Delta Airlines 2002 Annual Report Download - page 130

Forward-Looking Information
Statements in this Annual Report (or otherwise made by Delta or on Delta's
behalf), which are not historical facts, including statements about Delta's
estimates, expectations, beliefs, intentions, projections or strategies for the
future, may be "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
historical experience or Delta's present expectations. Factors that could cause
these differences include, but are not limited to:
1. The many effects on Delta and the airline industry from the terrorist
attacks on the United States on September 11, 2001, including the
following:
- The adverse impact of the terrorist attacks on the demand for
air travel;
- The change in Delta's operations and higher costs resulting
from, and customer reaction to, new airline and airport
security directives;
- The availability and cost of war and terrorism risk and other
insurance for Delta;
- Potential declines in the values of the aircraft in Delta's
fleet or facilities and any related asset impairment charges;
2. The availability to Delta of financing on commercially reasonable
terms, which may be influenced by, among other things, airline
bankruptcies, the creditworthiness of the airline industry in general
and Delta in particular, and actions by credit rating agencies;
3. Continued geopolitical uncertainty, including additional terrorist
activity and/or war with Iraq;
4. General economic conditions, both in the United States and in our
markets outside the United States;
5. The willingness of customers to travel generally, and with Delta
specifically, which could be affected by factors such as Delta's and
the industry's safety record and geopolitical uncertainty;
6. Competitive factors in our industry, such as airline bankruptcies, the
airline pricing environment, the growth of low-cost carriers,
international alliances, codesharing programs, capacity decisions by
competitors and mergers and acquisitions;
7. Outcomes of negotiations on collective bargaining agreements and other
labor issues;
8. Changes in the availability or cost of aircraft fuel or fuel hedges;
9. Disruptions to operations due to adverse weather conditions and air
traffic control-related constraints;
10. Actions by the United States or foreign governments, including the FAA
and other regulatory agencies; and
11. The outcome of Delta's litigation.
Caution should be taken not to place undue reliance on Delta's forward-looking
statements, which represent Delta's views only as of March 12, 2003, and which
Delta has no current intention to update.
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