-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, W1DDz4bAUTEdYMolYXXEZZz8YPj1wAh+FZr2yyWYX0XUCZRaeoOypngbAcqzZV5A 3NYVdyvQJWZxd/0lNnZcYg== 0000950144-99-009086.txt : 19990726 0000950144-99-009086.hdr.sgml : 19990726 ACCESSION NUMBER: 0000950144-99-009086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990719 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELTA AIR LINES INC /DE/ CENTRAL INDEX KEY: 0000027904 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 580218548 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05424 FILM NUMBER: 99669119 BUSINESS ADDRESS: STREET 1: HARTSFIELD ATLANTA INTL AIRPORT STREET 2: 1030 DELTA BLVD CITY: ATLANTA STATE: GA ZIP: 30320-6001 BUSINESS PHONE: 4047152600 MAIL ADDRESS: STREET 1: 1030 DELTA BLVD STREET 2: DEPT 971 CITY: ATLANTA STATE: GA ZIP: 30320-6001 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR CORP DATE OF NAME CHANGE: 19660908 8-K 1 DELTA AIR LINES INC 1 United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 19, 1999 ------------- DELTA AIR LINES, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-5424 58-0218548 ----------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Hartsfield Atlanta International Airport, Atlanta, Georgia 30320 ---------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (404) 715-2600 -------------- 2 Item 5. OTHER EVENTS Financial Results On July 19, 1999, Delta Air Lines, Inc. announced its unaudited financial results for the three month and twelve month periods ended June 30, 1999 and related financial and statistical information which is attached hereto as Exhibit 99.1. Exhibit 99.1 is hereby incorporated by reference herein. Item 7. FINANCIAL STATEMENTS AND EXHIBITS The Exhibit Index on page 4 is hereby incorporated herein by reference. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. DELTA AIR LINES, INC. By: /s/ Edward H. Bastian -------------------------- Edward H. Bastian Vice President and Controller Date: July 23, 1999 4 EXHIBIT INDEX
Exhibit Description - ------- ----------- 99.1 Unaudited Consolidated Statements of Operations of Delta Air Lines, Inc. for the three month and twelve month periods ended June 30, 1999 and 1998 and the related financial and statistical information.
EX-99.1 2 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS 1 EXHIBIT 99.1 DELTA AIR LINES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; In Millions, Except Share Data)
Three Months Twelve Months Ended Ended June 30, June 30, 1999 1998 1999 1998 Operating Revenues: Passenger $ 3,592 $ 3,478 $ 13,417 $ 12,994 Cargo 134 141 557 582 Other, net 231 142 737 562 Total operating revenues 3,957 3,761 14,711 14,138 Operating Expenses: Salaries and related costs 1,271 1,231 4,993 4,850 Aircraft fuel 354 347 1,360 1,507 Depreciation and amortization 269 234 961 860 Passenger commissions 216 251 867 980 Contracted services 206 181 772 694 Other selling expenses 188 175 755 681 Landing fees and other rent 188 167 707 649 Aircraft rent 153 141 590 552 Aircraft maintenance materials and outside repairs 146 119 561 495 Passenger service 130 126 500 450 Other 194 195 775 726 Total operating expenses 3,315 3,167 12,841 12,444 Operating Income 642 594 1,870 1,694 Other Income (Expense): Interest expense (60) (44) (199) (186) Interest capitalized 12 9 46 38 Interest income 10 23 52 79 Miscellaneous income, net 6 13 57 23 (32) 1 (44) (46) Income Before Income Taxes 610 595 1,826 1,648 Income Taxes Provided, Net (246) (233) (725) (647) Net Income 364 362 1,101 1,001 Preferred Stock Dividends (3) (3) (11) (11) Net Income Available To Common Shareowners $ 361 $ 359 $ 1,090 $ 990 Basic Income Per Common Share $ 2.59 $ 2.39 $ 7.63 $ 6.64 Diluted Income Per Common Share $ 2.40 $ 2.26 $ 7.20 $ 6.34 Operating Margin 16.2% 15.8% 12.7% 12.0%
2 Weighted Average Shares Used In Per Share Computation: Basic (000) 139,602 150,657 142,924 149,134 Diluted (000) 151,185 159,515 152,383 157,261
CONSOLIDATED STATISTICAL SUMMARY, EXCLUDING ASA HOLDINGS, INC.: Revenue Psgr Miles (millions) 26,982 27,032 104,254 101,136 Available Seat Miles (millions) 36,014 35,517 143,439 140,149 Passenger Mile Yield (cents) 12.87 12.86 12.75 12.85 Operating Revenue Per Available Seat Mile (cents) 10.65 10.59 10.17 10.09 Operating Cost Per Available Seat Mile (cents) 8.94 8.92 8.89 8.88 Passenger Load Factor (percent) 74.92 76.11 72.68 72.16 Breakeven Passenger Load Factor (percent) 61.66 63.12 62.61 62.75 Passengers Enplaned (thousands) 27,438 27,562 105,761 104,148 Revenue Ton Miles (millions) 3,126 3,138 12,115 11,859 Cargo Ton Miles (millions) 428 435 1,690 1,745 Cargo Ton Mile Yield (cents) 30.92 32.53 32.91 33.35 Fuel Gallons Consumed (millions) 682 679 2,716 2,664 Average Price Per Fuel Gallon (cents) 50.84 51.11 49.80 56.54 Number of Aircraft in Fleet at End of Period 584 570 584 570 Average Full-Time Equivalent Employees 72,200 69,800 71,500 67,400
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