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): January 7, 1997
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 (IRS Employer
of incorporation) File Number) Identification No.)
Hartsfield Atlanta International Airport, Atlanta, Georgia 30320
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(Address of principal executive offices)
Registrant's telephone number, including area code: (404) 715-2600
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ITEM 5. OTHER EVENTS
On January 7, 1997, Delta Air Lines, Inc. ("Delta") announced a series
of actions to strengthen its international operations. These actions, which are
scheduled to be implemented between April 1997 and June 1997, include the
following:
. New International Service at JFK Airport. Beginning nonstop service
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between New York's John F. Kennedy International Airport ("JFK
Airport") and Istanbul, Madrid and Manchester; extending existing
service between JFK Airport and Athens from seasonal to year round;
and adding a second, seasonal daily flight between JFK Airport and
Rome.
. New Domestic Service at JFK Airport. Initiating daily nonstop
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service between JFK Airport and Houston, Philadelphia and Seattle;
and adding a third daily nonstop flight between JFK Airport and Los
Angeles.
. Other Changes at JFK Airport. Retiming Delta's operations at JFK
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Airport to improve connecting times between domestic and
international flights.
. Restructure Operations at Frankfurt, Germany. Discontinuing service
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between Frankfurt and Athens, Bucharest, Istanbul, Moscow, Warsaw and
St. Petersburg; and terminating nonstop service between Frankfurt and
Los Angeles, Orlando and Dulles Airport in Washington, D.C.
. Other New International Service. Adding a daily flight between
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Atlanta and Stuttgart and between Atlanta and Zurich.
Delta expects these actions will improve its system operating income by
approximately $62 million a year. As a result of these actions, Delta will
record during the March 1997 quarter restructuring and other non-recurring
charges of up to $60 million, primarily consisting of personnel severance
charges.
The above information regarding Delta's projected improvement in system
operating income is forward-looking information, and the actual results could
differ materially from the results that Delta currently anticipates. The
specific factors and events that could cause the actual results to differ
materially from the expected results include, among other things, (1)
competitive factors such as the airline pricing environment and the capacity
decisions of other airlines; (2) general economic conditions; (3) changes in jet
fuel prices; (4) fluctuations in foreign currency exchange rates; (5) actions by
the United States and foreign governments; and (6) the willingness of customers
to travel.
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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.
By: /s/ Thomas J. Roeck, Jr.
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Thomas J. Roeck, Jr.
Senior Vice President-Finance and
Chief Financial Officer
Date: January 7, 1997
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