Delta Airlines 2007 Annual Report Download - page 6

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Table of Contents
Index to Financial Statements
Forward-Looking Information
Statements in this Form 10-K (or otherwise made by us or on our behalf) that 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. All forward-looking statements speak only as of the date
made, and 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 (collectively, the "Debtors") filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of New York
(the "Bankruptcy Court"). On April 25, 2007, the Bankruptcy Court approved the Debtors' Joint Plan of Reorganization (the "Plan of Reorganization"). On
April 30, 2007 (the "Effective Date"), the Debtors emerged from bankruptcy.
On the Effective Date, we adopted fresh start reporting in accordance with American Institute of Certified Public Accountants' Statement of Financial
Position 90-7, "Financial Reporting by Entities in Reorganization under the Bankruptcy Code" ("SOP 90-7"). The adoption of fresh start reporting resulted in
our becoming a new entity for financial reporting purposes. Accordingly, the Consolidated Financial Statements on or after May 1, 2007 are not comparable
to the Consolidated Financial Statements prior to that date.
References in this Form 10-K to "Successor" refer to Delta on or after May 1, 2007, after giving effect to (1) the cancellation of Delta common stock
issued prior to the Effective Date; (2) the issuance of new Delta common stock and certain debt securities in accordance with the Plan of Reorganization; and
(3) the application of fresh start reporting. References to "Predecessor" refer to Delta prior to May 1, 2007.
For purposes of discussion on our results for the year ended December 31, 2007 in this Form 10-K, we combined the results of operations for the four
months ended April 30, 2007 of the Predecessor with the eight months ended December 31, 2007 of the Successor.
Additional information about our Chapter 11 proceedings is available on the Internet at www.delta.com/restructure. Bankruptcy Court filings, claims
information and our Plan of Reorganization are available at www.deltadocket.com. These websites are not incorporated into this Form 10-K.
Unless otherwise indicated, the terms "Delta," the "Company," "we," "us," and "our" refer to Delta Air Lines, Inc. and its subsidiaries.
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