Printer Friendly

/FIRST AND FINAL ADD -- AT008 -- DELTA AIR LINES EARNINGS/

 DELTA AIR LINES, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS-
 Three Months Ended
 March 31
 1993 1992
 Operating Revenues:
 Passenger $ 2,709.0 $ 2,635.2
 Cargo 168.4 148.2
 Other, Net 49.2 31.2
 Total Operating Revenues 2,926.6 2,814.6
 Operating Expenses:
 Salaries and Related Costs 1,167.5 1,176.0
 Aircraft Fuel 366.1 350.8
 Aircraft Mtc Matrls and Repairs 122.0 126.0
 Aircraft Rent 184.3 170.0
 Facilities and Other Rent 88.8 96.3
 Landing Fees 63.3 59.2
 Passenger Service 126.8 140.0
 Passenger Commissions 298.5 296.9
 Fleet Restructuring 82.5 -
 Depreciation and Amortization 195.0 164.0
 Other 410.4 434.7
 Total Operating Expenses 3,105.2 3,013.9
 Loss from Operations 178.6 199.3
 Other Income (Expense):
 Interest Expense, Net (48.9) (44.4)
 Gain (Loss) on Disposition
 of Flt Eqpmnt 12.8 (0.2)
 Miscellaneous Income, Net 8.4 8.6
 (27.7) (36.0)
 Loss Before Income Taxes 206.3 235.3
 Income Taxes:
 Income Taxes Credited 71.7 81.6
 Amortization o
 Tax Credits 0.7 2.1
 72.4 83.7
 Net Loss 133.9 151.6
 Preferred Stock Dividends
 Net of Tax Benefits 24.8 4.7
 Net Loss Attributable to Common
 Shareholders $ 158.7 $ 156.3
 Net Loss Per Common Share:
 Primary $ 3.18 $ 3.16
 Fully Diluted $ 3.18 $ 3.16
 -All dollar amounts in millions, except per share amounts
 STATISTICAL SUMMARY:
 Revenue Plane Miles (000) 178,487 180,610
 Available Seat Miles (000) 31,692,578 31,427,234
 Revenue Passengers Enplaned 19,307,535 18,386,289
 Revenue Passenger Miles (000) 18,279,976 17,404,587
 Cargo Ton Miles (000) 304,127 276,797
 Passenger Load Factor (percent) 57.68 55.38
 Breakeven Load Factor (percent) 61.48 59.57
 Fuel Gallons Consumed (000) 603,324 607,760
 Avg Price Per Fuel Gallon (cents) 60.68 57.71
 Cost Per Avlble Seat Mile (cents) 9.80 9.59
 Cost Per Avlble Seat Mile (cents) -
 Excluding Fleet Restructuring Chrg 9.54 9.59
 Passenger Mile Yield (cents) 14.82 15.14
 DELTA AIR LINES, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS-
 (Unaudited)
 Nine Months Ended
 March 31
 1993 1992
 Operating Revenues:
 Passenger $ 8,178.1 $ 7,492.6
 Cargo 521.0 426.5
 Other, Net 166.1 91.6
 Total Operating Revenues 8,865.2 8,010.7
 Operating Expenses:
 Salaries and Related Costs 3,527.7 3,267.0
 Aircraft Fuel 1,208.9 1,094.4
 Aircraft Mtc Matrls and Repairs 361.4 305.5
 Aircraft Rent 543.5 462.3
 Facilities and Other Rent 268.8 252.4
 Landing Fees 195.3 161.4
 Passenger Service 418.1 387.9
 Passenger Commissions 924.1 855.9
 Fleet Restructuring 82.5 -
 Depreciation and Amortization 575.0 457.8
 Other 1,295.8 1,175.6
 Total Operating Expenses 9,401.1 8,420.2
 Loss from Operations 535.9 409.5
 Other Income (Expense):
 Interest Expense, Net (125.2) (103.2)
 Gain (Loss) on Disposition
 of Flt Eqpmnt 63.1 4.5
 Miscellaneous Income, Net 33.3 1.8
 (28.8) (96.9)
 Loss Before Income Taxes 564.7 506.4
 Income Taxes:
 Income Taxes Credited 195.4 172.8
 Amortization of Investment
 Tax Credits 2.3 7.4
 197.7 180.2
 Net Loss 367.0 326.2
 Preferred Stock Dividends
 Net of Tax Benefits 74.3 13.9
 Net Loss Attributable to Common
 Shareholders $ 441.3 $ 340.1
 Net Loss Per Common Share:
 Primary $ 8.87 $ 6.88
 Fully Diluted $ 8.87 $ 6.88
 -All dollar amounts in millions, except per share amounts
 STATISTICAL SUMMARY:
 Revenue Plane Miles (000) 554,749 518,040
 Available Seat Miles (000) 98,649,649 90,097,543
 Revenue Passengers Enplaned 63,574,675 56,574,230
 Revenue Passenger Miles (000) 61,501,735 52,823,783
 Cargo Ton Miles (000) 938,804 789,693
 Passenger Load Factor (percent) 62.34 58.63
 Breakeven Load Factor (percent) 66.43 61.83
 Fuel Gallons Consumed (000) 1,892,167 1,752,482
 Avg Price Per Fuel Gallon (cents) 63.89 62.45
 Cost Per Avlble Seat Mile (cents) 9.53 9.35
 Cost Per Avlble Seat Mile (cents) -
 Excluding Fleet Restructuring Chg 9.45 9.35
 Passenger Mile Yield (cents) 13.30 14.18
 DELTA AIR LINES, INC. (NYSE)
 Consolidated Statements of Operations
 (Unaudited)
 Periods Ended
 March 31
 Quarters Ended March 31: 1993 1992
 Operating Revenues $2,926.6 million $2,814.6 million
 Net Loss After Taxes (A) $133,949,000 (B) $151,628,000
 Net Loss Attributable to
 Common Shareholders (A) $158,712,000 (B) $156,274,000
 Per Share Amounts:
 Primary $3.18 $3.16
 Fully Diluted $3.18 $3.16
 Weighted Average Number of
 Shares Used to Compute
 Loss Per Common Share:
 Primary 49,872,116 49,524,364
 Fully Diluted 49,872,116 49,524,364
 Nine Months Ended March 31:
 Operating Revenues $8,865.2 million $8,010.8 million
 Net Loss after Taxes (C) $366,993,000 (D) $326,164,000
 Net Loss Attributable to
 Common Shareholders (C) $441,281,000 (D) $340,103,000
 Per Share Amounts:
 Primary $8.87 $6.88
 Fully Diluted $8.87 $6.88
 Weighted Average Number of
 Shares Used to Compute
 Loss Per Common Share:
 Primary 49,773,099 49,448,759
 Fully Diluted 49,773,099 49,448,759
 Note A - Includes an after tax gain of $8,082,000 (earnings per
 common share, 16 cents) from the disposition of flight
 equipment.
 Note B - Includes an after tax loss of $117,000 from the
 disposition of flight equipment.
 Note C - Includes an after tax gain of $39,992,000 (earnings per
 common share, 80 cents) from the disposition of flight
 equipment.
 Note D - Includes an after tax gain of $2,817,000 (earnings per
 common share, 6 cents) from the disposition of flight
 equipment.
 -0- 4/22/93 AA AT008
 /END OF FIRST AND FINAL ADD/
 /PRNewswire -- April 22/
 (DAL)


CO: Delta Air Lines, Inc. ST: Georgia IN: AIR SU: ERN

BN -- AT008A -- 9389 04/22/93 11:40 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 22, 1993
Words:1030
Previous Article:DELHI ACQUIRES WEST TEXAS GAS GATHERING SYSTEM; GAINS ADDED ACCESS TO MAJOR MIDWESTERN GAS MARKETS
Next Article:NYSEG REPORTS FIRST QUARTER EARNINGS
Topics:


Related Articles
/FIRST AND FINAL ADD -- DELTA AIR LINES TABULAR MATERIAL/
/FIRST AND FINAL ADD -- AT009 -- DELTA AIR LINES TABULAR MATERIAL/
(REPEATING TO CORRECT GARBLE IN NOTE A)
DELTA AIR LINES REPORTS PROFIT FOR SEPTEMBER 1994 QUARTER; OPERATING INCOME GROWS 27 PERCENT
DELTA AIR LINES REPORTS BEST-EVER QUARTERLY EARNINGS; ACHIEVES COST REDUCTION TARGET
DELTA AIR LINES REPORTS BEST-EVER QUARTERLY EARNINGS; ACHIEVES COST REDUCTION TARGET
DELTA REPORTS RECORD SEPTEMBER QUARTER RESULTS
DELTA REPORTS DECEMBER 1995 QUARTER AND CALENDAR YEAR 1995 RESULTS
DELTA REPORTS BEST EVER QUARTERLY AND FISCAL YEAR EARNINGS
Delta Reports Eighth Consecutive Quarter of Record Operating Profits

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters