Delta Airlines 2005 Annual Report Download - page 4

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Table of Contents
TABLE OF CONTENTS
Page
FORWARD-LOOKING INFORMATION 1
OTHER INFORMATION 1
PART I
ITEM 1. BUSINESS 1
General Description 1
Airline Operations 2
Regulatory Matters 3
Fares and Rates 4
Route Authority 4
Competition 5
Airport Access 5
Possible Legislation or DOT Regulation 5
Fuel 6
Employee Matters 6
Environmental Matters 8
Frequent Flyer Program 9
Civil Reserve Air Fleet Program 9
Additional Information 10
ITEM 1A. RISK FACTORS 10
Risk Factors Relating to Delta 10
Risk Factors Relating to the Airline Industry 16
ITEM 1B. UNRESOLVED STAFF COMMENTS 17
ITEM 2. PROPERTIES 18
Flight Equipment 18
Ground Facilities 19
ITEM 3. LEGAL PROCEEDINGS 20
Chapter 11 Proceedings 20
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 22
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES 22
ITEM 6. SELECTED FINANCIAL DATA 23
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS 25
Overview 25
Chapter 11 Process 25
Our Business Plan 27
Key Chapter 11 Efforts 28
Basis of Presentation of Consolidated Financial Statements 31
Results of Operations — 2005 Compared to 2004 31
Results of Operations — 2004 Compared to 2003 35
(i)