Delta Air Lines, Inc. (DAL: Quote) reported Monday operational results for the month of February 2013 that saw a 2.2 percent decline in traffic and 5.0 percent drop in capacity, while load factor increased 2.2 percentage points.
The Atlanta, Georgia-based airline noted that it had solid operational performance during the month despite the impact of inclement weather, with completion factor of 99.0 percent, and 86.1 percent of flights arriving on-time.
Monthly consolidated passenger unit revenue or PRASM rose 5 percent year-over-year, driven by continued corporate revenue gains, increased load factor and improved trans-Atlantic performance.
Delta Air Lines' total system traffic for February in terms of revenue passenger miles or RPMs was down 2.2 percent to 12.69 billion from 12.98 billion in the same period last year.
The airline's capacity also dropped 5.0 percent to 16.05 billion available seat miles or ASMs, from 16.89 billion ASMs in the same period last year. Meanwhile, system load factor increased 2.2 percentage points to 79.1 percent from 76.9 percent a year ago.
Domestic traffic declined 3.5 percent from last year to 7.69 billion RPMs, and domestic capacity also decreased 4.7 percent from the year-ago period to 9.55 billion ASMs. Meanwhile, domestic load factor edged up 1.0 percentage points to 80.5 percent from last year.
International traffic also edged down 0.1 percent from the prior-year period to 5.01 billion RPMs, and international capacity decreased 5.4 percent to 6.50 billion ASMs. However, international load factor grew 4.1 percentage points to 77.1 percent from a year ago.
For the year-to-date twelve-month period, total system traffic declined 1.1 percent on a 3.6 percent drop in capacity and a 2.0 percentage points increase in load factor.
In Monday's regular trading session, DAL is currently trading at $15.19, up $0.37 or 2.50% on a volume of 3.81 million shares.
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by RTT Staff Writer
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