Delta Air Lines Inc. Canceled Nearly 8,000 Flights in February; Passenger Revenue Rose 4%

Winter storms forced Delta Air Lines to double its flight cancellations from January to February. Passenger revenue rose 4% YOY.

Mar 4, 2014 at 12:46PM

Delta Air Lines (NYSE:DAL) announced its February operating performance today, noting that it saw consolidated passenger revenue per available seat mile, or PRASM, rise by 4% compared to February 2013.


The company said the increase resulted from strong demand in the United States and gains from its trans-Atlantic entity. In addition, Delta noted it canceled nearly 8,000 flights in February due to  winter storms, which contributed 0.5 percentage points of the 4% gain in the consolidated PRASM gain seen year over year.

The airline  saw a 5% year-over-year gain in PRASM in January of this year, and it also noted that approximately 0.5 percentage points of that gain was linked to the cancellation of more than 4,000 flights as a result of Winter Storm Leon. PRASM rises when airlines put more people on each flight or raise average prices. 

Delta said its on-time performance improved from 70.2% in January to 77.5% in February. In addition, its mainline completion factor stood at 95.5%, slightly above the 95.3% seen in January. It also continued to maintain its projected adjusted fuel price to stand between $2.99 and $3.04 per gallon for March, which is well below the $3.23-$3.28 expectation it posted for March 2013.

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


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.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't 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.

©1995-2014 The Motley Fool. All rights reserved. | Privacy/Legal Information