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
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1. In April 2008‚ Delta Airlines announced its intention to merge with and absorb Northwest Airlines‚ formerly known as Northwest Orient. Delta Airlines had already grown through the acquisition of Northeast in 1972 and Western Airlines in 1986. Northwest was also a large airline‚ having absorbed Republic Airlines‚ itself a merger of North Central Airlines‚ Southern‚ and later Hughes Air west. Republic had an important hub in Memphis‚ as did Federal Express. The result would be global airlines with
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cotton‚ and catfish are all images that come to mind when we hear “Mississippi Delta”. The Mississippi Delta has been described as the most southern place on earth and one of the most fertile agricultural areas in the United States. Yet it is that of extreme poverty in the Deep South. It is one of the poorest regions in the United States with poverty seen in housing‚ roads‚ health care‚ schools‚ and education. The Delta has been commonly thought of as‚ “too black‚ too poor and too uneducated.” The
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ASSIGNMENT 1 A) I’ve been waiting here for two hours. (grammar) 1. Meaning I started waiting here two hours ago I was waiting for two hours I am still waiting here now 2. Form I (subject pronoun) + have/has ( present simple to have)+ been (past participle of to be) + waiting (base verb+ing ) or subject + present perfect of “to be” + present participle of verb 3 Pronunciation Contraction of I and have /aiv /‚ been has a short i /i/‚ stress on
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1- What are the risks if the current status quo is maintained and Ron remains CEO for a few more years? Ron is 70 years old. He might be too old too hold an important rank as CEO at his age. He is ineligible for an executive role as this one because of health conditions. It would be acting as a "monarch" and lead the members of the company whether they are family or not to leave. The position Ron would be entitled to would affect the growth of the company if he were to do as he would like
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Labor Delta Airlines was founded by C.E. Woolman‚ an agriculture extension agent (Anthony‚ Kacmar‚ & Perrewe‚ 2010). C.E Woolman was not a banker‚ venture capitalist or war pilot‚ as many of the competing airlines were. He didn’t have the aggressive military style that many of the other airline founders had. What C.E. Woolman instilled within the employees at all levels of the organization is that people matter and should be treated fairly and equitably. This philosophy led Delta Airlines to
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All in all‚ according to the financial analysis made earlier in this essay‚ I would not recommend to invest in Delta airline‚ but do invest in Nike and AMEX centurion bank for the following reasons. Although Nike’s market performance is not very well‚ the customer value proposition is working and it has a superior competitive advantage over its rivals. The mix of services‚ amenities‚ and goods offered by the Nike help to build customer loyalty. According to the Exhibit B‚ we know that it’s ROA‚ ROE
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Delta Song Case Analysis Possible cost drivers that will allow us to estimate a salary cost function for Delta are: available seat miles‚ number of departures‚ available ton miles‚ revenue passenger miles‚ and revenue ton miles. The two cost drivers we chose were revenue passenger miles and available ton miles. The salaries consist of payments to pilots‚ flight attendants and ticket agents. Their salaries are determined by the number of passengers and cargoes and the miles or hours flown. This is
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What are the primary effects of the climate changes? The water supply of Ganges is schrinking and the river is going to dry out in the future‚ because the meltwater from the mountains is gone in 20 years and then there is no water anymore from glaciers. So in 20 years the river probably is a dry river. If the temperature is rising ‚the snow is melting of the Himalayan glaciers and an effect is that the melting water comes down into the river which causes heavely floodings. There are
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Six Sigma is a set of techniques and tools for process improvement. It was developed by Motorola in 1986‚ coinciding with the Japanese asset price bubble which is reflected in its terminology. Six Sigma became famous when Jack Welch made it central to his successful business strategy at General Electric in 1995. Today‚ it is used in many industrial sectors. Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability
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