Delta Air Lines, Inc. Reports Strong January, 4,000 Weather-Related Flight Cancellations

Delta Air Lines, Inc. watches its passenger revenue in January rise 5% year over year as its grows its total passengers.

Feb 4, 2014 at 11:51AM

Today Delta Air Lines (NYSE:DAL) reported its January operating and financial performance, which, despite the winter storms that resulted in nearly 4,000 flight cancellations -- primarily at its Atlanta hub --  showed strong gains relative to last January.

Delta

The company's passenger revenue per available seat mile (PRASM) -- which measures the revenue it received from passengers for every mile flown -- rose 5% year over year, and 4.5% after excluding for weather-related impacts. The cancellations boosted the per-seat revenue figure because the money from the remaining passengers was spread over fewer seats. Delta also saw major gains in its revenue passenger miles, which rose by 4.2% in total, including a 7.1% gain internationally, and a 2.1% gain domestically.

Delta saw its load factor -- the percentage of seats filled with paying passengers -- rise by 1.8 percentage points from 79.4% in January 2013 to 81.2% in January of 2014. Like the gains seen in revenue passenger miles, this growth was seen both domestically and internationally. Domestic load factor grew from 78.2% to 80.2% and international load factor rose from 81% to 82.6%. It boarded 11.9 million passengers in January 2014, up 1.7% from a year ago.

The completion factor at Delta fell by 4.2 percentage points from 99.5% to 95.3%, and it also saw its on-time performance drop significantly to 70.2% in January of this year versus 87.4% in January of last year. Lastly the company did see its cargo ton miles dip 3.7% year over year from 175.4 million to 168.8 million.  

"Delta's employees are the best in the business, and I want thank them for their hard work and dedication during a major winter weather event," concluded Delta's CEO, Richard Anderson in the press release "Despite the challenges of the weather, especially in Atlanta, Delta people remained committed to taking care of our customers."

-- Material from The Associated Press was used in this report.

link

Patrick Morris has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers