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Wednesday, April 16, 2014

Delta revenues up 5.5 percent in Oct.

Delta Air Lineson Friday reported financial and operating performance for October 2012.

During the month of October, Delta’s unit revenues improved 5.5 percent versus prior year, primarily due to corporate revenue gains and continued capacity discipline.

In response to Hurricane Sandy, Delta cancelled more than 3,500 flights in October, which caused a 2-percent system capacity reduction versus prior year. The company is estimating that the hurricane negatively impacted October revenues by $45 million and reduced October profit by approximately $20 million. Delta is still assessing the impact to November, but expects it to be less than October. Delta’s October unit revenue improvement was approximately one point higher than it would have been without the hurricane impact.

Delta’s New York area operations are recovering from the storm’s disruption. As of Thursday, Delta is operating at close to full schedule at New York-JFK and Newark, and operating at 80 percent of its normal schedule at LaGuardia. The company anticipates flying a full schedule at LaGuardia today.

“I’m proud of the efforts of Delta’s employees throughout the system in responding to the devastation of Hurricane Sandy and taking care of our customers,” said Richard Anderson, Delta’s chief executive officer. “It’s during events such as these that the team’s dedication to our passengers really shines.”

Despite the impacts of the hurricane, Delta continued to have excellent operational performance in October. Delta’s completion factor was 98 percent, and 85.5 percent of flights arrived on time.

Delta Air Lines serves more than 160 million customers each year. During the past year, Delta was named domestic “Airline of the Year” by the readers of Travel Weekly magazine, was named the “Top Tech-Friendly U.S. Airline” by PCWorld magazine for its innovation in technology, won the Business Travel News Annual Airline Survey and was the recipient of 12 Executive Travel Magazine Leading Edge Awards for U.S. airlines. With an industry-leading global network, Delta and the Delta Connection carriers offer service to nearly 313 destinations in 58 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. (Delta Air Lines)

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