Critical Analysis of Delta Airline
Critical Analysis of Delta Air Lines, Inc.
Financial Reporting and Disclosure
Table of Contents
Description of Delta Air Lines, Inc. Background, Industry, Market 3
Financial Reporting Similarities and Differences 4-5
Direction of Disclosure Three Year Comparison 5-6
Disclosure Techniques 7-8
Financial Derivatives 8-9
Financial Statement Analysis Three Year Ratio Analysis 10-13
Disclosure of Note Items Application of GAAP 13-18
Conclusion
Closing Comments 18-19
Description of Delta Air Lines, Inc.
Background and Products Delta Air Lines, Inc. was originally formed as Huff Daland Dusters, Inc. on May 30, 1924, in Macon, Georgia. This began as an aerial crop dusting operation until the company moved to Ouachita Parish in northeastern Louisiana, in 1925, and began acting as a passenger airline in late 1929. Collett E. Woolman purchased the company on September 13, 1928, and renamed it Delta Air Service, with headquarters in Monroe. In the ensuing decades, Delta grew through the addition of routes and the acquisition of other airlines. It transitioned from propeller planes to jets in the 1970s, and entered international competition to Europe in the 1970s and across the Pacific in the 1980s.
Delta Air Lines, Inc. is currently a major airline based in the United States headquartered in Atlanta. Delta is the world 's largest airline operating under a single certificate, operating flights on six continents across the globe. Delta operates an extensive domestic and international network, spanning North America, South America, Europe, Asia, Africa, the Middle East, the Caribbean and Australia. Delta and its subsidiary Delta Connection operate over 4,000 flights every day. Delta and the Delta Connection carriers fly to 348 destinations in 64 countries.
Industry and Market
Typically, airline companies and aircraft manufacturers are more prone to swings in revenue and equity market
Financial Reporting and Disclosure
Table of Contents
Description of Delta Air Lines, Inc. Background, Industry, Market 3
Financial Reporting Similarities and Differences 4-5
Direction of Disclosure Three Year Comparison 5-6
Disclosure Techniques 7-8
Financial Derivatives 8-9
Financial Statement Analysis Three Year Ratio Analysis 10-13
Disclosure of Note Items Application of GAAP 13-18
Conclusion
Closing Comments 18-19
Description of Delta Air Lines, Inc.
Background and Products Delta Air Lines, Inc. was originally formed as Huff Daland Dusters, Inc. on May 30, 1924, in Macon, Georgia. This began as an aerial crop dusting operation until the company moved to Ouachita Parish in northeastern Louisiana, in 1925, and began acting as a passenger airline in late 1929. Collett E. Woolman purchased the company on September 13, 1928, and renamed it Delta Air Service, with headquarters in Monroe. In the ensuing decades, Delta grew through the addition of routes and the acquisition of other airlines. It transitioned from propeller planes to jets in the 1970s, and entered international competition to Europe in the 1970s and across the Pacific in the 1980s.
Delta Air Lines, Inc. is currently a major airline based in the United States headquartered in Atlanta. Delta is the world 's largest airline operating under a single certificate, operating flights on six continents across the globe. Delta operates an extensive domestic and international network, spanning North America, South America, Europe, Asia, Africa, the Middle East, the Caribbean and Australia. Delta and its subsidiary Delta Connection operate over 4,000 flights every day. Delta and the Delta Connection carriers fly to 348 destinations in 64 countries.
Industry and Market
Typically, airline companies and aircraft manufacturers are more prone to swings in revenue and equity market