Delta Airlines 2010 Annual Report Download - page 3

Table of Contents
TABLE OF CONTENTS
Page
Forward-Looking Information 1
PART I
ITEM 1. BUSINESS 2
General 2
Frequent Flyer Program 4
Other Businesses 4
Fuel 5
Competition 5
Regulatory Matters 6
Employee Matters 9
Executive Officers 11
Additional Information 12
ITEM 1A. RISK FACTORS 12
Risk Factors Relating to Delta 12
Risk Factors Relating to the Airline Industry 17
ITEM 1B. UNRESOLVED STAFF COMMENTS 19
ITEM 2. PROPERTIES 20
Flight Equipment 20
Ground Facilities 21
ITEM 3. LEGAL PROCEEDINGS 22
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES 23
ITEM 6. SELECTED FINANCIAL DATA 25
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 27
General Information 27
Results of Operations—2010 Compared to 2009 27
Results of Operations—2009 GAAP Compared to 2008 Combined 29
Financial Condition and Liquidity 33
Contractual Obligations 36
Critical Accounting Policies and Estimates 37
Supplemental information 41
Glossary of Defined Terms 41
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 42
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 44
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 95
ITEM 9A. CONTROLS AND PROCEDURES 95
ITEM 9B. OTHER INFORMATION 97
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE OF THE REGISTRANT 97
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