-----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, SqK2jualAPMsm4KtKuJuXcr/5ZcAR4B/hOaZxcLPnLype+1/jJwB2SPBlu7iwafY j6NB/kqBQh+egV7gxU64fw== 0000950144-01-504990.txt : 20010801 0000950144-01-504990.hdr.sgml : 20010801 ACCESSION NUMBER: 0000950144-01-504990 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010620 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010731 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: 1693852 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 g70790e8-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 20, 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 5. Other Events

Recent Financial Results

     On July 19, 2001, Delta Air Lines, Inc. (“Delta”) announced its unaudited financial results for the three months and six months ended June 30, 2001 and 2000. Delta also announced on that date that it expects to report a loss for the three months ending September 30, 2001.

     Delta is filing herewith as Exhibit 99.1 its unaudited Consolidated Statements of Operations for the three months and six months ended June 30, 2001 and 2000, which are incorporated herein by reference.

Labor Developments

     On June 20, 2001, Delta pilots ratified a new collective bargaining agreement between Delta and the Air Line Pilots Association, International (ALPA), the union that represents Delta pilots. The new contract becomes amendable on May 1, 2005.

     On June 22, 2001, Comair pilots ratified a new collective bargaining agreement between Comair and ALPA, the union that represents Comair pilots, ending their 89-day strike. The new contract becomes amendable on May 21, 2006.

Forward-Looking Statements

     Statements in this Form 8-K which are not purely historical facts, including statements about our estimates, expectations, 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 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; outcomes of negotiations on collective bargaining agreements and other labor matters; changes in aircraft fuel prices; disruptions to operations due to adverse weather conditions or air traffic control-related constraints; 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 Form 8-K. More detailed information about risks and uncertainties as of other dates can be read in Delta’s past and future Forms 10-K and 10-Q and certain Forms 8-K filed with the Securities and Exchange Commission.

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Item 7. Financial Statements and Exhibits

     (c)  Exhibits. The Exhibit Index on page 5 is hereby incorporated by reference.

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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.
 
        /s/ Edward H. Bastian
       
    BY:   Edward H. Bastian
        Senior Vice President — Finance and Controller
Date: July 31, 2001        

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EXHIBIT INDEX

     
Exhibit No   Description
 
99.1   Delta’s unaudited Consolidated Statements of Operations for the three month and six month periods ended June 30, 2001 and 2000.

-5- EX-99.1 3 g70790ex99-1.txt DELTA'S UNAUDITED CONSOLIDATED STATEMENTS 1 Exhibit 99.1 DELTA AIR LINES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (IN MILLIONS, EXCEPT SHARE DATA)
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 -------------------------------- -------------------------------- 2001 2000 2001 2000 -------------- -------------- -------------- -------------- OPERATING REVENUES: Passenger $ 3,537 $ 4,190 $ 7,135 $ 7,856 Cargo 131 145 271 286 Other, net 108 134 212 238 -------------- -------------- -------------- -------------- 3,776 4,469 7,618 8,380 OPERATING EXPENSES: Salaries and related costs 1,567 1,514 3,181 2,942 Aircraft fuel 463 461 977 895 Depreciation and amortization 331 302 655 599 Contracted services 254 236 512 464 Landing fees and other rents 196 195 398 383 Aircraft maintenance materials and outside repairs 193 195 380 366 Aircraft rent 186 186 374 371 Other selling expenses 164 172 344 333 Passenger commissions 144 176 285 345 Passenger service 128 114 243 216 Other special charges 60 86 60 86 Other 204 226 438 431 -------------- -------------- -------------- -------------- Total operating expenses 3,890 3,863 7,847 7,431 -------------- -------------- -------------- -------------- OPERATING INCOME (LOSS) (114) 606 (229) 949 -------------- -------------- -------------- -------------- OTHER INCOME (EXPENSE): Interest expense, net (91) (67) (177) (136) Gains from sales of investments 7 228 7 301 Fair value adjustments of SFAS 133 derivatives 112 -- 95 -- Miscellaneous income (expense), net (13) 8 (17) 25 -------------- -------------- -------------- -------------- 15 169 (92) 190 -------------- -------------- -------------- -------------- INCOME (LOSS) BEFORE INCOME TAXES (99) 775 (321) 1,139 INCOME TAXES PROVIDED, NET 9 (315) 98 (462) -------------- -------------- -------------- -------------- NET INCOME (LOSS) (90) 460 (223) 677 PREFERRED STOCK DIVIDENDS (4) (3) (7) (6) -------------- -------------- -------------- -------------- NET INCOME (LOSS) AVAILABLE TO COMMON SHAREOWNERS $ (94) $ 457 $ (230) $ 671 ============== ============== ============== ============== BASIC EARNINGS (LOSS) PER SHARE $ (0.76) $ 3.73 $ (1.87) $ 5.38 ============== ============== ============== ============== DILUTED EARNINGS (LOSS) PER SHARE $ (0.76) $ 3.51 $ (1.87) $ 5.11 ============== ============== ============== ============== WEIGHTED AVERAGE SHARES USED IN PER SHARE COMPUTATION Basic 123,052,899 122,558,486 123,041,961 124,720,905 Diluted 123,052,899 130,950,392 123,041,961 132,086,711 DIVIDENDS PER COMMON SHARE $ 0.025 $ 0.025 $ 0.050 $ 0.050 ============== ============== ============== ==============
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