing more than $3 billion
DAL eps growth est Next 5 Years (per annum): 26.84%
S&P 500 eps growth est Next 5 Years (per annum): 9.33%
Airline Industry eps growth est Next 5 Years (per annum): 9.43%
Transportation Sector eps growth est Next 5 Years (per annum): 9.71%
Growth Est DAL Industry Sector S&P 500
Next 5 Years (per annum) 26.84% 9.43% 9.71% 9.33%
DAL COLLUSIOIN/PRICE FIXING RISKS GOVERNMENT PENALITIES?:
Delta, American match United on change-fee hike
Delta, American Airlines match United, US Airways in boosting US ticket change fee to $200
ATLANTA (AP) -- Delta Air Lines Inc. and American Airlines have matched United's increase in the fee for changing a domestic-flight reservation to $200 from $150.
With US Airways Group Inc. having matched the increase last week, all four of the so-called legacy airlines have raised the cost of changing a ticket.
United Continental Holdings Inc. has said that it incurs costs when a customer changes a reservation and the higher fee compensates for the cost.
Delta spokesman Anthony Black said Thursday that his airline "closely monitors competitive conditions and periodically reviews its pricing of fees. After careful consideration, Delta increased its change fees to remain competitive in the marketplace."
Matt Miller, a spokesman for AMR Corp.'s American Airlines, noted that American sells fares called "Choice Essential" and "Choice Plus" that allow customers to change reservations at no extra cost. The tickets cost more than a base economy fare, however.
Major U.S. airlines have increased revenue from extra fees in recent years, saying that customers should pay extra for extra services.