Delta Airlines 2003 Annual Report Download - page 121

Table of Contents
The rights become exercisable only after a person acquires, or makes a tender or exchange offer that would result in the person acquiring, beneficial
ownership of 15% or more of our common stock. If a person acquires beneficial ownership of 15% or more of our common stock, each right will entitle its
holder (other than the acquiring person) to exercise his rights to purchase our common stock having a market value of twice the exercise price.
If a person acquires beneficial interest of 15% or more of our common stock and (1) we are involved in a merger or other business combination in which we
are not the surviving corporation, or (2) we sell more than 50% of our assets or earning power, then each right will entitle its holder (other than the acquiring
person) to exercise their rights to purchase common stock of the acquiring company having a market value of twice the exercise price.
The rights expire on November 4, 2006. We may redeem the rights for $0.01 per right at any time before a person becomes the beneficial owner of 15% or
more of our common stock. We may amend the rights in any respect so long as the rights are redeemable. At December 31, 2003, 2,250,000 shares of
preferred stock were reserved for issuance under the Shareowner Rights Plan.
Note 13. Comprehensive Income (Loss)
Comprehensive income (loss) includes (1) reported net income (loss); (2) the additional minimum pension liability; (3) effective unrealized gains and losses
on fuel derivative instruments that qualify for hedge accounting; and (4) unrealized gains and losses on marketable equity securities. The following table
shows our comprehensive loss for the years ended December 31, 2003, 2002 and 2001:
(in millions) 2003 2002 2001
Net loss $ (773) $ (1,272) $ (1,216)
Other comprehensive loss (776) (1,587) (335)
Comprehensive loss $ (1,549) $ (2,859) $ (1,551)
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