Delta Airlines 2010 Annual Report Download - page 406

Exhibit A to Schedule 8-3
Terminal 3 Hardstand Parking Position Rental Calculation
Ground Rental Note 2013 2014 2015 2016 2017 2018
Terminal 3 Acres 48.3497 48.3497 48.3497 48.3497 48.3497 48.3497 48.3497
Terminal 3 Ground Rental/Acre (AYC-325) 1/ 1/ 108,844 113,198 117,726 122,435 127,333 N/A
Terminal 3 Ground Rental/Acre (Permit) N/A N/A N/A N/A N/A 148,304
Terminal 3 Deferred Ground Rent 2/ 10,878,840 3,508,398 5,473,101 1,897,342 — — —
Terminal 3 Ground Rent — — 3,794,683 5,919,706 6,156,494 7,170,454
Terminal 3 Deferred Ground Rent Amortized 3/ 6.50% — — 1,533,433 2,300,150 2,300,150 2,300,150
Total Terminal 3 Ground Rent & Deferred Ground Rent — — 5,328,117 8,219,856 8,456,644 9,470,604
Capital Investment 1,000,000
Terminal 3 Capital Charge 4/ 133,225 — 88,816 133,225 133,225 133,225
Terminal 3 Additional Rental 5/ — — — — —
Operation & Maintenance Expenses 6/ T4 - 2010 Budget
Direct O&M Expenses
Marking & Line Painting 70,332 15,464 23,892 24,609 25,347
Ramp Scrubbing 22,012 4,840 7,477 7,702 7,933
Ramp Sweeping 45,099 9,916 15,320 15,780 16,253
Maintenance 500,000 109,935 169,850 174,946 180,194
Snow Removal 1,371,687 301,594 465,963 479,941 494,340
Incineration/Trash Removal 320,543 70,478 108,889 112,155 115,520
FOD Program 232,661 51,155 79,035 81,406 83,848
Utilities 596,337 131,117 202,576 208,653 214,913
Total Direct O&M 3,158,671 694,499 1,073,002 1,105,192 1,138,347
Indirect O&M Expenses
Personnel (10% of Direct O&M) 69,450 107,300 110,519 113,835
G&A Costs (5% of Direct O&M and Personnel) 38,197 59,015 60,786 62,609
Total Direct and Indirect O&M 802,147 1,239,317 1,276,496 1,314,791
Total Terminal 3 Hardstand Expenses 6,219,080 9,592,397 9,866,365 10,918,620
Terminal 3 Hardstand Positions 16 16 16 16
Terminal 3 Annual Cost Per Position 7/ 388,692 599,525 616,648 682,414
Terminal 3 Hardstand Daily Use Fee Per Position 1,619.55 1,665.35 1,712.91 1,895.59
Terminal 3 Hardstand Average Hours of Utilization Per Day 24.00 24.00 24.00 24.00
Terminal 3 Hardstand Hourly Use Fee Per Position 67.48 69.39 71.37 78.98
1/ Terminal 3 Ground Rental rate is based on current AYC-325 rate through 2017.
2/ Terminal 3 Ground Rent assumed deferred from 5/1/2013 through 5/1/2015.
3/ Terminal 3 Deferred Ground Rent is amortized at the long bond rate through 2020.
4/ Based on Delta equity investment at Terminal 3 site amortized for 10 years at 6% (long bond rate)
5/ Based on actual future investement recoverable through the Hardstand Use Fee
6/ Terminal 3 Hardstand O&M Expenses are based on Terminal 4 actual ramp O&M expenses for illustration purposes only.
7/ Proforma estimate only,Terminal 3 Hardstand Use Fee will be based on the above methodology and actual annual costs.