Delta Airlines 2003 Annual Report Download - page 7

Table of Contents
DELTA AIR LINES, INC.
Forward-Looking Information
Statements in this Form 10-K (or otherwise made by us or on our behalf) which are not historical facts, including statements about our 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 our present expectations. For examples of such risks and uncertainties, please see the cautionary statements contained in Item 1. "Business—Risk Factors
Relating to the Airline Industry and Delta." We undertake no obligation to publicly update or revise any forward-looking statements to reflect events or
circumstances that may arise after the date of this report.
Unless otherwise indicated, the terms "Delta," the "Company," "we," "us," and "our" refer to Delta Air Lines, Inc. and its subsidiaries.
PART I
ITEM 1. BUSINESS
General Description
We are a major air carrier that provides scheduled air transportation for passengers and cargo throughout the United States and around the world. As of
March 1, 2004, we (including our wholly-owned subsidiaries, Atlantic Southeast Airlines, Inc. ("ASA") and Comair, Inc. ("Comair")) served 206 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. With our domestic and international
codeshare partners, our route network covers 264 domestic cities in 47 states, and 230 cities in 84 countries. We are managed as a single business unit.
Based on calendar year 2003 data, we are the second-largest airline in terms of passengers carried, and the third-largest airline measured by operating
revenues and revenue passenger miles flown. We are a leading U.S. transatlantic airline, serving the largest number of nonstop markets and offering the
second-most daily flight departures. Among U.S. airlines, we have the second-most transatlantic passengers.
For the year ended December 31, 2003, passenger revenues accounted for 93% of our consolidated operating revenues, and cargo revenues and other
sources accounted for 7% of our consolidated operating revenues. In 2003, our operations in North America, the Atlantic, Latin America and the Pacific
accounted for 82%, 13%, 4% and 1%, respectively, of our consolidated operating revenues.