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): April 17, 2003
DELTA AIR LINES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5424 58-0218548
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
P.O. Box 20706, Atlanta, Georgia 30320-6001
(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.
(C) EXHIBITS
Exhibit 99.1 Press Release dated April 17, 2003 titled "Delta Air Lines
Reports First Quarter 2003 Results"
Exhibit 99.2 Supplemental Data sheet dated April 17, 2003 titled
"Supplemental March 2003 Quarter Data"
ITEM 9. REGULATION FD DISCLOSURE AND
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
Financial Results for the Quarter Ended March 31, 2003
Delta Air Lines, Inc. (Delta) today issued a press release reporting financial
results for the quarter ended March 31, 2003. The press release is attached as
Exhibit 99.1. Delta also will be providing supplemental data for the March 2003
quarter to certain analysts. The supplemental data is attached as Exhibit 99.2.
Pursuant to interim guidance from the Securities and Exchange Commission, this
information is also deemed furnished under new Item 12 "Results of Operations
and Financial Condition" of Form 8-K.
Forward Looking Statements
Statements in this Form 8-K including exhibits, oral statements made during
Delta's webcast conference call on April 17, 2003, and statements otherwise
made by Delta or on Delta's behalf which are not historical facts, including
statements about Delta's estimates, expectations, beliefs, intentions,
projections 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 Delta's
present expectations. Factors that could cause these differences include, but
are not limited to:
1. the many effects on Delta and the airline industry from the
terrorist attacks on the United States on September 11, 2001,
including the following:
(a) the adverse impact of the terrorist attacks on the
demand for air travel;
(b) the change in Delta's operations and higher costs
resulting from, and customer reaction to, new
airline and airport security directives;
(c) the availability and cost of war and terrorism risk
and other insurance for Delta;
(d) potential declines in the values of the aircraft in
Delta's fleet or facilities and related asset
impairment charges;
2. the availability to Delta of financing on commercially
reasonable terms, which may be influenced by, among other
things, airline bankruptcies, the creditworthiness of the
airline industry in general and Delta in particular and
actions by rating agencies;
3. continued geopolitical uncertainty, including additional
terrorist activity and the effects of the war in Iraq;
4. general economic conditions, both in the United States and in
our markets outside the United States;
5. the willingness of customers to travel generally, and with
Delta specifically, which could be affected by factors such
as Delta's and the industry's safety record and geopolitical
uncertainty;
6. competitive factors in our industry, such as airline
bankruptcies, the airline pricing environment, the growth of
low-cost carriers, international alliances, codesharing
programs, capacity decisions by competitors and mergers and
acquisitions;
7. outcomes of negotiations on collective bargaining agreements
and other labor issues;
8. changes in the availability or cost of aircraft fuel or fuel
hedges;
9. disruptions to operations due to adverse weather conditions
and air traffic control-related constraints;
10. actions by the United States or foreign governments,
including the Federal Aviation Administration and other
regulatory agencies; and
11. the outcome of Delta's litigation.
Caution should be taken not to place undue reliance on Delta's forward-looking
statements, which represent Delta's views only as of April 17, 2003, and which
Delta has no current intention to update.
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
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Edward H. Bastian
Senior Vice President - Finance and
Controller
Date: April 17, 2003
EXHIBIT INDEX
Exhibit Number Description
Exhibit 99.1 Press Release dated April 17, 2003 titled
"Delta Air Lines Reports First Quarter 2003 Results"
Exhibit 99.2 Supplemental Data sheet dated April 17, 2003 titled
"Supplemental March 2003 Quarter Data"