Delta Airlines 2003 Annual Report Download - page 5
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Table of Contents
TABLE OF CONTENTS
Forward-Looking Information
PART I 1
ITEM 1. BUSINESS 1
General Description 1
Airline Operations 2
Regulatory Matters 4
Fares and Rates 5
Route Authority 5
Competition 5
Airport Access 6
Possible Legislation or DOT Regulation 7
Worldspan 7
Orbitz 7
Fuel 8
Employee Matters 9
Environmental Matters 11
Frequent Flyer Program 12
Civil Reserve Air Fleet Program 13
Executive Officers of the Registrant 13
Risk Factors Relating to the Airline Industry and Delta 15
ITEM 2. PROPERTIES 23
Flight Equipment 23
Ground Facilities 25
ITEM 3. LEGAL PROCEEDINGS 26
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 29
PART II 29
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS 29
ITEM 6. SELECTED FINANCIAL DATA 30
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 31
Business Environment 31
Results of Operations—2003 Compared to 2002 35
Results of Operations—2002 Compared to 2001 38
Financial Condition and Liquidity 41
Financial Position 45