DOCSLIB.ORG

The World Is Changed by Those out in It

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The World Is Changed by Those out in It THE WORLD IS CHANGED BY THOSE OUT IN IT. 2016 CORPORATE RESPONSIBILITY REPORT DELTA 2016 CORPORATE RESPONSIBILITY REPORT TABLE OF CONTENTS > INTRODUCTION CEO Message ...................................................................................................................................................................2 Delta By-the-Numbers ..................................................................................................................................................3 Awards .............................................................................................................................................................................. 4 Goals & Progress .............................................................................................................................................................5 Reporting Practices ......................................................................................................................................................12 Stakeholder Engagement ...........................................................................................................................................15 Corporate Governance .................................................................................................................................................16 > GLOBAL CONNECTION In This Chapter ..............................................................................................................................................................18 Economic Performance ..............................................................................................................................................20 Customer Health & Safety .........................................................................................................................................24 Customer Satisfaction ................................................................................................................................................30 Supply Chain ................................................................................................................................................................. 33 > ENVIRONMENTAL COMMITMENT In This Chapter .............................................................................................................................................................36 Environmental Compliance .......................................................................................................................................38 Waste Management....................................................................................................................................................44 Climate Change & Carbon Emissions ......................................................................................................................48 > DELTA PEOPLE In This Chapter .............................................................................................................................................................54 Employee Relations .....................................................................................................................................................57 Training & Education ...................................................................................................................................................62 Employee Health, Safety & Security .......................................................................................................................64 Ethics & Integrity .........................................................................................................................................................68 Diversity & Inclusion ...................................................................................................................................................69 > DELTA IN THE COMMUNITY In This Chapter .............................................................................................................................................................70 Our Force for Global Good ......................................................................................................................................... 72 Supporting Education ................................................................................................................................................. 74 Promoting Arts & Culture ..........................................................................................................................................77 Improving Global Wellness .......................................................................................................................................79 Advancing Global Diversity .......................................................................................................................................82 Saluting Armed Service Members & Veterans .....................................................................................................83 Sustaining the Environment .....................................................................................................................................85 > APPENDIX ...................................................................................................................................................................87 This report has been prepared in accordance with the comprehensive guidelines of the Global Reporting Initiative (GRI) G4 standards. Throughout the text, we have inserted corresponding GRI G4 indicators. INTRODUCTION | CEO Message A Message From Ed G4-1 I am regularly asked how Delta distinguishes itself as the narrowbody fleet over the next five years with fuel-efficient industry leader time and again in a business known as much and comfortable A321s, Bombardier CS100s and Boeing for its volatility as for its ingenuity. My response is always the 737-900ERs. same: No one else has our people. > We saved an incremental 9 million gallons of fuel in 2016 through measures as simple as reducing onboard weight, Delta’s top priority has always been to invest in each and lowering shades and opening vents in the passenger every one of our more than 80,000 employees worldwide cabin when landing at warm destinations. to ensure they have the tools and support they need to take > Delta also offset more than 3,200 metric tons of carbon care of our customers. Thanks to our employees, our emissions through our industry-leading carbon offset customers reward us with their business and loyalty, which program that offers customers ways to lighten their own benefits the shareholders who invest their money back into carbon footprint when flying, while we invested millions Delta. We call it the virtuous circle, a simple concept but in facilities upgrades to lessen the airline’s carbon footprint one that will sustain us for decades to come. on the ground and purchased offsets to maintain carbon Whether you’re an employee, a customer, a business partner neutral growth over our 2012 baseline. or a shareholder, all Delta stakeholders benefit from the decisions we make to drive the virtuous circle. At no other Delta people were doing all this while investing millions in time was this more apparent than in 2016 — a year in which customer-facing technology, ranging from RFID bag tags that Delta again saw stellar profits, increased confidence from track bags in real time to innovative security line bag scanning financial markets and unmatched investments in our people lanes, to make the customer travel experience more enjoyable. through pay increases, $1.5 billion in profit sharing and enhanced benefits programs. Having the right people, principles and guidelines in place has helped us secure our current position as one of the While we faced some notable challenges over the 12 months, world’s most admired airlines. At the core of our efforts is Delta emerged stronger from each, with an even greater training, education and continual engagement with employees, determination to maintain our position as the world’s most customers, investors, government agencies and community reliable, customer-centric and employee-focused airline. leaders with diverse backgrounds and experiences. Pursuing Notable accomplishments in 2016 included: minority- and woman-owned suppliers and holding vendors > Delta enshrined our longstanding support for the to Delta’s high ethical, environmental and human rights communities where we live and serve, with a commitment to standards is part of that effort. give back 1 percent of our net income from the previous year to key charitable organizations through cash contributions, This report is full of other examples and data that tell the story in-kind travel and grants from The Delta Air Lines Foundation. of our ongoing commitment to being a good steward of the > We expanded our role as a global leader in the fight environment, a positive force in the communities we serve, and against human trafficking, with enhanced employee a great place to work and fly. Sustainability is driving us forward training and partnerships including End Child Prostitution, and will be the key element in Delta’s continued success. Pornography and Trafficking and Out of Darkness. Thank you for taking the time > We continued our trend of improving our year-over-year to read Delta’s corporate global employee injury rate and analyzed data from more responsibility report. than 900,000
Load more

Recommended publications
  • IATA CLEARING HOUSE PAGE 1 of 21 2021-09-08 14:22 EST Member List Report
    IATA CLEARING HOUSE PAGE 1 OF 21 2021-09-08 14:22 EST Member List Report AGREEMENT : Standard PERIOD: P01 September 2021 MEMBER CODE MEMBER NAME ZONE STATUS CATEGORY XB-B72 "INTERAVIA" LIMITED LIABILITY COMPANY B Live Associate Member FV-195 "ROSSIYA AIRLINES" JSC D Live IATA Airline 2I-681 21 AIR LLC C Live ACH XD-A39 617436 BC LTD DBA FREIGHTLINK EXPRESS C Live ACH 4O-837 ABC AEROLINEAS S.A. DE C.V. B Suspended Non-IATA Airline M3-549 ABSA - AEROLINHAS BRASILEIRAS S.A. C Live ACH XB-B11 ACCELYA AMERICA B Live Associate Member XB-B81 ACCELYA FRANCE S.A.S D Live Associate Member XB-B05 ACCELYA MIDDLE EAST FZE B Live Associate Member XB-B40 ACCELYA SOLUTIONS AMERICAS INC B Live Associate Member XB-B52 ACCELYA SOLUTIONS INDIA LTD. D Live Associate Member XB-B28 ACCELYA SOLUTIONS UK LIMITED A Live Associate Member XB-B70 ACCELYA UK LIMITED A Live Associate Member XB-B86 ACCELYA WORLD, S.L.U D Live Associate Member 9B-450 ACCESRAIL AND PARTNER RAILWAYS D Live Associate Member XB-280 ACCOUNTING CENTRE OF CHINA AVIATION B Live Associate Member XB-M30 ACNA D Live Associate Member XB-B31 ADB SAFEGATE AIRPORT SYSTEMS UK LTD. A Live Associate Member JP-165 ADRIA AIRWAYS D.O.O. D Suspended Non-IATA Airline A3-390 AEGEAN AIRLINES S.A. D Live IATA Airline KH-687 AEKO KULA LLC C Live ACH EI-053 AER LINGUS LIMITED B Live IATA Airline XB-B74 AERCAP HOLDINGS NV B Live Associate Member 7T-144 AERO EXPRESS DEL ECUADOR - TRANS AM B Live Non-IATA Airline XB-B13 AERO INDUSTRIAL SALES COMPANY B Live Associate Member P5-845 AERO REPUBLICA S.A.
    [Show full text]
  • 100-150 Seat Large Civil Aircraft from Canada Conference 05-18-2017
    UNITED STATES INTERNATIONAL TRADE COMMISSION In the Matter of: ) Investigation Nos.: 100-TO 150-SEAT LARGE CIVIL AIRCRAFT ) 701-TA-578 AND FROM CANADA ) 731-TTA-1368 (PRELIMINARY) Pages: 1 -289 Place: Washington, D.C. Date: Thursday, May 18, 2017 Ace-Federal Reporters, Inc. Stenotype Reporters 1625 I Street, NW Suite 790 Washington, D.C. 20006 202-347-3700 Nationwide Coverage www.acefederal.com 1 1 THE UNITED STATES INTERNATIONAL TRADE COMMISSION 2 In the Matter of: ) Investigation Nos.: 701-TA-578 3 100-TO 150-SEAT ) and 731-TA-1368 4 LARGE CIVIL AIRCRAFT ) (Preliminary) 5 FROM CANADA ) 6 7 Thursday, May 18, 2017 8 Main Hearing Room 9 U.S. International 10 Trade Commission 11 500 E Street, S.W. 12 Washington, D.C. 13 The meeting commenced, pursuant to notice, at 14 9:30 a.m., before the United States International Trade 15 Commission Investigative Staff. Michael Anderson, 16 Supervisory Investigator, presiding. 17 18 APPEARANCES: 19 On behalf of the International Trade Commission: 20 Michael Anderson, Director of Investigations, 21 (presiding) 22 Douglas Corkran, Supervisory Investigator 23 Carolyn Carlson, Investigator 24 Nannette Christ, International Economist 25 Ace‐Federal Reporters, Inc. 202‐347‐3700 2 1 APPEARANCES (Continued): 2 Charles Yost, Accountant/Auditor 3 Karl von Schriltz, Attorney/Advisor 4 Russell Duncan, Statistician 5 6 William R. Bishop, Supervisory Hearings and 7 Information Officer 8 Sharon Bellamy, Records Management Specialist 9 Tyrell Burch, Legal Document Assistant 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Ace‐Federal Reporters, Inc. 202‐347‐3700 3 1 OPENING REMARKS: 2 Petitioners (Robert T.
    [Show full text]
  • Aircraft Noise and Operations Report 2014 Bi-Annual Summary January – June
    Aircraft Noise and Operations Report 2014 Bi-Annual Summary January – June Cincinnati/Northern Kentucky International Airport AIRCRAFT NOISE AND OPERATIONS REPORT 2014 BI-ANNUAL SUMMARY JANUARY - JUNE Table of Contents and Summary of Reports Aircraft Noise Report Page 1 This report details the locations of all complaints for the reporting period. Comparisons include state, county and areas within each county. Quarterly & Annual Comparison of Complaints Page 2 This report shows the trends of total complaints comparing the previous five years by quarter to the current year. Complaints by Category Page 3 Complaints received for the reporting period are further detailed by fourteen types of complaints, concerns or questions. A complainant may have more than one complaint, concern or question per occurrence. Complaint Locations and Frequent Complainants Page 4 This report shows the locations of the complainants on a map and the number of complaints made by the most frequent/repeat complainants for the reporting period. Total Runway Usage - All Aircraft Page 5 This report graphically shows the total number and percentage of departures and arrivals on each runway for the reporting period. Nighttime Usage by Large Jets Page 6 This report graphically shows the total number and percentage of large jet departures and arrivals on each runway during the nighttime hours of 10:00 p.m. to 7:00 a.m. for the reporting period. Nighttime Usage by Small Jets and Props Page 7 This report graphically shows the total number and percentage of small jet and prop departures and arrivals on each runway during the nighttime hours of 10:00 p.m.
    [Show full text]
  • APR 2009 Stats Rpts
    SUMMARY OF ENPLANED PASSENGERS Colorado Springs Airport Month Year-to-date Percent Percent Enplaned passengers by Airline Apr-09 Apr-08 change 2009 2008 change Scheduled Carriers Allegiant Air 2,417 2,177 11.0% 10,631 10,861 -2.1% American/American Connection 14,126 14,749 -4.2% 55,394 60,259 -8.1% Continental/Cont Express (a) 5,808 5,165 12.4% 22,544 23,049 -2.2% Delta /Delta Connection (b) 7,222 8,620 -16.2% 27,007 37,838 -28.6% ExpressJet Airlines 0 5,275 N/A 0 21,647 N/A Frontier/Lynx Aviation 6,888 2,874 N/A 23,531 2,874 N/A Midwest Airlines 0 120 N/A 0 4,793 N/A Northwest/ Northwest Airlink (c) 3,882 6,920 -43.9% 12,864 22,030 -41.6% US Airways (d) 6,301 6,570 -4.1% 25,665 29,462 -12.9% United/United Express (e) 23,359 25,845 -9.6% 89,499 97,355 -8.1% Total 70,003 78,315 -10.6% 267,135 310,168 -13.9% Charters Other Charters 120 0 N/A 409 564 -27.5% Total 120 0 N/A 409 564 -27.5% Total enplaned passengers 70,123 78,315 -10.5% 267,544 310,732 -13.9% Total deplaned passengers 71,061 79,522 -10.6% 263,922 306,475 -13.9% (a) Continental Express provided by ExpressJet. (d) US Airways provided by Mesa Air Group. (b) Delta Connection includes Comair and SkyWest . (e) United Express provided by Mesa Air Group and SkyWest.
    [Show full text]
  • 2015 Fourth Quarter Management Discussion and Analysis
    POINTS INTERNATIONAL LTD. MANAGEMENT'S DISCUSSION AND ANALYSIS INTRODUCTION The following management’s discussion and analysis (‘‘MD&A’’) of the performance and financial condition of Points International Ltd. and its subsidiaries (which are also referred to herein as “Points” or the “Corporation”) should be read in conjunction with the Corporation’s audited consolidated financial statements (including the notes thereto) for the years ended December 31, 2015 and 2014. Further information, including the Annual Information Form (“AIF”) and Form 40-F for the year ended December 31, 2015, may be accessed at www.sedar.com or www.sec.gov. All financial data herein has been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and all dollar amounts herein are in thousands of United States dollars unless otherwise specified. This MD&A is dated as of March 2, 2016 and was reviewed by the Audit Committee and approved by the Corporation’s Board of Directors. FORWARD-LOOKING STATEMENTS This MD&A contains or incorporates forward-looking statements within the meaning of United States securities legislation and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”). These forward-looking statements relate to, among other things, revenue, earnings, changes in costs and expenses, capital expenditures and other objectives, strategic plans and business development goals, and may also include other statements that are predictive in nature, or that depend upon or refer to future events or conditions, and can generally be identified by words such as “may”, “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions.
    [Show full text]
  • MAR 2009 Stats Rpts
    SUMMARY OF ENPLANED PASSENGERS Colorado Springs Airport Month Year-to-date Percent Percent Enplaned passengers by Airline Mar-09 Mar-08 change 2009 2008 change Scheduled Carriers Allegiant Air 3,436 3,735 -8.0% 8,214 8,684 -5.4% American/American Connection 15,900 15,873 0.2% 41,268 45,510 -9.3% Continental/Cont Express (a) 6,084 6,159 -1.2% 16,736 17,884 -6.4% Delta /Delta Connection (b) 7,041 10,498 -32.9% 19,785 29,218 -32.3% ExpressJet Airlines 0 6,444 N/A 0 16,372 N/A Frontier/Lynx Aviation 6,492 0 N/A 16,643 0 N/A Midwest Airlines 0 2,046 N/A 0 4,673 N/A Northwest/ Northwest Airlink (c) 3,983 6,773 -41.2% 8,982 15,110 -40.6% US Airways (d) 7,001 7,294 -4.0% 19,364 22,892 -15.4% United/United Express (e) 24,980 26,201 -4.7% 66,140 71,510 -7.5% Total 74,917 85,023 -11.9% 197,132 231,853 -15.0% Charters Other Charters 150 188 -20.2% 289 564 -48.8% Total 150 188 -20.2% 289 564 -48.8% Total enplaned passengers 75,067 85,211 -11.9% 197,421 232,417 -15.1% Total deplaned passengers 72,030 82,129 -12.3% 192,861 226,953 -15.0% (a) Continental Express provided by ExpressJet. (d) US Airways provided by Mesa Air Group. (b) Delta Connection includes Comair and SkyWest . (e) United Express provided by Mesa Air Group and SkyWest.
    [Show full text]
  • Attachment F – Participants in the Agreement
    Revenue Accounting Manual B16 ATTACHMENT F – PARTICIPANTS IN THE AGREEMENT 1. TABULATION OF PARTICIPANTS 0B 475 BLUE AIR AIRLINE MANAGEMENT SOLUTIONS S.R.L. 1A A79 AMADEUS IT GROUP SA 1B A76 SABRE ASIA PACIFIC PTE. LTD. 1G A73 Travelport International Operations Limited 1S A01 SABRE INC. 2D 54 EASTERN AIRLINES, LLC 2I 156 STAR UP S.A. 2I 681 21 AIR LLC 2J 226 AIR BURKINA 2K 547 AEROLINEAS GALAPAGOS S.A. AEROGAL 2T 212 TIMBIS AIR SERVICES 2V 554 AMTRAK 3B 383 Transportes Interilhas de Cabo Verde, Sociedade Unipessoal, SA 3E 122 MULTI-AERO, INC. DBA AIR CHOICE ONE 3J 535 Jubba Airways Limited 3K 375 JETSTAR ASIA AIRWAYS PTE LTD 3L 049 AIR ARABIA ABDU DHABI 3M 449 SILVER AIRWAYS CORP. 3S 875 CAIRE DBA AIR ANTILLES EXPRESS 3U 876 SICHUAN AIRLINES CO. LTD. 3V 756 TNT AIRWAYS S.A. 3X 435 PREMIER TRANS AIRE INC. 4B 184 BOUTIQUE AIR, INC. 4C 035 AEROVIAS DE INTEGRACION REGIONAL 4L 174 LINEAS AEREAS SURAMERICANAS S.A. 4M 469 LAN ARGENTINA S.A. 4N 287 AIR NORTH CHARTER AND TRAINING LTD. 4O 837 ABC AEROLINEAS S.A. DE C.V. 4S 644 SOLAR CARGO, C.A. 4U 051 GERMANWINGS GMBH 4X 805 MERCURY AIR CARGO, INC. 4Z 749 SA AIRLINK 5C 700 C.A.L. CARGO AIRLINES LTD. 5J 203 CEBU PACIFIC AIR 5N 316 JOINT-STOCK COMPANY NORDAVIA - REGIONAL AIRLINES 5O 558 ASL AIRLINES FRANCE 5T 518 CANADIAN NORTH INC. 5U 911 TRANSPORTES AEREOS GUATEMALTECOS S.A. 5X 406 UPS 5Y 369 ATLAS AIR, INC. 50 Standard Agreement For SIS Participation – B16 5Z 225 CEMAIR (PTY) LTD.
    [Show full text]
  • Pinnacle Airlines, Inc. CRJ200 124 CRJ900 16
    Forward-Looking Statement The use of words, such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “intends”, “future”, “potential” or “continue”, the negative of these terms and other comparable terminology are intended to identify forward-looking statements. These statements are only predictions based on our current expectations and projections about future events. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. In this regard, you should specifically consider the numerous risks outlined in our registration statement in the section entitled, “Risk Factors.” 1 Phil Trenary President and CEO 2 About Pinnacle Airlines Corp. Holding company with two operating subsidiaries: Pinnacle Airlines, Inc. and Colgan Air, Inc. Regional Airline Partnerships with Continental Airlines, Delta Air Lines, Northwest Airlines, United Airlines and US Airways Over 5,000 Employees Current fleet of 138 CRJ200 and 2 CRJ900 next generation regional jets, 42 Saab 340B and 7 Beech 1900D turboprop aircraft 14 additional CRJ900s on order for delivery by February 2009 15 Q-400 next generation turboprops on order. Deliveries start in December 2007, completed by June 30, 2008. 3 Guiding Principles – Pinnacle Airlines Never Compromise Safety Respect for All Pinnacle People We recognize safety as our highest We recognize the value of all People. priority in all aspects of the Airline. We will train our People in the areas of diversity and leadership, giving them the Commitment to Communications tools necessary to ensure relationships We will communicate timely and effectively any are based on the principle of mutual respect.
    [Show full text]
  • Delta Air Lines Ecosystem Atlanta, GA 30320 Phone: (404) 715-2600 Delta.Com
    Delta Air Lines 1030 Delta Blvd, Delta Air Lines Ecosystem Atlanta, GA 30320 Phone: (404) 715-2600 delta.com Outside Relationships Working Capital; Term Outside Relationships Loan Financing; Fuel, Delta Air Lines, Inc. (A Delaware Corporation) Regulators Capital Suppliers Customers Interest Rate and Securities Regulation Customers Suppliers Capital Regulators Foreign Currencies Debt Structure Equity Structure and Stock Exchange Hedging Programs US and Foreign Commercial Debt ($27.974 B @ 12/31/20) Credit Ratings: S&P – BB; Fitch – BB+; Moody’s – Baa3 Equity Listing Rules Securities Regulators Regulators Banks Secured by Slots, Secured by SkyMiles Assets Common Stock Unsecured 2022 – 2045 NYTDC Special Facilities 2021-2023 3.75% Revolving Secured by Aircraft Equity Capital Significant US Securities U.S. & Other Public Debt Bond Financing Gates and/or Routes 2023-2028 4.5% - 4.75% SkyMiles Notes $6.0B Authorized: 1,500,000,000 Shareholders 2021 – 2029 2.90% - 7.38% Revenue Bonds 4.00% - 5.00% $2.89B Credit Facility $2.65B (Undrawn) 2021-2032 0.81% - 5.75% Notes $1.28B Dividends and Exchange Environmental Holders Issued: 647,352,203 Unsecured Notes $5.35B 2030 1.00% Unsecured CARES Act 2021-2023 5.75% Term Loan 2025 7.00% Senior Secured (Currently Suspended) The Vanguard Commission Protection 2021-2028 2.00% - 8.02% Certificates $2.63B 2023-2027 4.75% SkyMiles Term Loan $3.0B Outstanding: 638,146,665 (SEC) JFK Airport Terminal #4 Payroll Support Program Loan $1.65B $1.49B Notes $3.5B Group Agencies (Air, New York Construction Financing (Financial Water, Soil, and Recordholders: 2,300 Professional Transportation (10.1%) Reporting, GHG Emissions Services Disclosure Development BlackRock Regulation and Governance Finance and Accounting Sales Marketing and Network and Revenue Firms Requirements; Permits) Corporation Communications Management Corporate Matters Fund Advisors Board of Directors Financial Planning Worldwide Customer King & Anti-Corruption U.S.
    [Show full text]
  • Loyalty Programs: the Vital Safety Feature for Airlines to Survive COVID-19
    The current issue and full text archive of this journal is available on Emerald Insight at: https://www.emerald.com/insight/2516-8142.htm Airline loyalty Loyalty programs: the vital programs safety feature for airlines to survive COVID-19 Manuel E. Pascual Chaplin School of Hospitality and Tourism, Florida International University, Miami, Florida, USA, and Received 9 March 2021 Revised 13 April 2021 Lisa Nicole Cain Accepted 14 April 2021 Hospitality and Tourism Management, Florida International University Biscayne Bay Campus, North Miami, Florida, USA Abstract Purpose – The airline industry has been severely impacted by COVID-19 due to widespread travel restrictions. Its current response is crucial to ensure continued operations after the global pandemic is resolved. One resource the airlines are leveraging is loyalty programs. This study aims to examine the viability of leveraging loyalty programs in times of crisis. Design/methodology/approach – This study employs a case study methodology to examine how one company, American Airlines, has used its loyalty program to survive a pandemic and alleviate the financial costs associated with limited and restricted travel. Findings – American Airlines’ AAdvantage loyalty program structure may be used as a benchmark to understand how airlines can anchor their loyalty base to reinvigorate travel interest and use these programs as safeguards in critical instances that may arise in the future. Research limitations/implications – The case was bound by the fact that the pandemic was still a threat during the time of analysis. The findings of this case study go beyond the airline industry and may inform other hospitality and tourism organizations on the benefits of loyalty programs in times of financial distress.
    [Show full text]
  • The Value of Monroe Energy, Llc for Delta Air Lines, Inc. Amid a Bearish
    A Work Project presented as part of the requirements for the Award of a Master Degree in Finance from the NOVA – School of Business and Economics. DELTA AIR LINES, INC. FLYING HIGH IN A COMPETITIVE INDUSTRY an Equity Research Report on Delta Air Lines, Inc. (DAL: NYSE) FRANCISCO SEQUEIRA DE PAIVA MARTINS DA SILVA STUDENT NUMBER 33897 PEDRO MANUEL CORREIA PEREIRA STUDENT NUMBER 33968 A Project carried out on the Master’s in Finance Program, under the supervision of: Professor Rosário André January 3rd, 2020 Abstract This equity research report will first be focusing on the North American Arline industry, analyzing its current form, as well as looking at industry’s opportunities and threats ahead. On top of this, an outlook over the airline industry will also be presented in order to give the investors an accurate view of the present and the future. A further analysis will then be conducted with regards do Delta Air Lines Inc. (DAL:NYSE), applying the previous research to provide a fair valuation for the group, resulting in an sustained recommendation of whether an investor should consider invest in DAL, or not. Keywords Delta Air Lines, Inc.; Airline; Equity Research; Valuation This work used infrastructure and resources funded by Fundação para a Ciência e a Tecnologia (UID/ECO/00124/2013, UID/ECO/00124/2019 and Social Sciences DataLab, Project 22209), POR Lisboa (LISBOA-01-0145-FEDER-007722 and Social Sciences DataLab, Project 22209) and POR Norte (Social Sciences DataLab, Project 22209). MASTERS IN FINANCE EQUITY RESEARCH DELTA AIR LINES, INC. COMPANY REPORT AIR TRANSPORTATION - AIRLINES JANUARY 3RD, 2020 STUDENTS: FRANCISO SILVA / PEDRO PEREIRA [email protected] / [email protected] Flying High In A Competitive Industry During the first 9-months of 2019, solid demand for air travel supported a 6.4% Recommendation: STRONG BUY growth of passenger revenue for Delta Air Lines, Inc.
    [Show full text]
  • Annual Report 2000
    Northwest Northwest Annual Report Airlines Corporation Corporation Annual Report 2000 Northwest Airlines Corporation 5101 Northwest Drive St. Paul, MN 55000-3034 www.nwa.com ©2000 Northwest Airlines Corporation 2000 Northwest Airlines Annual Report 2000 CONDENSED FINANCIAL HIGHLIGHTS Northwest Airlines Corporation Year Ended December 31 Percent (Dollars in millions, except per share data) 2000 1999 Change FINANCIALS Operating Revenues $ 11,415 $ 10,276 11.1 Operating Expenses 10,846 9,562 13.4 Operating Income $ 569 $ 714 Operating Margin 5.0% 6.9% (1.9)pts. Net Income $ 256 $ 300 Our cover depicts the new Detroit terminal, Earnings Per Common Share: due to open in 2001. Basic $ 3.09 $ 3.69 Diluted $ 2.77 $ 3.26 Number of Common Shares Outstanding (millions) 85.1 84.6 NORTHWEST AIRLINES is the world’s fourth largest airline with domestic hubs in OPERATING STATISTICS Detroit, Minneapolis/St. Paul and Memphis, Asian hubs in Tokyo and Osaka, and a Scheduled Service: European hub in Amsterdam. Northwest Airlines and its alliance partners, including Available Seat Miles (ASM) (millions) 103,356 99,446 3.9 Continental Airlines and KLM Royal Dutch Airlines, offer customers a global airline Revenue Passenger Miles (RPM) (millions) 79,128 74,168 6.7 network serving more than 785 cities in 120 countries on six continents. Passenger Load Factor 76.6% 74.6% 2.0 pts. Revenue Passengers (millions) 58.7 56.1 4.6 Table of Contents Revenue Yield Per Passenger Mile 12.04¢ 11.58¢ 4.0 Passenger Revenue Per Scheduled ASM 9.21¢ 8.64¢ 6.6 To Our Shareholders .
    [Show full text]