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