Delta Airlines 2002 Annual Report Download - page 6
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PART I
ITEM 1. BUSINESS
General Description
Delta Air Lines, Inc. ("Delta" or the "Company") is a major air carrier
that provides scheduled air transportation for passengers and cargo throughout
the United States and around the world. As of February 1, 2003, Delta (including
its wholly owned subsidiaries Atlantic Southeast Airlines, Inc. ("ASA") and
Comair, Inc. ("Comair")) served 219 domestic cities in 47 states, the District
of Columbia, Puerto Rico and the U.S. Virgin Islands, as well as 48 cities in 32
countries. Delta is managed as a single business unit.
Based on calendar 2002 data, Delta is the second-largest airline in
terms of passengers carried, and third-largest as measured by operating revenues
and revenue passenger miles flown. Delta is the largest U.S. airline across the
transatlantic, offering the most daily flight departures, serving the largest
number of nonstop markets and carrying more passengers than any other U.S.
airline.
For the year ended December 31, 2002, passenger revenues accounted for
93% of Delta's consolidated operating revenues. Cargo revenues and other sources
accounted for 7% of the Company's consolidated operating revenues for that
period. In 2002, Delta's operations in North America, the Atlantic, Latin
America and the Pacific accounted for 81%, 14%, 4% and 1%, respectively, of its
consolidated operating revenues.
Delta is incorporated under the laws of the State of Delaware. Its
principal executive offices are located at Hartsfield Atlanta International
Airport in Atlanta, Georgia. Delta's telephone number is (404) 715-2600, and its
Internet address is "www.delta.com".
Delta makes available free of charge on its website its Annual Report
on Form 10-K, its Quarterly Reports on Form 10-Q, its Current Reports on Form
8-K and amendments to those reports as soon as reasonably practicable after they
are filed with the Securities and Exchange Commission.
Business Environment
Since the terrorist attacks on September 11, 2001, Delta and the
airline industry have faced unprecedented challenges. The industry has
experienced substantial revenue declines and cost increases, creating
industry-wide liquidity issues which have resulted in two major airlines filing
for bankruptcy. Information on these subjects is set forth under "Business
Environment" on pages 13-15 of Delta's 2002 Annual Report to Shareowners, and is
incorporated by reference.
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