EX-99.1 5 g65071ex99-1.txt UNAUDITED CONSOLIDATED STATEMENTS OF INCOME 1 EXHIBIT 99.1 DELTA AIR LINES, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (IN MILLIONS, EXCEPT SHARE DATA)
THREE MONTHS ENDED SEPTEMBER 30 ------------------------------------ 2000 1999 ------------- ------------- OPERATING REVENUES: Passenger $ 4,050 $ 3,593 Cargo 141 140 Other, net 154 96 ------------- ------------- Total operating revenues 4,345 3,829 OPERATING EXPENSES: Salaries and related costs 1,514 1,306 Aircraft fuel 533 367 Depreciation and amortization 281 263 Other selling expenses 190 160 Passenger commissions 164 203 Contracted services 239 213 Landing fees and other rents 199 180 Aircraft rent 183 154 Aircraft maintenance materials and outside repairs 184 166 Passenger service 134 133 Asset writedowns and other special charges 22 149 Other 192 199 ------------- ------------- Total operating expenses 3,835 3,493 ------------- ------------- OPERATING INCOME 510 336 ------------- -------------
2 \ OTHER INCOME (EXPENSE): Interest income (expense), net (64) (33) Gains from the sale of investments -- 252 Miscellaneous income (expense), net (54) 14 ------------- ------------- (118) 233 ------------- ------------- INCOME BEFORE INCOME TAXES 392 569 INCOME TAXES PROVIDED, NET (159) (225) ------------- ------------- NET INCOME BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 233 344 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE, NET OF TAX (100) (66) ------------- ------------- NET INCOME 133 278 PREFERRED STOCK DIVIDENDS (4) (3) ------------- ------------- NET INCOME AVAILABLE TO COMMON SHAREOWNERS $ 129 $ 275 ============= ============= BASIC EARNINGS PER SHARE BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE BASIC EARNINGS PER SHARE $ 1.05 $ 1.99 ============= ============= DILUTED EARNINGS PER SHARE BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE DILUTED EARNINGS PER SHARE $ 1.01 $ 1.88 ============= ============= WEIGHTED AVERAGE SHARES USED IN PER SHARE COMPUTATION: Basic 122,925,632 138,300,991 Diluted 130,531,655 147,360,186 DIVIDENDS PER COMMON SHARE $ 0.025 $ 0.025 ============= =============