Delta Airlines 2008 Annual Report Download - page 30
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Table of Contents
Index to Financial Statements
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Market Information
Our common stock is listed on the New York Stock Exchange and has traded under the ticker symbol "DAL" since May 3, 2007. Shares of our common
stock issued and outstanding immediately prior to April 30, 2007 (the "Old Common Stock") traded on the Pink Sheets Electronic Quotation Service ("Pink
Sheets") maintained by Pink Sheets LLC for the National Quotation Bureau, Inc. The ticker symbol "DALRQ" was assigned to our Old Common Stock for
over-the-counter quotations. On April 30, 2007, the Old Common Stock was canceled pursuant to the terms of our Plan of Reorganization and we have no
continuing obligations with respect to the Old Common Stock.
The following table sets forth for the periods indicated, the highest and lowest sales price for our common stock authorized in connection with our
emergence from bankruptcy as reported on the NYSE for the period beginning April 30, 2007 and for our Old Common Stock as reported on the Pink Sheets
for the period through April 27, 2007. The quotations from the Pink Sheets reflect inter-dealer prices, without retail markup, markdown or commissions, and
may not represent actual transactions.
Common Stock(1)
Old Common
Stock(2)
High Low High Low
Fiscal 2007
First Quarter — — $ 1.48 $ 0.21
Second Quarter $ 21.95 $ 18.02 $ 0.48 $ 0.01
Third Quarter $ 21.80 $ 14.94 — —
Fourth Quarter $ 21.10 $ 14.04 — —
Fiscal 2008
First Quarter $ 18.99 $ 7.94 — —
Second Quarter $ 10.89 $ 4.80 — —
Third Quarter $ 10.26 $ 4.00 — —
Fourth Quarter $ 12.00 $ 5.10 — —
(1) The common stock commenced trading on April 26, 2007 on a "when-issued" basis and was listed on the New York Stock Exchange and began trading under the ticker symbol "DAL" on
May 3, 2007.
(2) The Old Common Stock was canceled pursuant to the terms of our Plan of Reorganization and no further trading occurred after April 27, 2007.
Holders
As of February 1, 2009, there were approximately 2,813 holders of record of our common stock.
Dividends
We expect to retain any future earnings to fund our operations and meet our cash and liquidity needs. In addition, our ability to pay dividends or
repurchase common stock is restricted under credit facilities that we entered into in connection with our emergence from bankruptcy. Therefore, we do not
anticipate paying any dividends on our common stock for the foreseeable future.
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