Delta Airlines 2003 Annual Report Download - page 60

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Table of Contents
CASM- (Operating) Cost per Available Seat Mile. The amount of operating cost incurred per available seat mile during a reporting period. Also referred to as
"unit cost."
Passenger Load Factor- A measure of utilized available seating capacity calculated by dividing RPMs by ASMs for a reporting period.
Passenger Mile Yield- The amount of passenger revenue earned per revenue passenger mile during a reporting period.
RASM- (Operating or Passenger) Revenue per Available Seat Mile. The amount of operating or passenger revenue earned per available seat mile during a
reporting period. Passenger RASM is also referred to as "unit revenue."
RPM- Revenue Passenger Mile. One revenue-paying passenger transported one mile. RPMs equal the number of revenue passengers during a reporting period
multiplied by the number of miles flown by those passengers during that period. Also referred to as traffic.
Section 1110- Section 1110 of the U.S. Bankruptcy Code enables a lessor or secured creditor to a U.S. airline to repossess eligible equipment that secures the
lease or security interest 60 days after the airline files a petition for bankruptcy protection, unless the airline cures the default and agrees to meet its future
obligations to the creditor under the lease or security agreement.
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