Delta Airlines 2015 Annual Report Download - page 98
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Geographic Information
Operatingrevenuefortheairlinesegmentisrecognizedinaspecificgeographicregionbasedontheorigin,flightpathanddestinationofeachflightsegment.
Themajorityoftherevenuesoftherefinery,consistingoffuelsalestotheairline,havebeeneliminatedintheConsolidatedFinancialStatements.Theremaining
operatingrevenuefortherefinerysegmentisincludedinthedomesticregion.
Ouroperatingrevenuebygeographicregion(asdefinedbytheDOT)issummarizedinthefollowingtable:
YearEndedDecember31,
(inmillions) 2015 2014 2013
Domestic $ 27,884 $ 26,898 $ 24,857
Atlantic 6,505 6,757 6,446
Pacific 3,503 3,948 4,086
LatinAmerica 2,812 2,759 2,384
Total $ 40,704 $ 40,362 $ 37,773
Ourtangibleassetsconsistprimarilyofflightequipment,whichismobileacrossgeographicmarkets.Accordingly,assetsarenotallocatedtospecific
geographicregions.
NOTE15.RESTRUCTURINGANDOTHER
ThefollowingtableshowsamountsrecordedinrestructuringandotheronourConsolidatedStatementsofOperations:
YearEndedDecember31,
(inmillions) 2015 2014 2013
Fleetandother $ 35 $ 758 $ 402
Severanceandrelatedcosts — 71 —
Settlements — (113) —
Totalrestructuringandother $ 35 $ 716 $ 402
FleetandOther.Wecontinuetorestructureourdomesticfleetbyreplacingaportionofour50-seatregionalfleetwithmoreefficientandcustomerpreferred
CRJ-900andB-717-200aircraftandreplacingolder,lesscosteffectiveB-757-200aircraftwithB-737-900ERaircraft.Therestructuringchargesrecordedduring
2015includeremainingleasepaymentsandleasereturncostsforpermanentlygroundedaircraft.Inpreviousyears,therestructuringchargesalsoincluded
impairments,theaccelerationofaircraftdepreciationandrelatedequipmentdisposals.
During2014,wedecidedtoretireourfleetof16B-747-400aircraftoverthenextthreeyears.Aspartoftheacceleratedretirement,werecordedanimpairment
chargefortheownedandcapitalleasedaircraft.ThisimpairmentchargewascalculatedusingLevel3fairvalueinputsbasedprimarilyuponrecentmarket
transactionsandexistingmarketconditions.Also,werecordedaleaserestructuringchargeforthethreeB-747-400aircraftunderoperatingleasesthatwereretired
during2014.
SeveranceandRelatedCosts.During2015,weannouncedavoluntaryretirementprogramforeligibleU.S.employeesandaninvoluntarymeritrestructuring
initiative.Werecognizeda$51millionchargeinsalariesandrelatedcostsinourConsolidatedStatementofOperationsinconnectionwiththeseprograms.During
2014,weannouncedavoluntaryretirementprogramforeligibleU.S.employees.Werecordeda$71millionchargeinrestructuringandotherinourConsolidated
StatementofOperationsinconnectionwiththisprogramandotherprogramsrelatedtoourPacificstrategy.
Settlements.During2014,wesettledoutstandinglitigationresultinginafavorablesettlementof$67millionandreceivedanunrelatedinsurancesettlementof
$46million.
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