ANNUAL REPORT 
DELTA AIR CORPORATION 
  ~~~~~~o E LTA AIR CO RPO KATI ON~~~~~ 
DIRECTORS 
D. Y. SMITH 
M. S. BIEDENHARN 
C. E. FAULK 
C. H. McHENRY 
TRAVIS OLIVER 
LAIGH C. PARKER 
C. E. WOOLMAN 
OFFICERS 
C. E. FAULK, President 
C. E. WOOLMAN, Vice-President and General Manager 
LAIGH C. PARKER, Vice-President-Traffic 
M. S. BIEDENHARN, Vice-President 
C. H. McHENRY, Secretary 
TRAVIS OLIVER, Treasurer 
TRANSFER AGENT 
THE CITIZENS & SOUTHERN NATIONAL BANK  Atlanta, Georgia 
REGISTRAR 
TRUST COMPANY OF GEORGIA    Atlanta, Georgia 
AUDITORS 
COX & FRAZER 
Certified Public Accountants  Monroe, Louisiana 
GENERAi, OFFICES 
DELTA AIR LINES BUILDING  MUNICIPAL AIRPORT  ATLANTA, GEORGIA 
[A Louisiana Corporation] 
 ~~~z R E P O R T 0 F TD E P R E S I D E N T~~~~ 
To the Stockholders of 
Delta Air Corporation 
We take pleasure in presenting our annual report covering operations for the year ending 
June 30, 1941. We present also an interesting comparative statement of profit and loss cov- 
ering the years ending 1939-1941 inclusive. 
OPERATIONS 
The year ending June 30, 1941, showed a net loss from airline operations of $154,675.66. 
Dusting operations showed a net profit of $9,633.63. A profit of $41,931.10 was realized 
from the sale of four Douglas DC-2 airplanes to the British Purchasing Commission and 
$33,751.81 from the sale of one Lockheed Electra to the Waterman Air Lines. Deducting 
these profit items from airline operating loss leaves a net loss for the year of $45,172.56. 
Important items contributing to decreased earnings include the added costs flowing from the 
operation of more mileage with larger ships, depreciation on enlarged investment in new 
-quipment, generally rising salaries, rents, and cost of supplies, and extensive training pro- 
grams for replacement of personnel called to military duty. 
CAPITAL STOCK 
During the year the number of shares of authorized stock was increased from 50,000 shares 
to 500,000 shares with a provision for the exchange of the old stock on a ratio of one share 
old for four shares of new stock. Capital stock is carried on the books at the amount received 
from the sales of stock. Below we show an analysis of the changes in capital stock during 
the year: 
June 30, 1940, outstanding 
Exchanged old for new 
Sold during year at $8.25 per share 
June 30, 1941, outstanding 
SHARES 
Old New 
34,596 
[33,520] 
1,076 
~ 
134,080 
60,000 
194,080 
$355,740.00 
495,000.00 
$850,740.00 
During the year your Company registered with the Securities and Exchange Commis- 
sion 52,736 shares of stock, already issued. The reason for the registration of this block of 
stock was to cure a technical defect in its sale. An additional registration of 60,000 new 
shares was made with the Securities and Exchange Commission. This stock was sold under 
contract to Courts & Company, investment bankers, Atlanta, Georgia, for $8.25 per share 
 net to the Company. The cost of registration, attorney's fees, accounting, printing, mailing, 
travel expense, etc., amounted to $12,464.10, which is being amortized over a period of 
one year. 
FUNDED DEBT 
In January and February, 1941, loans aggregating $650,000.00 were made from the Trust 
Company of Georgia. $150,000.00 of the above amount was on a temporary basis and was 
repaid from sale of equipment. A chattel mortgage note for $500,000.00 covering five 
Douglas DC-3, 21-passenger airplanes, was made to the Trust Company of Georgia, Atlanta, 
Georgia. This note was made payable in fifty equal monthly installments of $10,000.00 
each at a rate of 3 per cent interest per annum, the note being made payable on or before 
maturity without penalty. The monthly payments are being made regularly and $200,000.00 
additional has been paid on this account from the stock sale funds. The Citizens & Southern 
National Bank, Atlanta, Georgia, is a part owner of the above obligation. Temporary loans 
of $25,000.00 and $40,000.00 were made in February and April, 1941, from the Central 
Savings Bank and Trust Company and The Ouachita National Bank, Monroe, Louisiana, 
respectively, and were repaid from the stock sale proceeds. 
OFFICE, SHOPS AND HANGAR 
On November 4, 1940, your Company entered into an agreement with the City of Atlanta, 
Georgia, to lease for twenty [20] years a hangar which was to be erected immediately. 
The hangar was erected at a cost of $127,251.33. Of this amount, the City of Atlanta fur- 
nished $50,000.00 and the Company the remainder. The agreement provides that the Com- 
pany shall pay as rent $2,500.00 per year in monthly installments during the lease, in ad- 
dition to the amount furnished by the Company to finance the hangar. The Company's por- 
tion of the hangar cost is being amortized over a 20-year period beginning March 1, 1941. 
FINANCIAL POSITION 
CURRENT ASSETS: Cash on hand and in banks on June 30, 1941, amounted to $112,541.54. 
Accounts receivable, traffic balances, U. S. Government, etc., amounted to $200,639.52. 
Inventories [at cost] were $44,988.28, making a grand total of $358,169.34. 
CURRENT LIABILITIES, including traffic balances, trade creditors, etc., were $116,952.82. 
Notes payable-banks $47,437.63; equipment purchase obligations-due within one year 
$120,000.00; transportation purchased and not used $7,431.97; accrued social security and 
property taxes, insurance, etc., $15,434.26. Total $307,256.68. All accounts payable are 
current. The ratio of Current Assets to Current Liabilities at June 30, 1941, was 1.17 to 1 
compared with 1.81 to 1 a year ago. 
Included as a part of this report is the Company's Balance Sheet at June 30, 1941. 
 EQUIPMENT 
During the fiscal year your Company purchased five new Douglas DC-3, 21-passenger, au- 
planes from the Douglas Aircraft Corporation, Santa Monica, California. Spare engines, 
propellers and necessary parts were also purcha.sed. A total of $779,550.49 was expended 
for this new equipment. Four Douglas DC-2, 14-passenger, airplanes with all spare equip- 
ment were sold for $197,544.04 and one Lockheed Electra, IO-passenger, plane was sold 
for $35,000.00. The above sales showed a net profit of $75,712.75. 
Your Company is presently operating five Douglas DC-3 and four Lockheed Electra 
airplanes. To take care of constantly increasing traffic, your Company has contracted for six 
additional DC-3's. 
Based on information at hand, deliveries of additional planes to Air Line Operators 
will be resumed in June, 1942. 
NEW ROUTES 
On January 30, 1941, a Certificate of Public Convenience and Necessity was granted your 
Company to operate a new route, designated as Route 54, from Atlanta, Georgia, to Cincin- 
nati, Ohio, via Knoxville, Tennessee, and Lexington, Kentucky. Passenger and express serv- 
ice, using DC-3, 21-passenger, equipment on two round trips daily, was inaugurated over 
this route on April 15 and on July 15 mail was authorized by the Post Office on two of the 
four schedules being operated over this new route. 
Your Company on January 30 was also granted an extension to its Route 24 from 
Augusta, Georgia, to Savannah, Georgia, and on May 1 double daily service was inaugu- 
rated from Atlanta to Savannah, using IO-passenger, Electra, equipment. On July 15 mail 
pay was authorized by the Post Office for one round trip daily from Augusta to Savannah 
and mail was authorized on all flights between Atlanta and Savannah on a weight credit basis. 
The very splendid reception and patronage by the Public of the new Cincinnati route 
and the Savannah extension has been most gratifying. 
Your Company has filed applications with the Civil Aeronautics Board for the follow- 
ing new routes: 
1. Extension to Route 24 from Shreveport, Louisiana, to New Orleans, Louisiana, via Alex- 
andria, Louisiana, and Baton Rouge, Louisiana. Hearing on this application was held on 
September 29, 1941, and an early decision by the Board was urged. Other applicants for 
this route are: National Air Lines, Chicago & Southern Air Lines, and Braniff Airways, Inc. 
Eastern Air Lines applied for a route from New Orleans, Louisiana, to Dallas - Ft. Worth, 
Texas, via Baton Rouge and Lake Charles, Louisiana. 
2. From Columbia, South Carolina [ an intermediate stop on Route 24], to Knoxville, 
Tennessee, via Charlotte, N~rth Carolina, and Asheville, North Carolina, and from the in- 
 termediate stop on Route 24 of Columbia, South Carolina, to Knoxville, Tennessee, via 
Spartanburg, South Carolina, Greenville, South Carolina, and Asheville, North Carolina. 
3. Extension to Route 24 from Savannah, Georgia, to Jacksonville, Florida, via Bruns- 
wick, Georgia. 
Nate-Competitive applications have been filed on Numbers 2 and 3. 
4. Application for permission to add Louisville, Kentucky, as an intermediate stop on Route 
54 between Knoxville, Tennessee, and Cincinnati, Ohio. 
5. For a route extending from Cincinnati, Ohio, to Roanoke, Virginia, via Charleston, West 
Virginia, and from Roanoke, Virginia, via Lynchburg, Virginia, and Richmond, Virginia, 
and also from Roanoke, Virginia, to Columbia, South Carolina, via Winston-Salem and 
Charlotte, North Carolina. 
No dates have yet been set by the Civil Aeronautics Board for hearing on the last four 
mentioned applications. 
RATE CASE 
On April 28, 1941, a hearing was held before the trial examiner of the Civil Aeronautics 
Board involving Delta's rate of mail pay on Route 24 and Route 54 in which Delta asked for 
an increase over its present rate of mail pay. The report of the examiner was rendered on 
October 9, 1941, recommending pay for all weight-credit schedules from December 15, 
1939, and a substantial increase in mail revenue to your Company. This report will now 
go to the Civil Aeronautics Board for final decision. 
Atlanta, Georgia 
November 12, 1941. 
C. E. FAULK, 
President 
 A IR C OR P OR AT I ON~~~~~~~~~~~~~~~~~~~~~ 
Atlanta, Georgia 
B A L A .N C E S H E E T  J U N E 3 0 , I 9 4 I 
ASSETS LIABILITIES 
CURRENT ASSETS 
Cash: 
Working Funds 
Undeposited, on Hand 
In Banks 
Accounts Receivable: 
Traffic Balances due Us 
U. S. Government 
Trade Accounts 
Trade Creditors-. Dr. Balances 
Due from Employees 
Due from Agents 
Inventories [ at Cost]  
TOTAL CURRENT ASSETS 
OTHER ASSETS 
$ 1,645.11 
42,418.40 
68,478.03 $112,541.54 
$122,508.41 
60,741.49 
10,120.01 
3,990.78 
2,470.25 
808.58 200,639.52 
44,988.28 
$ 10.00 
$ 358,169.34 
Stock-1 Sh. Aeronautical Radio, Inc. [ at Cost] 
Deposits-Meter, Postage and Travel Plan 467 .43 4 77 .43 
EQUIPMENT 
Airline 
Dusting 
Equipment in Process 
PREPAID EXPENSES 
Insurance 
Rentals 
DEFERRED CHARGES 
COST 
$1,041,322.27 
28,410.44 
$1,069,732.71 
Expense in Re: Capital Stock 
Pre-inaugural Expenses, Route 54 
Expenses Incurred in Re: Application 
for Additional Routes 
DEPRECIATION 
TAKEN 
, - - - - - A - - - _ 
$293,831.88 
24,017.91 
$317,849.79 
BOOK 
VALUE 
, - - - - - A - - - _ 
$747,490.39 
4,392.53 
$751,882.92 
2,126.60 754,009.52 
$ 31,837.51 
76,471.65 108,309.16 
$ 12,464.10 
2,036.59 
7,357.98 21,858.67 
CURRENT LIABILITIES 
Accounts Payable: 
Trade Creditors 
Traffic Balances due Others 
Due to Employees 
Due to Agents 
Notes Payable-Banks 
Equipment Purchase Obligations 
due within one year 
Transportation Purchased but not used 
Accrued Expenses: 
Social Sepurity Taxes 
Alabama State Income Taxes 
Property Taxes 
Insurance 
Interest 
ToT AL CURRENT LIABILITIES 
LONG TERM DEBT 
Equipment Purchase Obligations 
Less: Amount Payable within 1 year 
TOTAL LIABILITIES 
$ 62,940.18 
53,407.03 
365.64 
239.97 
$ 8,359.87 
890.30 
1,867.40 
4,237.63 
79.06 
NET WORTH 
CAPITAL STOCK 
Authorized-500,000 Sh. No. Par Common 
Outstanding-194,080 Sh. New Stock 
Outstanding-1,076 Sh. Old Stock 
E'.ARNED SURPLUS 
Balance, 7-1-40 $ 41,092.73 
Deduct: 
Additional Depreciation 
for year ended 6-30-40 $ 550;05 
Loss for year ended 
$116,952.82 
47,437.63 
120,000.00 
7,431.97 
15,434.26 
$250,000.00 
120,000.00 
$839,480.00 
11,260.00 
$850,740.00 
6-30-41 85,715.24 86,265.29  (45,172.56) 
TOTAL NET WORTH 
TOTAL ASSETS $1,242,824.12 TOTAL LIABILITIES AND NET WoRTH 
( ) Indicates red figure. 
$ 307,256.68 
130,000.00 
$ 437.256.68 
805,567.44 
$1,242,824.12 
 A I R 
Atlanta, Georgia 
STATEMENT OF PROFIT AND LOSS  YEAR ENDED JUNE 30., 1941 
REVENUES 
Passenger . 
Mail  .. 
Express and Freight 
Excess Baggage   
Dusting       
Sundry Revenue-Net  
TOTAL OPERATING REVENUES 
EXPENSES 
Direct Flying 
Operations 
Maintenance 
Depreciation 
TOTAL DIRECT FLYING EXPENSES 
Indirect Flying 
Operations  
Maintenance 
Depreciation 
TOTAL INDIRECT FLYING EXPENSES 
Traffic and Advertising   
General and Administration 
TOTAL EXPENSES 
NET OPERATING PROFIT 
OTHER INCOME 
Cash Discounts            . . . . . . 
Interest Income                . 
Unused Transportation Tickets credited to Income 
ROUTE 24 
$ 643,790.78 
424,615.78 
8,842.91 
5,904.87 
3,582.71 
$1,086,737.05 
$ 463,731.63 
144,765.53 
124,381.24 
$ 732,878.40 
$ 214,651.55 
74,176.46 
13,936.67 
$ 302,764.68 
$ 105,508.04 
$ 75,239.42 
$1,216,390.54 
($ 129,653.49) 
Profit on Sales of four DC-2 Planes and one Electra Plane and Equipment . 
Sundry               . . . . . . . . . . . . . . . . , . 
OTHER DEDUCTIONS 
Interest       
Adjustments in Mail Revenue-Prior Years 
Cash Discount Allowed       . . . . 
Expenses Incurred in Unsuccessful Applications for New Routes 
State Income Taxes 
NET Loss .. . 
( ) Indicates red figure. 
~- 
AIRLINE 
ROUTE 54 
' $39,708.17 
318.54 
285.38 
163.91 
$40,476.00 
$24,693.34 
6,680.74 
8,818.85 
$40,192.93 
$ 9,710.80 
3,846.91 
715.03 
$14,272.74 
$ 6,235.11 
$ 4,797.39 
$65,498.17 
($25,022.17) 
TOTAL 
$ 683,498.95 
424,615.78 
9,161.45 
6,190.25 
3,746.62 
$1,127,213.05 
$ 488,424.97 
151,446.27 
133,200.09 
$ 773,071.33 
$ 224,362.35 
78,023.37 
14,651.70 
$ 317,037.42 
$ 111,743.15 
$ 80,036.81 
$1,281,888.71 
($ 154,675.66) 
DUSTING 
,----'------, 
59,853.85 
10,542.28 
$70,396.13 
$23,812.18 
11,967.78 
2,170.29 
$37,950.25 
$13,609.81 
2,690.74 
914.96 
$17,215.51 
$ 5,596.74 
$60,762.50 
$ 9,633.63 
$ 1,873.66 
69.19 
387.17 
75,682.91 
29.84 
$ 7,850.84 
45.77 
16.84 
10,115.79 
686.74 
GRAND TOTAL 
$1,197,609.18 
$ 811,021.58 
334,252.93 
111,743.15 
85,633.55 
$1,342,651.21 
($ 145,042.03) 
$ 78,042.77 
($ 66,999.26) 
18,715.98 
( $ 85,715.24) 
 AIR 
Atlanta, Georgia 
COMPARATIVE PROFIT AND LOSS STATEMENT 
REVENUES I 9 3 5 I 9 3 6 
, - - - " - - - - - - , 
Passenger $ 58,287.22 $111,390.79 
Mail 183,589.74 314,401.92 
Express and Freight 568.46 1,516.35 
Excess Baggage 420.20 1,008.07 
Sundry 2,574.95 2,963.43 
ToT AL OPERA TING REVENUES $245,440.57 $431,280.56 
EXPENSES 
Direct Flying 
Operations 
Maintenance 
Depreciation 
TOTAL DIRECT FLYING EXPENSES 
Indirect Flying 
Operations 
Maintenance 
Depreciation 
Because of comprehensive changes in accounts effective July 
1, 1937, prescribed by the Post Office Department, it is 
not practical to attempt to show detail of Operating Ex- 
penses during this period; therefore, totals only are shown. 
TOTAL INDIRECT FLYING EXPENSES 
Traffic and Advertising 
General and Administration 
TOTAL EXPENSES 
NET OPERATING PROFIT ( OR Loss) 
OTHER INCOME 
Cash Discounts 
Profit on Sale of Equipment 
( 4 Douglas DC-2's and 1 Lockheed Electr.a) 
Dusting-Net 
Sundry 
TOTAL OTHER INCOME 
GRoss PROFIT ( OR Loss) 
OTHER DEDUCTIONS 
Interest 
Federal Income Taxes 
State Income Taxes 
$261,871.11 
($ 16,430.54) 
$ 126.31 
12,376.54 
$ 12,502.85 
($ 3,927.69) 
$ 363.29 
Expenses Incurred in Connection with Unsuccessful Applications 
Sundry 639 .35 
TOTAL OTHER DEDUCTIONS 
NET PROFIT ( OR Loss) 
( ) Indicates red figure. 
$ 1,002.64 
( $ 4,930.33) 
$445,996.00 
($ 14,715.44) 
$ 75.99 
18,672.76 
9,477.40 
$ 28,226.15 
$ 13,510.71 
$ 7,133.83 
833.27 
4,944.61 
$ 12,911.71 
$ 599.00 
 SEVEN 
I 9 3 7 
$158,240.98 
327,241.16 
4,010.24 
1,278.41 
2,485.57 
$493,256.36 
$488,440.91 
$ 4,815.45 
$ 34.83 
15,477.35 
1,660.22 
$ 17,172.40 
$ 21,987.85 
t 
1$ 8,642.81 
1,332.94 
124.93 
482.44 
$ 10,583.12 
$ 11,404.73 
YEARS ENDED 
I 9 3 8 
, - - " - - - - . , 
$237,646.80 
367,778.24 
4,888.59 
2,460.67 
2,697.21 
$615,471.51 
$221,198.75 
58,134.95 
78,975.45 
$358,309.15 
$ 82,249.77 
27,727.91 
6,741.53 
$116,719.21 
$ 57,409.74 
$ 37,104.72 
$569,542.82 
$ 45,928.69 
( 5,419.82) 
306.30 
($ 5,113.52) 
$ 40,815.17 
$ 7,099.86 
4,230.98 
1,059.37 
$ 12,390.21 
$ 28,424.91 
JUNE 
I 9 3 9 
$288,454.14 
380,713.64 
5,643.89 
2,719.25 
4,141.86 
$681,672.78 
$227,600.93 
66,364.14 
73,403.01 
$367,368.08 
$108,966.15 
37,695.83 
7,725.82 
$154,387.80 
$ 61,721.71 
$ 47,194.83 
$630,672.42 
$ 51,000.36 
$ 618.80 
16,594.08 
588.15 
$ 17,801.03 
$ 68,801.39 
$ 2,418.91 
12,646.39 
2,166.26 
$ 17,231.56 
$ 51,569.83 
3 o, 1941 
I 9 4 0 
,...---"----, 
$455,920.93 
424,449.36 
7,452.06 
3,986.85 
2,110.57 
$893,919.77 
$316,637.26 
88,906.75 
69,075.49 
$474,619.50 
$147,735.66 
49,717.73 
9,862.03 
$207,315.42 
$ 86,905.72 
$ 57,808.66 
$826,649.30 
$ 67,270.47 
$ 955.68 
5,819.25 
4,'592.45 
$ 11,367.38 
$ 78,637.85 
$ 972.94 
11,916.83 
5,441.79 
$ 18,331.56 
$ 60,306.29 
I 9 4 I 
$ 683,498.95 
424,615.78 
9,161.45 
6,190.25 
3,746.62 
$1,127,213.05 
$ 488,424.97 
151,446.27 
133,200.09 
$ 773,071.33 
$ 224,362.35 
78,023.37 
14,651.70 
$ 317,037.42 
$ 111,743.15 
$ 80,036.81 
$1,281,888.71 
($ 154,675.66) 
$ 1,873.66 
75,682.91 
9,633.63 
486.20 
$ 87,676.40 
($ 66,999.26) 
$ 7,850.84 
686.74 
10,115.79 
62.61 
$ 18,715.98 
($ 85,715.24) 
 AUDIT CERTIFICATE 
We have examined the Balance Sheet of Delta Air Corporation [ a Louisiana 
Corporation] as at June 30, 1941, and the Statement of Profit and Loss for 
the year ended on that date, have reviewed the system of internal control and 
the accounting procedures of the Company, and have made a detailed audit 
of the transactions. The examination was made in accordance with generally 
accepted auditing standards applicable in the circumstances and included all 
procedure deemed necessary. 
In our opinion the accompanying Balance Sheet and Statement of Profit 
and Loss, with notes thereon, present fairly the position of the Delta Air 
Corporation at June 30, 1941, and the results of its operations for the year 
then ended in conformity with generally accepted accounting principles 
applied on a consistent basis throughout the period reviewed. 
Respectfully submitted, 
Cox AND FRAZER 
By [Signed] H. G. FRAZER 
C.P.A. 
COX AND FRAZER  Ouachita National Bank Building  Monroe, Louisiana 
 Delta's new $150,000 General Office and Hangar building located at the Municipal Airport, Atlanta, 
Georgia. The building is 150' x 200'. It is said to be the most complete building of its type and the 
largest hangar in the Southeast. The hangar can accommodate six giant twenty-one-passenger airplanes. 
 I 
REVENUE PASSENGER MILES FLOWN 
1935-1941 
MILLIONS OF MILES 
16 
15 
YEAR REVENUE PA55ENGE 
14 
13 
12 
II 
10 
ENDED JUNE 30 t.AILE5 FLOWN ,-.......,1-----+---------< 
9 
8 
7 
6 
5 
4 
3 
2 
1935 1,200,034 
193<:, 2,372,819 
1937 3,449,619 
19313 '5,200,797 
1939 6,439,846 
1940 10,282,192 
1941 15,526,291 
I 
1935 1936 1937 1938 
YEAR 
1939 1940 1941 
CHART II. The ever increasing response by the public to 
the air transport facilities offered by Delta is shown here. 
The average annual increase has been approximately 58%. 
III 
REVENUE MILES FLOWN 
1935 -1941 
THOUSANDS OF MILES 
2500 
2400 
2300 
2200 
2100 
2000 
1900 
1800 
1700 
1600 
1500 
1400 
1300 
1200 
II 00 
1000 
900 
800 
700 
- YEAR 
ENDEOJUNE 'JO 
1935 
- 1936 
,- 1937 
1938 
- 1939 
1940 
._ 
1941 
._ 
I 
I 
I 
I 
~ 
REVENUE t.AILE5 
FLOWN 
740,27& 
1,197,173 
1,176,751 
1,344,870 
l,41&,546 
1,790,706 
2f17e,569 
~ 
I 
I 
___ 
, 
~ 
,,,_,,,,,,..- 
,,,,. 
- 
~ 
I 
I 
I 
I 
I 
, 
1935 1936 1937 1938 1939 1940 1941 
YEAR 
Far more impressively than could be shown by 
figures alone, the graphs on this and the following 
page depict the consistently substantial increase in 
the service mileage performed by Delta and the 
equally impressive increase in the degree of public 
response thereto. 
CHART I. One passenger flown one mile equals one revenue 
passenger mile ; likewise, ten passengers flown ten miles equals 
one hundred revenue passenger miles. Therefore, the number 
of passengers carried times the number of miles flown by 
each, equals the total number of revenue passenger miles. 
II 
PASSENGERS CARRIED 
1935-1941 
THOUSANDS OF PASSENGERS 
60 
YEAR 
55 ENDED JUNE30 Fl".SSENGERS 
50 
45 
40 
36 
30 
25 
20 
15 
10 
5 
1935 
1935 4,104 
1936 8,357 
1937 11,!119 
1938 18_,480 
1939 22,733 
1940 40.,068 
1941 !18,208 
1936 1937 1938 
YEAR 
1939 1940 1941 
CHART III. This chart accurately reflects the increase in 
actual service made available by Delta. The increases shown 
for the years 1935-1940 were the results of increasing the 
number of flights flown over all or portions of Delta's orig- 
inal Route No. 24 between Fort Worth, Texas, and Charles- 
ton, S. C. The 1941 increase is due largely to the additional 
route mileage flown as the result of the granting by the 
Civil Aeronautics Board of an Augusta-Savannah extension 
to Route 24 and the granting of a new route (Route No. 54) 
between Atlanta and Cincinnati via Knoxville, Tennessee, 
and Lexington, Kentucky. 
 IV 
COMPARISON OF INCREASES IN MAIL 
AND PASSENGER REVENUES 
1g3~- 1941 
THOUSANDS OF DOLLARS 
700 
650 YEAR PASSENGER '-AAIL 
ENDED JUNE 30 REVENUE REVENUE 
600 193':, $ 58,287. 22 $183,589.74 
1931'> 111,390.79 314,401.92 
550 1937 158,240.98 327,241.16 
1938 237,646. 80 367,778.24 
500 192>9 2S8,454.14 380,713.&4 
1940 455,920,92> 424,449.3, 
450 1941 683,498 ,% 424,615.78 
4001----+----+----+------------ 
3501----+----+--.-=+----+--'---+---- 
300 l-----.1---------l------------- 
250 
200 
150 -----+---.,..If'---+---+---+------, 
I 00 ..----~-------l---+-:::: :'i(C~~~~ NRUE:ENUE 
soc,_ __ _.__ __ _._ __ _____,c__ _ _ _._ _ _ _._ _ _ _ 
1935 1936 1937 1938 1939 1940 1941 
YEAR 
CHART IV. This chart reflects a healthy transi- 
tion, i. e., a gradual reduction in the degree of 
dependency by your company on Government mail 
revenue. Whereas, in 1935, approximately 76 % of 
your company's gross revenues was from mail 
payments, in 1941, mail pay amounted to only 
38% of total revenues. 
V 
MAIL POUND MILES FLOWN 
1935-1941 
CHART V. Mail pound miles are figured in the 
same manner as revenue passenger miles, i. e., 
ten pounds of mail flown ten miles is equivalent 
to one hundred mail pound miles. This chart 
shows the constantly increasing volume of airmail 
moved by Delta. The 1941 figures do not include 
the new Atlanta-Cincinnati route, as the carriage 
of mail was not authorized over this route during 
the fiscal year 1940-1941, which is covered by 
this report. 
MILLIONS OF POUND MILES 
250 
YEAR 
225 ENDEDJUNE 30 
200 
175 
150 
125 
100 
75 
50 
25 
1935 
1935 
1936 
1937 
1938 
1939 
1g40 
1941 
1936 
MAIL POUND 
~AILE5 fLOWN 
34,':>25,231 
76,406,175 
92,090,745 
114,226.~2 
132,061,894 
150 
1 
I 60,736 
216,133,791 
1937 1938 
YEAR 
1939 1940 1941