Delta Airlines 2009 Annual Report Download - page 4
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Table of Contents
TABLE OF CONTENTS
Page
Forward-Looking Information 1
PART I
ITEM 1. BUSINESS 2
General 2
Airline Operations 3
Frequent Flyer Program 5
Cargo 5
MRO 5
Fuel 5
Competition 6
Regulatory Matters 6
Employee Matters 9
Executive Officers 11
Additional Information 12
ITEM 1A. RISK FACTORS 13
Risk Factors Relating to Delta 13
Risk Factors Relating to the Airline Industry 18
ITEM 1B. UNRESOLVED STAFF COMMENTS 19
ITEM 2. PROPERTIES 20
Flight Equipment 20
Ground Facilities 21
ITEM 3. LEGAL PROCEEDINGS 22
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 23
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
OF EQUITY SECURITIES 24
ITEM 6. SELECTED FINANCIAL DATA 26
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28
General Information 28
Results of Operations—2009 GAAP Compared to 2008 Combined 29
Results of Operations—2008 GAAP Compared to 2007 Predecessor plus Successor 34
Financial Condition and Liquidity 39
Contractual Obligations 41
Application of Critical Accounting Policies 43
Supplemental Information 49
Glossary of Defined Terms 51
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 52
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 54
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 112
ITEM 9A. CONTROLS AND PROCEDURES 112
ITEM 9B. OTHER INFORMATION 114
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE OF THE REGISTRANT 114
i