EXHIBIT 99.2
November 1, 2001
SUPPLEMENTAL SEPTEMBER 2001 QUARTER DATA
In an effort to make more efficient use of the time allocated for this morning's
conference call, we are providing detailed variance information on major expense
items to assist you in analyzing Delta's September 2001 quarterly results. This
information is intended to supplement that provided in the conference call
(scheduled for 11:00 a.m. EST today) and in the earnings release. September
quarter revenue performance will be discussed in the conference call.
SEPTEMBER 2001 QUARTER OPERATING EXPENSES
- Total operating expenses for the quarter decreased 4.9% to $3.6
billion. Excluding unusual charges, operating expenses decreased 1.8%
on a 6.0% decrease in capacity.
- Excluding unusual charges, Delta's total unit cost increased 4.5% to
9.94 cents from 9.51 cents. Non-fuel unit costs increased 6.4% to 8.69
cents from 8.17 cents.
- Salaries and related expense increased 1.7% primarily as a result of
higher pilot costs.
- Total fuel expense decreased 11.4%. Total gallons consumed fell 10.5%
due primarily to the decrease in fuel consumption as a result of
September 11 events. Delta's average fuel price per gallon, including
hedge proceeds, fell 1.1% to 69.6 cents from 70.4 cents.
- Depreciation and amortization increased 13.2% due to the acquisition of
54 new aircraft since September 30, 2000.
- Contracted services expense increased 4.2% due primarily to aircraft
repainting, and computer software maintenance.
- Aircraft maintenance increased 17.4% due to an increase in volume of
outside repairs on engine and other parts.
- Other selling expenses decreased 19.5% due primarily to lower volume of
credit card transactions as a result of September 11 events.
- Passenger commissions declined by 16.5% due to lower revenues.
- Passenger service decreased 6.7% due to lower volume resulting from
September 11 events.
- Interest expense, net increased $47 million as a result of higher
levels of debt outstanding.
- Gains on sales of investments includes an $11 million gain on the sale
of our investment in Equant.
- Miscellaneous income (expense) decreased $16 million as a result of
lower income from our equity investment in Worldspan.
OTHER ITEMS
Aircraft Fleet
Our total aircraft fleet, options and rolling options at September
30, 2001 are summarized in the following table. Options have scheduled
delivery slots. Rolling options replace options and are assigned delivery
slots as options expire or are exercised.
Current Fleet
-----------------------
Rolling
Aircraft Type Owned Leased Total Orders Options Options
-------------------- ----- ------ ----- ------ ------- --------
B-727-200 57 10 67 -- -- --
B-737-200 1 51 52 -- -- --
B-737-300 -- 26 26 -- -- --
B-737-600/700/800 58 -- 58 74 60 263
B-757-200 80 41 121 -- 20 62
B-767-200 15 -- 15 -- -- --
B-767-300/300ER 55 32 87 -- 11 11
B-767-400 16 -- 16 5 24 9
B-777-200 7 -- 7 6 20 20
L-1011-100 -- -- -- -- -- --
L-1011-250 -- -- -- -- -- --
MD-11 8 7 15 -- -- --
MD-88 63 57 120 -- -- --
MD-90 16 -- 16 -- -- --
EMB-120 45 5 50 -- -- --
ATR-72 4 15 19 -- -- --
CRJ-100/200 31 126 157 69 227 --
CRJ-700 -- -- -- 57 165 --
------ ----- ----- ----- ------ -----
Total 456 370 826 211 527 365
====== ===== ===== ===== ====== =====
The table above reflects the following changes which occurred
during the September 2001 quarter:
- We accepted delivery of eight B-737-800, one B-767-300ER, and
seven CRJ-200 aircraft.
- We retired three B-727-200, one L-1011-100, three L-1011-250,
and four EMB-120 aircraft.
- We leased two owned, and subleased three CRJ-100 aircraft to a
third party.
- We returned two B-737-200 aircraft to their lessors.
Please feel free to call me at 404-715-6679 if you have any questions. Thank you
for your continued support of Delta Air Lines.
Joe Kolshak