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EXHIBIT 99.2
SUPPLEMENTAL SEPTEMBER 2004 QUARTER DATA
September 2004 Quarter Vs. September 2003 Quarter
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o Total operating expenses for the quarter increased $556 million to $4.3
billion due primarily to higher fuel costs in the current year period.
Operating expenses, excluding a non-cash settlement charge related to
our defined benefit pension plan for pilots and an aircraft impairment
charge related to the sale of eight MD-11 aircraft in the September 2004
quarter, increased 13% to $4.2 billion on a 9% increase in capacity.
o Delta's total unit costs increased 5.4% to 10.96 cents from 10.40 cents.
Fuel price neutralized unit costs, excluding the settlement charge and
aircraft impairment charge, decreased 2.5% to 10.14 cents from 10.40
cents. Mainline fuel price neutralized unit costs excluding the
settlement charge and aircraft impairment charge, decreased 3.7% to 9.53
cents from 9.90 cents.
o Salaries and related costs increased 3.3%. This increase is primarily
due to higher pension expense, contractual increases for pilots and
growth at ASA and Comair, offset by our cost savings initiatives and
lower Mainline headcount.
o Aircraft fuel expense increased 63% due primarily to higher fuel prices
and increased capacity. Delta's average fuel price per gallon rose 52%
to $1.20 driving $285 million of the increase.
o Contracted services increased 20% due primarily to the suspension of the
TSA security fee in the prior year period, technology projects and
increased volume.
o Contract carrier arrangements increased by 10%. This is primarily due to
increased fuel price and higher capacity under certain of these
arrangements.
o Aircraft maintenance materials and outside repairs increased 22% mainly
due to increased materials volume resulting from the return of grounded
capacity and the initiation of heavy maintenance visits on regional
aircraft.
o Passenger commissions expense increased 15% primarily due to higher
volume.
o Passenger service increased 13% primarily due to increased costs from
traffic partially offset by lower expenses from our cost savings
initiatives.
o Other expenses increased 10% primarily due to increased professional
fees, additional capacity and higher miscellaneous taxes, partially
offset by lower frequent flyer program, supplies, utilities and
communications costs.
Other Items
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AIRCRAFT FLEET
Our aircraft fleet, orders, options and rolling options at September 30, 2004
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
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ROLLING
AIRCRAFT TYPE OWNED LEASED TOTAL ORDERS OPTIONS OPTIONS
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B-737-200 6 46 52 - - -
B-737-300 - 26 26 - - -
B-737-800 71 - 71 61 (1) 60 168
B-757-200 77 44 121 - - -
B-767-200 15 - 15 - - -
B-767-300 4 24 28 - - -
B-767-300ER 51 8 59 - 10 6
B-767-400 21 - 21 - 22 -
B-777-200 8 - 8 5 20 5
MD-11 - (2) 5 5 - - -
MD-88 63 57 120 - - -
MD-90 16 - 16 - - -
ATR-72 4 15 19 - - -
CRJ-100/200 106 123 229 32 130 -
CRJ-700 52 - 52 6 131 -
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Total 494 348 842 104 373 179
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(1) Includes 11 B-737-800 aircraft, which Delta has agreed to sell to a third
party immediately after those aircraft are delivered to Delta by the
manufacturer in 2005.
(2) Reflects the sale of 8 owned MD-11 aircraft to FedEx during the September
2004 quarter.