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Previous: DELTA AIR LINES INC /DE/, 8-K, EX-25.1, 2000-11-07 |
Next: DETROIT EDISON CO, 8-K, 2000-11-07 |
<PAGE> 1
EXHIBIT 99.1
DELTA AIR LINES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
(IN MILLIONS, EXCEPT SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
SEPTEMBER 30
------------------------------------
2000 1999
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<S> <C> <C>
OPERATING REVENUES:
Passenger $ 4,050 $ 3,593
Cargo 141 140
Other, net 154 96
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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
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Total operating expenses 3,835 3,493
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OPERATING INCOME 510 336
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</TABLE>
<PAGE> 2
\
<TABLE>
<S> <C> <C>
OTHER INCOME (EXPENSE):
Interest income (expense), net (64) (33)
Gains from the sale of investments -- 252
Miscellaneous income (expense), net (54) 14
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(118) 233
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INCOME BEFORE INCOME TAXES 392 569
INCOME TAXES PROVIDED, NET (159) (225)
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NET INCOME BEFORE CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING PRINCIPLE
233 344
CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING
PRINCIPLE, NET OF TAX
(100) (66)
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NET INCOME 133 278
PREFERRED STOCK DIVIDENDS (4) (3)
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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
============= =============
</TABLE>
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