Delta Air Corporation annual report 1939

Collection:
Delta Air Lines Annual Reports
Title:
Delta Air Corporation annual report 1939
Creator:
Delta Air Corporation
Date of Original:
1939
Subject:
Annual reports
Corporation reports
Delta Air Lines
Finance
Investor relations
Corporations--Investor relations
Location:
United States, Louisiana, Ouachita Parish, Monroe, 32.50931, -92.1193
Medium:
annual reports
Type:
Text
Format:
application/pdf
Metadata URL:
https://dlg.usg.edu/record/delta_dal-ar_dal-ar-1939
Digital Object URL:
http://dlg.galileo.usg.edu/do:delta_dal-ar_dal-ar-1939
Language:
eng
Bibliographic Citation (Cite As):
Cite as: [Title], Delta Air Lines Serial Publications, Delta Flight Museum
Original Collection:
Delta Air Lines Serial Publications
Holding Institution:
Delta Flight Museum
Rights:
Rights Statement information

DELTA AIR CORPORATION
REPORT TO STOCKHOLDERS
FOR ELEVEN MONTHS ENDED
MAY 31, 1939
DELTA AIR CORPORATION
BALANCE SHEET - MAY 31, 1939
ASSETS
CURRENT ASSETS :
Cash in Banks and on hand --------------------------------- ------------------------$ 44,430.05
Accounts Receivable:
Due from United States GovernmenL ______________ $44,023.90
Traffic and Agents --------------------------------- __________ 25,450.40
Miscellaneous ________________ ------------------------------------____ 7,856.21
Notes Receivable (Secured) ---------------------------------------------- ---- ____ _
77,330.51
5,843.10
TOTAL CURRENT ASSETS --------------------------------------$127,603.66
INVESTMENTS:
S toe ks _____ . __________ ____ ______ __________ __________ __________ ___________ ___ _______ __________ _______ $ 10.00
PROPERTY AND EQUIPMENT:
Airline Equipment__ ____________________________ $289,026.15
Less: Reserve for Depreciation _______ 196,107.59
Dusting Equipment _____
_________
______________ 24,677.76
Less: Reserve for Depreciation _______ 20,084.27
92,918.56
4,593.49
Spare Parts and Supplies _____________________________________ -------------------------
Eq ui pm en t in Process ___________________________________________________
________
________ _
DEFERRED CHARGES:
Prepaid Insurance ________________________ ---------------------____
______ ------------------
97,512.05
18,815.79
5,836.48
17,474.59
$267,252.57
j
\
LIABILITIES
CURRENT LIABILITIES:
Accounts Payable:
Tr ad e ______
_____________ ---------------------------______ ____ _
___ ______ $ 25,361.85
'Traffic -------------------------------------------------______
________ 13,336.17
$ 38,698.02
Notes Payable ------------------------------------------------ -------------------------------- 25,000.00
Accrued Liabilities:
Payrolls _____ -------------------------------------------------------------- 710. 00
Interest ______
__________
___ ------------------------------------------------- 625. 00
Taxes ----------------------------------------------__________ _______________ 4,520.01
Insurance --------------------------------------------------- __________ __ 1,719.88
7,574.89
TOTAL CURRENT LIABILITIES ------------------------ ----$ 71,272.91
rrickets Sold-Un used -------------------------------------------------------------------- 2,803.86
CAPITAL AND SURPLUS:
Common Stock:
Authorized 50,000 shares-No par value
Issued and outstanding-19,484 shares _
________ $145,660.00
Earned Surplus _____ _
___________________ ________________ __________
__ __ 47,515.80
193,175.80
267,252.57
DELTA AIR CORPORATION
STATEMENT OF PROFIT AND LOSS
For Eleven Months Ended May 31, 1939
OPERATING REVENUES:
Passenger --------------------------------------------------------________ $263,988.24
Mail --------------------------------------------------------------__ __ ________ 349,063.98
Express and Freight ______________________ ------------------------ 5,227.10
Miscellaneous ---------------------------------------------------------- 3,768.15
Dus ting __________________________ ------------------------------------------ 77,989.87
OPERATING EXPENSES:
Conducting Transportation ------------------------------------ $308,185.19
Maintenance and Repairs______________________________________ 92,671.12
Depreciation _____ . --------------------------------------------------__ 73,161.40
Traffic and Advertising __________________________ ------------- 56,992.74
General and Administrative __________________________________ 29,905.22
'I1axes (Social Security, Property and
Franchise) _____ ----------------------------------------------- ________ 12,670.81
Dusting (Total expenses) ______
______
__________________
________ 61,886.20
$700,037.34
$635,472.68
NET OPERATING INCOME ---------------------------------------$ 64,564.66
MISCELLANEOUS NON-OPERATING INCOME:
Interest and Cash Discounts -------------------------------------~ 582.67
0th er ------------------------------------____________________ __ ____ _
_
____________ 9 03. 54
1,486.21
$ 66,050.87
MISCELLANEOUS DEDUCTIONS:
Interest 2,434.68
NET INCOME FOR THE PERIOD ____________________________ $ 63,616.19
NOTE: No provision has been made for Income Taxes.

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