Delta Airlines 2005 Annual Report Download - page 6

Table of Contents
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 "Risk Factors Relating to Delta" and "Risk Factors Relating to the Airline Industry"
in "Item 1A. Risk Factors" of this Form 10-K. 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.
Other Information
On September 14, 2005 (the "Petition Date"), we and substantially all of our subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy
Court for the Southern District of New York (the "Bankruptcy Court"). No assurance can be given as to what values, if any, will be
ascribed in our bankruptcy proceedings to our various pre-petition liabilities, common stock and other securities. We believe that our
currently outstanding common stock will have no value and will be canceled under any plan of reorganization we propose and that the
value of our various pre-petition liabilities and other securities is highly speculative. Accordingly, we urge that caution be exercised
with respect to existing and future investments in any of these liabilities or securities. In addition, trading of our common stock on the
New York Stock Exchange was suspended on October 13, 2005, and our common stock was delisted from the New York Stock
Exchange on November 30, 2005. Additional information about our Chapter 11 filing is available on the Internet at www.delta.com/
restructure. Bankruptcy Court filings and claims information are available at www.deltadocket.com.
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 December 31, 2005, we (including our wholly-owned subsidiary, Comair, Inc. ("Comair")), served 144
domestic cities in 47 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, as well as 59 cities in 41 foreign
countries. With our domestic and international codeshare partners, our route network covers 228 domestic cities in 49 states, the
District of Columbia, Puerto Rico and the U.S. Virgin Islands, and 197 cities in 87 foreign countries. We are managed as a single
business unit.
For the years ended December 31, 2005, 2004 and 2003, passenger revenues accounted for 90%, 91% and 91% of our
consolidated operating revenues, respectively, and cargo revenues and other sources accounted for 10%, 9% and 9% of our
consolidated operating revenues, respectively. In 2005, our operations in North America, the Atlantic, Latin America and the Pacific
accounted for 80%, 14%, 5% and 1%, respectively, of our consolidated operating revenues. In 2004, our operations in North America,
the Atlantic, Latin America and the Pacific accounted for 81%, 14%, 4% and 1%, respectively, of our consolidated operating
revenues. In 2003, our operations in North America, the Atlantic, Latin America and the Pacific accounted for 83%, 12%, 4% and 1%,
respectively, of our consolidated operating revenues. 1