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Delta Air Lines, Inc. – Company Information

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Delta Air Lines, Inc. is an American airline, based in Atlanta, Georgia, that focuses on providing domestic and international air transportation for passengers and cargo.

Delta Air Lines, Inc. provides its service to around 165 million customers each year – with more than 4,900 daily flights.

The company has an extensive global route network, centered around its system of hubs and international gateway airports, distributing traffic to 322 destinations in 59 countries (596 destinations in 116 countries including worldwide partners).

It has a fleet of over 700 aircrafts, which are primarily manufactured by Boeing, Airbus, and McDonnell Douglas.

Delta’s hubs are located in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.

America’s oldest surviving airline

It is the oldest American airline still operating in the United States. Its history traces back to an aerial crop dusting operation, called Huff Daland Dusters, which was incorporated in Macon, Georgia, in 1924. It was renamed “Delta Air Service” in 1928 and a year later the company began carrying passengers.

The company is a founding member of the SkyTeam global alliance, which allows Delta to link its network with the route networks of the other member airlines. Other members of SkyTeam are Aeroflot, Aerolineas Argentinas, Aeroméxico, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, CSA Czech Airlines, Kenya Airways, KLM, Korean Air, Middle East Airlines, Saudi Arabian Airlines, Tarom, Vietnam Airlines and Xiamen Airlines.

Delta Air Lines, Inc. also operates trans-Atlantic joint ventures with Air France-KLM, Alitalia, and Virgin Atlantic.

The company is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘DAL’.

Overview

Delta Air Lines inc logo

  • CEO: Richard H. Anderson
  • President: Edward H. Bastian
  • Chairman: Daniel A. Carp
  • CFO: Paul A. Jacobson
  • Type: Public
  • Industry: Airline
  • Publicly listed on the New York Stock Exchange (NYSE)
  • NYSE stock ticker symbol: DAL
  • S&P 500 Component
  • Revenue: $37.773 billion USD (2013)
  • Net income: $10.540 billion USD (2013)
  • Diluted earnings per share: $12.29 USD (2013)
  • Founded: 1924
  • Employees: 77,755 (2013)
  • Corporate headquarters: 1030 Delta Boulevard, Atlanta, GA 30354-1989, USA
  • Corporate contact number: (404) 715-2600
  • Investor relations contact number: 404-715-2170
  • Investor relations email address: [email protected]
  • Website: http://www.delta.com/

Net Sales and Revenues (in $ millions) 2013 2012
Mainline revenue $26,534 $25,173
Regional carriers revenue $6,408 $6,581
Cargo revenue $937 $990
Other revenue $3,894 $3,926
Total operating revenue $37,773 $36,670
Costs and Expenses (in $ millions)
Aircraft fuel and related taxes $9,397 $10,150
Salaries and related costs $7,720 $7,266
Regional carrier expense $5,669 $5,647
Aircraft maintenance materials and outside repairs $1,852 $1,955
Contracted services $1,665 $1,566
Depreciation and amortization $1,658 $1,565
Passenger commissions and other selling expenses $1,603 $1,590
Landing fees and other rents $1,410 $1,336
Passenger service $762 $732
Profit sharing $506 $372
Aircraft rent $209 $272
Restructuring and other items $402 $452
Other $1,520 $1,592
Total operating expense $34,373 $34,495
Income Data (in $ millions)
Operating Income $3,400 $2,175
Total other expense, net $(873) $(1,150)
Income Before Income Taxes $2,527 $1,025
Income Tax Benefit (Provision) $8,013 $(16)
Net Income $10,540 $1,009
Comprehensive Income (Loss) $13,987 $(802)
Balance Sheet Data (in $ millions)
Total assets $52,252 $44,550
Long-term debt and capital leases $9,795 $11,082
Total stockholders’ equity (deficit) $11,643 $(2,131)
Cash flow data (in $ millions)
Net cash provided by operating activities $4,504 $2,476
Net cash used in investing activities $(2,756) $(1,962)
Net cash used in financing activities $(1,320) $(755)
Cash and cash equivalents at end of period $2,844 $2,416
Common share data (in $)
Basic earnings (loss) per common share $12.41 $1.20
Diluted earnings (loss) per common share $12.29 $1.19

Source: “Delta Air Lines, Inc. 2013 FORM 10-K Annual Report”


News:

August 10, 2014: Delta Air Lines was voted the best US airline in 2014. It had lowest proportion of mishandled luggage, the best on-time arrivals record, canceled the fewest flights, and also got top marks for the most improved customer service. Quite a feat for a carrier that came in last in 2013.