Table T-5.13

Delta Air Lines

Normalized Income Statement
  1999 1998 1997
Sales 100 100 100
Cost of Goods Sold 0 0 0
Gross Profit 100 100 100
Operating Expenses 87 88 89
Operating Profit 13 12 11
Interest 1 1 2
Other 1 1 2
Profit before tax 12 12 10
Tax 5 5 4
Profit after tax 7 7 6
Source: Delta Air Lines 1999 Annual Report