e8-k

Exhibit No.

Description

Letter dated June 15, 2001, including Attachment A.

-----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, UMnRM2Ui9NLYRScBMIBh522EewjqA7XjVPUvmKvXqvxCCmJFdpWdhN7Jq84JJXR1 +6e4Yau82z0PYqvO3M0VSg== 0000950144-01-503629.txt : 20010618 0000950144-01-503629.hdr.sgml : 20010618 ACCESSION NUMBER: 0000950144-01-503629 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010612 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010615 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: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05424 FILM NUMBER: 1661476 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 g70087e8-k.htm DELTA AIR LINES, INC. e8-k

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): June 12, 2001

DELTA AIR LINES, INC.

(Exact name of registrant as specified in its charter)


Delaware	1-5424	58-0218548

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Hartsfield Atlanta International Airport, Atlanta, Georgia 30320
(Address of principal executive offices)

Registrant’s telephone number, including area code: (404) 715-2600

Not Applicable
(Former name or former address, if changed since last report)

Item 7. Financial Statements and Exhibits.

Item 9. Regulation FD Disclosure.

Delta Air Lines, Inc. (Delta) will be providing to certain investors and analysts a letter dated June 15, 2001, which briefly discusses Delta’s expected financial performance for the June 2001 quarter, the new tentative pilot agreement at Comair, Inc. (Comair), Delta’s wholly-owned subsidiary, and the status of the ratification vote by Delta pilots on a new collective bargaining agreement. The letter is included in this Report on Form 8-K as Exhibit 99.1.

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 hereunto duly authorized.


		DELTA AIR LINES, INC.

	By:	/s/ Edward H. Bastian

		Edward H. Bastian




		Senior Vice President — Finance and Controller




Dated: June 15, 2001

EX-99.1 2 g70087ex99-1.txt LETTER DATED JUNE 15, 2001 1 June 15, 2001 EXHIBIT 99.1 Dear Investors and Analysts, This update briefly discusses the expected financial performance of Delta Air Lines, Inc. (Delta) for the June 2001 quarter, the new tentative pilot agreement at Comair, Inc. (Comair), Delta's wholly-owned subsidiary, and the status of the ratification vote by Delta pilots on a new collective bargaining agreement. Due to a weakening U.S. economy and a strike at Comair, Delta expects to report a net loss of $140 million to $160 million in the June 2001 quarter (which is equivalent to a fully diluted loss per share in the range of ($1.15) to ($1.30) per share), excluding the fair value adjustments related to SFAS 133. A decline in business travel has had an adverse impact on system traffic and yield. In addition, Comair pilots have been on strike since March 26, 2001, resulting in a negative impact to Delta of between $1.5 million and $2.0 million in net income per day. Attachment A provides updated guidance for certain financial and operational statistics of Delta for the June 2001 quarter. On June 8, 2001, Comair and the Air Lines Pilots Association, International (ALPA), met with the Secretary of Transportation, Norman Mineta, to discuss the current strike by Comair pilots and the status of negotiations. Comair and ALPA resumed negotiations on June 12, 2001, and reached a tentative agreement on June 14, 2001. The tentative agreement is subject to ratification by Comair pilots. The ratification process will involve an expedited schedule of informational meetings followed by a telephone ballot, which is expected to occur late next week. In addition, Delta's pilots are voting on whether to ratify the tentative collective bargaining agreement reached by Delta and ALPA on April 22, 2001. That vote will conclude at 12:00 p.m. EST on June 20, 2001, and results are expected to be announced shortly afterwards. Delta cannot predict whether the Comair or Delta pilot agreements will be ratified. Statements in this letter (including Attachment A) which are not purely historical facts, including statements about our expectations, estimates, beliefs, intentions, or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. Factors that could cause these differences include, but are not limited to: - general economic conditions, including the duration and extent of the current weakening in the U.S. economy and the related decline in business travel; - competitive factors in our industry, including mergers and acquisitions; 2 - outcomes of negotiations on collective bargaining agreements; - changes in aircraft fuel prices; - disruptions to operations due to adverse weather conditions, air-traffic control-related constraints and labor issues such as whether Delta and Comair pilots ratify their respective tentative collective bargaining agreements; - fluctuations in foreign currency exchange rates; - governmental actions; - the willingness of customers to travel generally and with us specifically; and - the outcome of our litigation. Caution should be taken not to place undue reliance on our forward-looking statements, which are current only as of the date of this letter. Information about risks and uncertainties as of other dates can be found in Delta's past and future Forms 10-K and 10-Q and certain Forms 8-K filed with the Securities and Exchange Commission. Sincerely, Joe Kolshak Director - Investor Relations 3 Attachment A ESTIMATES OF CERTAIN DELTA FINANCIAL AND OPERATIONAL STATISTICS FOR THE JUNE 2001 QUARTER (CONSOLIDATED)

-----END PRIVACY-ENHANCED MESSAGE-----