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Aircraft maintenance materials and repairs ........ . ..... . 
Rentals and landing fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Passenger service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Passenger commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Other cash costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . 
Total operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . 
Operating Income (Loss) . . ............ .. . .. . .... . .. ... . 
Other Income (Expense): 
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Less-Interest capitalized ..... .. ........... . . . . . 
Gain on disposition of flight equipment .. ..... .. .... . ... . 
Realized and unrealized gain on foreign currency 
translation, net (Note 3) ...... . . .... ...... . ...... . . 
Miscellaneous income, net. . . . . . . . . . . . . . . . . . . . . . . . . . . 
Income (Loss) Before Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . 
Income Taxes Credited (Provided) (Note 7) ....... . ..... . .... . 
Amortization of Investment Tax Credits . . . . . . . . . . . . . . . . . . . . . 
Net Income (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Net Income (Loss) Per Common Share . . . . . . . . . . . . . . . . . . . . . . 
The accompanying notes are an integral part of these statements. 
16 
$3,347,014 
227,146 
42,253 
3,616,413 
1,590,645 
999,154 
68,268 
123,645 
148,356 
220,935 
366,504 
306,240 
3,823,747 
(207,334) 
(92,892) 
29,398 
(63,494) 
28,229 
1,898 
14,000 
{19,367) 
(226,701) 
109,642 
30,329 
$ (86,730) 
$(2.18) 
$3,352,173 
230,597 
34,753 
3,617,523 
1,464,321 
1,078,048 
73,383 
112,291 
126,473 
177,439 
342,023 
251,701 
3,625,679 
(8,156) 
(60,438) 
38,154 
(22,284) 
1,570 
2,385 
11,280 
(7,049) 
(15,205) 
9,652 
26,367 
$ 20,814 
$0.52 
$3,287,511 
213,431 
32,384 
3,533,326 
1,306,359 
1,070,057 
76,631 
98,530 
121,502 
157,710 
307,364 
220,979 
3,359,132 
174,194 
(23,135) 
15,539 
(7,596) 
30,078 
6,227 
19,917 
48,626 
222,820 
(101,447) 
25,101 
$ 146,474 
$3.68 
 DEI.IA AIR LINES, INC. 
Consolidated Statements of Retained Earnings For the years ended June 30, 1983, 1982 and 1981 
1983 1982 1981 
(In Thousands) 
Balance at Beginning of Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Add (Deduct): 
$824,280 
(86,730) 
(39,761) 
$900,881 $782,239 
146,474 
(27,832) 
Net income (loss) ................................. . 20,814 
(37,773) 
(59,642) 
$824,280 
Cash dividends-$1.00 per share in 1983, $.95 per share in 
1982 and $.70 per share in 1981 ...................... . 
Transfer to common stock in connection with a 2-for-1 
stock split . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Balance at End of Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $697,789 $900,881 
The accompanying notes are an integral part of these statements. 
Auditors' Report 
ARTHUR ANDERSEN & Co. 
ATLANTA, GEORG I A 
To the Stockholders and the Board of Directors of 
Delta Air Lines, Inc.: 
We have examined the consolidated balance sheets 
of DELTA AIR LINES, INC. (a Delaware corporation) and 
subsidiaries as of June 30, 1983 and 1982, and the related 
consolidated statements of income, retained earnings and 
changes in financial position for each of the three years 
in the period ended June 30, 1983. Our examinations were 
made in accordance with generally accepted auditing 
standards and, accordingly, included such tests of the 
accounting records and such other auditing procedures 
as we considered necessary in the circumstances. 
In our opinion, the financial statements referred to 
above present fairly the financial position of Delta Air 
Lines, Inc. and subsidiaries as of June 30, 1983 and 1982, 
and the results of its operations and the changes in its 
financial position for each of the three years in the period 
ended June 30, 1983, in conformity with generally accepted 
accounting principles applied on a consistent basis. 
August 12, 1983 
17 
Report of Management 
The integrity and objectivity of the information presented 
in this Annual Report is the responsibility of Delta man- 
agement. The financial statements contained in this report 
have been examined by Arthur Andersen & Co., inde- 
pendent public accountants. Their report, shown on this 
page, expresses an informed judgment as to whether 
management's financial statements present fairly, in con- 
formity with generally accepted accounting principles, the 
Company's financial position and operating results. 
Delta maintains a system of internal financial con- 
trols and a program of internal audits. These controls 
include the selection and training of its managers, organi- 
zational arrangements that provide a division of responsi- 
bilities, and communication programs explaining the 
Company's policies and standards. We believe that this 
system provides reasonable assurance that transactions 
are executed in accordance with management's authoriza- 
tion and are appropriately recorded to permit preparation 
of financial statements in conformity with generally 
accepted accounting principles and to maintain accounta- 
bility of assets. 
The Board of Directors pursues its responsibilities for 
these financial statements through its Audit Committee, 
which consists solely of directors who are neither officers 
nor employees of the Company. They meet periodically 
with the independent auditors, the internal auditors and 
representatives of management to discuss internal ac- 
counting control, auditing and financial reporting matters. 
~ e _ ~ 
DAVID C. GARRETT, JR. 
President and Chief Executive Officer 
ROBERT OPPENLANDER 
Senior Vice President - Finance 
 DEITA AIR LINES, INC. 
Consolidated Statements of Changes in Financial Position For the years ended June 30, 1983, 1982 and 1981 
1983 1982 1981 
(In Thousands) 
Funds Provided By: 
Net income (loss) ......................... . ....... $ {86,730) $ 20,814 $ 146,474 
Add ( deduct) items not affecting working capital- 
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . 306,945 251,729 221,016 
Deferred income taxes (Note 7) .................... (121,476) 49,188 30,925 
Unrealized gain on translation of long-term portion of 
debt payable in pounds sterling. . . . . . . . . . . . . . . . . . {959) (1,614) (4,425) 
Investment tax credits, net of amortization ........... . 60,854 (6,757) 7,500 
Other ...................................... {284) (549) (536) 
Total from operations . . . . .. . . . . . . . . . . . . . . . . . . 158,350 312,811 400,954 
Long-term financing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 917,252 325,000 69,000 
Decrease (increase) in funds held by bond trustees .......... (11,396) 7,783 (1,343) 
Disposition of property and equipment (book value) . . . . . ... 33,208 1,590 7,081 
Manufacturers' credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,053 8,698 17,246 
Other .......................................... 349 754 (10,479) 
1,144,816 656,636 482,459 
Funds Used For: 
Property and equipment additions - 
Flight equipment, including advances ............... 688,767 417,035 371,581 
Ground property and equipment ........ .... ..... . . 179,155 93,824 85,424 
867,922 510,859 457,005 
Reduction of long-term debt, net of unrealized 
foreign currency gains and losses . . . . . . . . . . . . . . . . . . . . 186,721 159,024 14,064 
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,761 37,773 27,832 
Other .. .. ...................... ... . .... . . ... ... 15,451 5,047 2,219 
1,109,855 712,703 501,120 
Increase (Decrease) in Working Capital . . . . . .... .. ..... ... .. $ 34,961 $ (56,067) $ (18,661) 
Changes in Working Capital Components: 
Increase (decrease) in - 
Cash .............. . ... ... . . .. ...... ... .. . .. $ 9,696 $ 38,650 $ (31,165) 
Accounts receivable, net ........... .. ...... ... ... 4,344 10,337 25,129 
Refundable income taxes . . . ........ .... ... .... . . 25,083 53,043 
Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,123) (2,356) 25,062 
Decrease (increase) in - 
Current maturities of long-term debt . . ...... .. .. .. .. 1,999 2,611 4,088 
Short-term notes payable ................. . ...... 91,357 (146,357) 
Commercial paper outstanding . . . . . . . . . . . . . . . . . . . . 403 (79,913) (13,553) 
Accounts payable and accrued liabilities . . . . ........ . {73,695) 55,050 (46,474) 
Air traffic liability. . ............ .. .... . . . . ... .. (20,103) 12,868 18,252 
Increase (Decrease) in Working Capital . . . . . ...... .. . ....... $ 34,961 $ (56,067) $ (18,661) 
The accompanying notes are an integral part of these statements. 
18 
 Notes to Consolidated Financial Statements 
June 30, 1983, 1982 and 1981 
1. Summary of Accounting Policies: 
Basis of Presentation - The consolidated financial state- 
ments include the accounts of the Company and its wholly- 
owned subsidiaries, Epsilon Trading, Inc. and Dataslink Busi- 
ness Systems, Inc. All significant intercompany accounts and 
transactions have been eliminated in consolidation. 
Passenger Revenue - Passenger ticket sales are recorded 
as revenue when the transportation is used. The value of un- 
used tickets is included in current liabilities in the financial 
statements. 
Depreciation and Amortization-Substantially all of the 
Company's flight equipment is being depreciated on a straight- 
line basis to residual values (10% of cost) over a ten-year period 
from dates placed in service. Ground property and equipment 
is depreciated on a straight-line basis over its estimated service 
life (various lives ranging from three to 30 years). Leased prop- 
erties under capital leases are amortized on a straight-line 
basis over the life of the lease. 
Interest Capitalized- Interest attributable to funds used to 
finance the acquisition of new aircraft and construction of 
major ground facilities is capitalized as an additional cost of the 
related asset. Interest is capitalized at the Company's average 
interest rate on long-term debt or, where applicable, the interest 
rate related to specific borrowings. Capitalization of interest 
ceases when the property or equipment is placed in service. 
Foreign Currency Transactions - Realized and unrealized 
foreign exchange transaction adjustments are included in 
income on a current basis. 
Income Taxes - Income taxes are provided (credited) by 
applying the applicable statutory tax rates to book income 
(loss) before income taxes. Deferred income taxes are provided 
for all significant items (principally depreciation and other 
property items) where there is a timing difference in recording 
such items for financial reporting purposes and for income tax 
purposes. Investment tax credits are amortized over seven 
years. (See Note 7.) 
Earnings Per Share- Net income per common share is 
computed based on the weighted average number of outstand- 
ing shares during the year. 
Deferred Manufacturers' Credits - In connection with the 
acquisition of certain new generation aircraft and engines, the 
Company is receiving various introductory credits. These credits 
are being deferred until the aircraft and engines are delivered, 
at which time they will be applied on a pro rata basis as a 
reduction of the acquisition costs resulting in reduced future 
depreciation expense. 
Retirement Plans-All of the Company's permanent em- 
ployees are covered under its noncontributory trusteed plans 
providing for retirement, disability and survivor benefits, and 
certain employees meeting age and service requirements are 
eligible to participate in a contributory trusteed savings plan. 
The total expense under these plans amounted to approximately 
$147,434,000 in 1983, $125,563,000 in 1982 and $102,482,000 in 
1981. The Company's policy is to fund each year's accrued costs 
19 
DECTA AIR LINES, INC. 
under the plans. Costs under the noncontributory plans include 
amortization of prior service costs over varying periods up to 
30 years. 
As of June 30, 1982 ( date of the most recent actuarial 
study) and June 30, 1981, the actuarial present value of accumu- 
lated plan benefits and the net assets available for plan benefits 
under the Company's defined benefit pension plans were 
as follows: 
Actuarial present value of 
accumulated plan benefits- 
Vested . . .... . . ....... ... . . .. . 
Nonvested .. . .... ....... ... . . . 
Net assets available for plan benefits .. ... 
1982 1981 
(In Thousands) 
$819,801 
22,814 
$842,615 
$756,837 
$692,263 
19,611 
$711,874 
$689,603 
The weighted average assumed rate of return used in 
determining the actuarial present value of accumulated plan 
benefits was 8%. 
2. Aircraft Purchase and Sale Commitments: 
At June 30, 1983, the status of the Company's current fleet 
and aircraft purchase commitments was as follows: 
Aircraft Current 
Type Fleet Orders Options 
L-1011-1/200 . . . . . 41 
L-1011-500 3 
B-727-200 116 
B-757-200 60 10 
B-767-200 10 10 22 
DC-9-32 ....... . 36 
DC-8-61/71 .. .... 13 
B-737-200 33 
219 103 32 
The orders for 60 Boeing B-757-200 aircraft include 30 
aircraft which are subject to reconfirmation by the Company. 
On April 22, 1983, the Company completed an agreement 
with Boeing to provide for certain of the Company's aircraft 
needs on an interim basis pending development of a new gen- 
eration, new technology aircraft with approximately 150 seats. 
Under this agreement, the Company has agreed to purchase 
33 Boeing B-737-200 aircraft, with deliveries to begin in the 
December 1983 quarter and continue through calendar year 
1984. The Company intends to assign its rights to purchase 
these aircraft to third party lessors, and then to lease the air- 
craft under 15-year operating leases. Boeing has agreed to assist 
the Company in arranging for such transactions. Additionally, 
it has been agreed between Boeing and the Company, subject 
to various conditions, that the Company's obligations under 
these leases will, at the Company's request, be assumed by 
Boeing or terminated at Boeing's expense at any time after 
eight years if the Company acquires certain aircraft not currently 
on order or option. 
The Company also has an outstanding agreement to re- 
engine five Douglas DC-8-61 aircraft during fiscal year 1984. 
 DELTA AIR LINES, INC. 
Subsequent to June 30, 1983, the Company executed an 
agreement with Boeing to reschedule the delivery of five Boeing 
B-767-200 aircraft and 30 Boeing B-757-200 aircraft. Concurrent 
with the completion of this agreement, the Company resched- 
uled the deliveries of the 30 Boeing B-757-200 aircraft which 
are subject to reconfirmation by the Company. 
Future expenditures for the aircraft and engine commit- 
ments, adjusted for the revised deliveries explained above 
(excluding option aircraft and the Boeing B-737-200 aircraft) 
are estimated to be approximately $3.1 billion, as follows: 
1984 .................... . 
1985 .................... . 
1986 .................... . 
1987 .................... . 
1988 .................... . 
After 1988 ................ . 
Amount 
(In Thousands) 
$ 229,600 
327,100 
364,600 
268,500 
253,100 
1,698,500 
$3,141,400 
The Company presently anticipates financing these com- 
mitments from internally generated funds, supplemented as 
required by borrowings. 
The Company has entered into an agreement to sell 11 
Lockheed L-1011-1 aircraft with deliveries scheduled for fiscal 
years 1984 and 1985. Subsequent to June 30, 1983, the Company 
completed an agreement to sell 14 Boeing B-727-200 aircraft 
with deliveries during calendar year 1984. 
3. Long-Term Debt: 
At June 30, 1983 and 1982, the Company's long-term debt 
and capitalized lease obligations (including current maturities) 
were as follows: 
1982 Bank Credit Agreement, providing 
for unsecured borrowings up to $450 
million on a revolving basis to June 30, 
1986, at which time the outstanding 
balance converts to a term loan payable 
in installments through June 30, 1990. 
Interest during the revolving period is, 
at the Company's election, an adjusted 
domestic certificate of deposit rate 
plus 3/8%, the Eurodollar rate plus 
3/8%, or the prime rate as defined . . . 
1983 Bank Credit Agreement, providing 
for unsecured borrowings up to $250 
million on a revolving basis to Decem- 
ber 31, 1986, at which time the out- 
standing balance converts to a term 
loan payable in installments through 
December 31, 1990. Interest during the 
revolving period is, at the Company's 
election, an adjusted domestic certifi- 
cate of deposit rate plus 3/4%, the 
Eurodollar rate plus 3/4%, or the 
prime rate as defined plus 3/8% .. . .. 
1983 1982 
( In Thousands) 
$ 450,000 $ 225,000 
250,000 
20 
11.35% Notes, unsecured, due April 1, 
1993, redeemable at the Company's 
option on or after April 1, 1990 ..... . 
Mellon Bank unsecured Corporate 
Variable Interest Note, payable 400 
days after demand. Interest is at the 
Average National Federal Funds Rate 
plus 8/10% ................... . 
1982 PruFunding, Inc. Credit Agreement, 
providing for unsecured borrowings 
up to $100 million on a revolving basis 
through September 29, 1985, at which 
time the outstanding balance converts 
to a term loan payable in installments 
through September 29, 1990. Interest 
during the revolving period is at 1 Ys% 
above the rate on 30-day dealer-placed 
commercial paper .............. . 
1981 PruFunding, Inc. Credit 
Agreement ....... .... ... .... . . 
Development Authority of Fulton County, 
unsecured loan agreement, repayable 
in installments beginning on Novem- 
ber 1, 1991 and continuing through 
2012. Interest ranges from 9% to 
11 % over the life of the loan . . . . . . . . . 
Development Authority of Fulton County, 
6% unsecured loan agreement ..... 
Development Authority of Clayton 
County, 11 % unsecured loan agree- 
ment, repayable in annual installments 
beginning in the year 2003 and con- 
tinuing through 2012 ...... ... . . . . 
Development Authority of Clayton 
County, 6% unsecured loan agree- 
ment, repayable in installments begin- 
ning in the year 2000, with the 
remaining balance payable in 2011 .. . 
Manufacturers Hanover Trust Company 
Credit Agreement, providing for unse- 
cured borrowings up to $50 million 
on a revolving basis to June 30, 
1984, at which time the outstanding 
balance converts to a term loan pay- 
able in installments through June 30, 
1985. Interest during the revolving 
period is, at the Company's election, 
an adjusted domestic certificate of 
deposit rate plus 3/4%, the Eurodollar 
rate plus 3/4% or the prime rate as 
defined plus 3/ 8% ... . .... ...... . 
Convertible Subordinated Debentures, 
unsecured, 6Yi%, maturing August 1, 
1986 . .. .... . .. . .... . .. ... . .. . 
1983 1982 
(In Thousands) 
$125,000 $ 
50,000 
50,000 
50,000 
38,912 
29,000 
47,296 
35,000 35,000 
28,000 
10,921 10,921 
 Lazard Brothers & Co., Limited, 5%, 
6% and 7Y2% unsecured notes, repay- 
able in pounds sterling in semiannual 
installments to 1986 ($5,722,000 pay- 
able in fiscal 1984)- 
At original exchange rates ...... . 
Unrealized gain on - 
Current maturities ..... .... . . 
Long-term portion .......... . 
At fixed contractual exchange 
rates in 1983 . . . . . . . . . . . . . . . 
Other unsecured notes, with various 
interest rates and maturity dates 
($176,000 payable in fiscal 1984) .. . . 
Capitalized lease obligations 
($629,000 payable in fiscal 1984) . .. . 
$ 
1983 1982 
(In Thousands) 
14,775 $ 24,154 
2,998 2,497 
1,919 3,494 
9,858 18,163 
3,239 640 
665 2,576 
Total ...... ...... . . .... . 1,098,891 371,300 
Less -Current maturities . . . . . . . . . . . 6,527 8,526 
Total long-term debt . . . . . . . . $1,092,364 $ 362,774 
At June 30, 1983, the annual maturities of long-term debt 
and capitalized lease obligations for the next five fiscal years 
were as follows: 
1984 .... . . .... .......... . 
1985 ....... .. . .......... . 
1986 ... . .. . . .. ..... .... . . 
1987 . . ... . ... .. ........ . . 
1988 . .. . ..... .... . .. .. . . . 
Amount 
( In Thousands) 
$ 6,527 
32,301 
1,791 
127,001 
140,000 
The Company's debt agreements include limitations on 
indebtedness and other obligations. In connection with the 1982 
Bank Credit Agreement, the Company has informally agreed 
to maintain on deposit with the lending banks average balances 
(including normal working balances) equal to 7Vz% of the 
average daily outstanding borrowings, with the average bal- 
ances and borrowings being computed over the term of the 
agreement. At June 30, 1983, there were no restrictions in the 
agreements as to the payment of cash dividends. 
The $50 million Mellon Bank unsecured Corporate Variable 
Interest Note and the $28 million Manufacturers Hanover Trust 
Company Credit Agreement provide unsecured interim financ- 
ing for the Company's construction of the New York-La Guardia 
Flight Center. The Company will be reimbursed for construc- 
tion of the La Guardia Flight Center from the proceeds of 
Special Project Bonds to be issued by the Port Authority of 
New York and New Jersey in August 1983. The Company will 
use this reimbursement to prepay the Mellon Bank unsecured 
Corporate Variable Interest Note and the Manufacturers 
Hanover 'Ilust Company Credit Agreement. 
During the March 1983 quarter, the Company entered 
into forward exchange contracts to contractually fix the U.S. 
dollar obligation for all future principal and interest payments 
due Lazard Brothers & Co., Limited under the unsecured 
loan agreement. 
21 
DELTA AIR LINES, INC. 
4. Operating Lease Obligations: 
At June 30, 1983, the Company leased certain airport 
terminal and maintenance facilities, ticket offices, and other 
property and equipment under agreements with terms of more 
than one year. Amounts charged to rental expense for operating 
leases were $65,178,000 in 1983, $57,357,000 in 1982 and 
$48,070,000 in 1981. 
At June 30, 1983, the Company's minimum rental commit- 
ments under noncancelable operating leases with initial or 
remaining terms of more than one year were as follows: 
Payable for 
Fiscal Year Amount 
(In Thousands) 
1984 . . . . . . . . . . . . . . . . . . . . $ 74,876 
1985 . . . . . . . . . . . . . . . . . . . . 124,418 
1986 . . . . . . . . . . . . . . . . . . . . 168,403 
1987 . . . . . . . . . . . . . . . . . . . . 142,513 
1988 . . . . . . . . . . . . . . . . . . . . 141,627 
After 1988 . . . . . . . . . . . . . . . . 1,720,205 
Total . . . . . . . . . . . . . . . . $2,372,042 
Future minimum rental commitments include lease pay- 
ments under certain terminal and maintenance facility agree- 
ments negotiated during fiscal 1983 including facilities at the 
Chicago, New York, Dallas-Fort Worth and Tampa airports. 
The Company is negotiating lease agreements for 33 
Boeing B-737-200 aircraft. Future minimum rental commit- 
ments include expected payments under these leases. 
5. Short-Term Borrowings: 
Interim financing of operations is obtained through the 
issuance of commercial paper and the use of short-term bank 
borrowings. At June 30, 1983, outstanding commercial paper 
totaled $123,996,000 at interest rates ranging from 8Yz% to 9%, 
and short-term bank notes totaled $55,000,000 at interest rates 
ranging from 9% to 10%. In connection with the issuance 
of the commercial paper, the Company obtained lines of credit 
totaling $150,000,000. 
The average interest rate and average and maximum out- 
standing balances of short-term borrowings during 1983 and 
1982 were as follows : 1983 1982 
Maximum amount of borrowings 
(In Thousands) 
outstanding at any month-end .. .... . $284,932 $270,757 
Average daily borrowings 
during period . . . . . . . . . . . . . . . . . . . 203,444 154,440 
Weighted average interest rate 
on borrowings during period . .... . . . 10.06% 15.10% 
6. Common Stock: 
At June 30, 1983, the Company had 87,368 common shares 
reserved for conversion (at $125 per share) of the Convertible 
Subordinated Debentures which mature August 1, 1986. 
 DELTA AIR LINES, INC. 
7. Income Taxes: 
Provisions for income taxes in 1983, 1982 and 1981 
consisted of: 
Current taxes . . . . . . . . . . . .. 
Deferred taxes . . . . . . . . . . . . 
Reversal of deferred taxes . . . . 
Investment tax credits ..... . 
Income taxes credited 
1983 1982 1981 
(In Thousands) 
$ 81,287 $ 50,967 $ (37,921) 
(42,030) (22,902) (30,925) 
161,200 
(90,815) (18,413) (32,601) 
(provided). . . . . . . . . . . . $109,642 $ 9,652 $(101,447) 
Total income taxes as a percent of book income (loss) 
before taxes amounted to 48% in 1983, 63% in 1982 and 46% in 
1981. The percent in 1983 and 1982 differed from the statutory 
rate of 46% because of state income taxes and the amortization 
of the reduction in deferred taxes resulting from the federal tax 
rate reduction in fiscal 1979. For financial reporting purposes, 
the tax provision for losses incurred was recorded as a credit 
in the statement of income and as refundable income taxes 
or a reduction in deferred income taxes in the balance sheet. 
These losses can be carried back to prior years and recovered 
from taxes previously paid or used to reduce taxes that become 
payable during the period these losses may be carried forward 
for use on future federal income tax returns. 
For financial reporting purposes, the Company has recog- 
nized all available investment tax credit benefits (none of which 
can be utilized on its federal income tax return for fiscal 1983) 
as an increase in unamortized investment tax credits and as 
a reduction of deferred income taxes. Such benefits can be used 
to reduce taxes that become payable during the period these 
benefits may be carried forward for use on future federal 
income tax returns. 
At June 30, 1983, deferred income taxes had been reduced 
by approximately $62.3 million of fiscal 1983 net operating loss 
carryforward and approximately $98.9 million of investment 
tax credit carryforward. Approximately $23 million of invest- 
ment tax credit carryforwards expire in 1997, and the remain- 
ing investment tax credit and net operating loss carryforwards 
expire in 1998. Deferred income taxes will be restored by a 
charge to income as these carryforwards are utilized. 
The Company's federal income tax returns for fiscal years 
1976 through 1980 are presently under review by the Internal 
Revenue Service. Various potential adjustments are under con- 
sideration in connection with this review. In the opinion of 
management, the final outcome of this review will not have a 
material adverse effect on the Company's financial condition. 
8. Contingencies: 
The Company is a defendant in certain legal actions 
relating to environmental problems (primarily noise), alleged 
employment discrimination practices, other matters concerning 
past and present employees, disputes concerning the Com- 
pany's liability for payment of fees and charges for certain 
airport facilities, and other matters related to the Company's 
business. Given the unsettled status of the law in many of the 
areas involved, the outcome of these actions is difficult to pre- 
dict. In the opinion of management, the disposition of these 
matters is not likely to have any material adverse effect on the 
Company's financial condition. 
22 
9. Quarterly Financial Data (Unaudited): 
Three Months Ended 
Sept.30 Dec.31 Mar.31 June 30 
Fiscal 1983 (In Millions, Except Per Share Amounts) 
Operating revenues ........ $876.5 $899.1 $904.8 $936.0 
Operating income (loss) . . . . $ (39.2) $(35.6) $(81.6) $(50.9) 
Net income (loss) . . . . . . . . . $(16.1) $ (5.6) $(39.5) $(25.5) 
Net income (loss) per share .. $(0.41) $ (0.14) $ (.99) $ (.64) 
Fiscal 1982 
Operating revenues . ... . ... $891.3 $894.6 $881.3 $950.3 
- - 
Operating income (loss) . . . . $ .6 $ 2.1 $(45.7) $ 34.8 
Net income (loss) . . . . . . . . . $ 7.6 $ 8.5 $(18.4) $ 23.1 
- - 
Net income (loss) per share . . $ .19 $ .21 $ (.46) $ .58 
10. Constant Dollar and Current Cost Data (Unaudited): 
The Financial Accounting Standards Board (FASB) State- 
ment No.33, Financial Reporting and Changing Prices, requires 
that certain historical financial data be restated utilizing two 
different approaches to measure the impact of changing prices: 
(1) the "constant dollar" approach, which reflects the effect of 
general inflation on the purchasing power of the dollar; and (2) 
the "current cost" approach, which reflects the changes in 
relative prices for specific goods and services. 
Data developed in compliance with Statement No.33 is of 
an experimental nature and should be viewed with caution. 
Calculations derived from the application of Statement No.33 
involve a substantial number of assumptions and estimates, 
and may not reflect the most accurate reporting of the effects 
of inflation on the Company. 
Under the constant dollar concept, the historical cost at 
June 30, 1983, of property and equipment was aged by year of 
acquisition. This historical cost was restated in average fiscal 
1983 dollars by the application of the U.S. Government Con- 
sumer Price Index for All Urban Consumers (CPI-U). The 
CPI-U is a widely used measure of inflation and is the specific 
index selected by the FASB to measure the effect of general 
inflation. Depreciation and amortization were recalculated on a 
straight-line method, using historical depreciation rates applied 
to the constant dollar cost. 
The gain from the decline in purchasing power was deter- 
mined by calculating the changes in monetary assets and 
liabilities in 1983 constant dollars. In times of inflation, there is 
a purchasing power loss in holding monetary assets such as 
cash and receivables and a purchasing power gain in holding 
monetary liabilities such as debt and payables. 
For flight equipment, current cost (specific prices) was 
determined by utilizing the purchase price information for 
current production aircraft types as furnished by the Air Trans- 
port Association and current market values for nonproduction 
aircraft as published in various industry sources. For spare 
engines and components, the current cost was determined by 
 DELTA AIR LINES, INC. 
applying the historical ratio of the cost of spare engines and 
components to the current cost of the related aircraft fleets. For 
ground property and equipment, the current cost was computed 
in the same manner as the constant dollar information. Current 
cost depreciation expense was computed by multiplying the 
historical rates by the current costs determined above. 
Current tax laws do not recognize deductions for current 
cost of depreciation and amortization expense; therefore, 
income taxes provided are reported in historical dollars as 
required by Statement No.33. 
Consolidated Statement of Income Adjusted for Changing Prices (Unaudited) 
For the year ended June 30, 1983 
As Reported 
in the 
Financial 
Statements 
(Historical Cost) 
Adjusted for 
General Inflation 
(Average 
Fiscal 1983 
Constant Dollars) 
Adjusted for 
Change in 
Specific Prices 
(Current Cost) 
( In Thousands, Except Per Share Data) 
Operating revenues ..... ....... . . ... . .. .. .. . . ... .... . . .. .. . . . . . ... . $3,616,413 $3,616,413 $3,616,413 
Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Operating expenses (excluding depreciation and amortization) ...... . .. . .. .. . . . 
Gain on disposition offlight equipment . . . .. ......... . ....... ... . .. . ... . 
Other expense (income), net . . .... . .. .. . .... .. . . .. . . ..... ... . . . .. .. . . 
Income taxes provided (credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Amortization of investment tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 
Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Net loss ................... . . . ... .. .. . .. .... . ............ ... ... . 
Net loss per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 
Gain from decline in purchasing power 
of net amounts owed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Effect on property and equipment of: 
$ 
$ 
306,240 
3,517,507 
(28,229) 
47,596 
(109,642) 
(30,329) 
3,703,143 
86,730 
2.18 
366,551 
3,517,507 
(20,164) 
47,596 
(109,642) 
(38,494) 
3,763,354 
$ 146,941 
$ 3.70 
$ 31,164 
Increase in specific prices (current cost)* .. . ..................... . .. ...... . . ... . .... . .. . .. ..... . . 
Increase in general price level ( constant dollar) ............................. . ... .... . ... .. .. . . . . .. . 
Excess of increase in specific prices over the increase in general price level. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
* At June 30, 1983, owned and leased property and equipment, stated at current cost, net of adjusted accumulated depreciation 
from date of acquisition, was $3.72 billion compared with the historical depreciated cost of $2.68 billion. 
Five-Year Comparison of Selected Supplementary Consolidated Financial Data (Unaudited) 
Stated in Average Fiscal 1983 Dollars For the Year Ended June 30 
Operating revenues ... . .......... . ............... . 
Historical cost information adjusted for general inflation - 
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Net income (loss) per share . . . . . . . . . . . . . . . . . . . . . 
Net assets .......... . .. . . . .. . .. ..... ..... . . . 
Historical cost information adjusted for specific prices- 
Net loss . . .... . . .......... . . ........... . .. . 
Net loss per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Excess of increase in specific prices over increase 
in the general price level . . . . . . . . . . . . . . . . . . . . . . 
Net assets ... .. .. ................. .. .. . ... . . 
Depreciation and amortization . . . . . . . . . . . . . . . . . .. 
Gain from decline in purchasing power of net amounts owed 
Cash dividends paid per common share . . ..... . ...... . . 
Market price per common share at year-end . . . . . . . . . . . . . 
Average consumer price index (196 7 = 100) . . . . . . . . . . . . . . 
1983 
$3,616,413 
(146,941) 
(3.70) 
1,538,897 
(222,094) 
(5.59) 
54,982 
1,784,423 
458,787 
31,164 
1.00 
42.50 
294.0 
23 
1982 1981 1980 
( In Thousands, Except Per Share Data) 
$3,772,798 $4,000,619 $3,739,123 
(97,524) 50,036 9,399 
(2.45) 1.26 0.24 
2,083,066 2,083,055 2,034,490 
(165,484) (17,524) (22,733) 
( 4.16) (0.44) (0.57) 
39,847 359,597 64,332 
2,293,396 2,445,983 2,252,451 
460,666 448,512 401,797 
52,977 53,167 79,599 
.99 .79 .76 
35.46 40.38 24.82 
281.9 259.4 232.5 
$ 
$ 
$ 
$ 
$ 
458,787 
3,517,507 
(37,247) 
47,596 
(109,642) 
(38,494) 
3,838,507 
222,094 
5.59 
31,164 
144,730 
89,748 
54,982 
1979 
$3,478,494 
.75 
28.74 
205.2 
 DEITA AIR LINES, INC. 
Consolidated Summary of Operations For the years ended June 30 
(Dolla rs expressed in thousands except per share figures) 
Operating revenues: 
Passenger . ....................... . .. . . . .. . . .. . . 
Cargo ................... . ....... . . . .. . ..... . . . 
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Total operating revenues . ........ ... .... . ....... .... . . . 
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Interest expense, net 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Miscellaneous income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Gain on disposition of flight equipment . . ........ . ... .. .. . . 
Realized and unrealized gain (loss) on 
foreign currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Income (loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . 
Income taxes credited (provided) .. . ... . .............. . .. . 
Amortization of investment tax credits . . ... . ...... . ... . ... . 
Net income (loss) ......... . .......... .. ..... .. .. . ... . 
et income (loss) per share* . ....... ....... ...... ... ... . . 
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Dividends paid per share* . . . . . . . . . . . . . . . . . . . . . . . . . . 
1 Has been reduced by interest capitalized of . . . ....... .. .... . 
Other Financial and Statistical Data For the years ended June 30 
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Stockholders' equity ... ... .. .. . ...... . . . .. .... . . .... . . 
Stockholders' equity per share* .. .. . . . .. ... ... . .... .. .. . . 
Shares of common stock outstanding* . . . . . . . . . . . . . . . . . . . . . 
Revenue passengers enplaned . .... . ... ... ... ...... .. ... . 
Available seat miles (000) .. ... ... . . . .... . .. . ... .. .. .. . . 
Revenue passenger miles (000) ....... .. .. ... . . .. . ..... . . 
Passenger load factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Breakeven load factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Available ton miles (000) .... .. . . .... . .. . ..... . . . .. .. . . . 
Revenue ton miles (000) .... .. . . .. . .......... ... ...... . 
Passenger revenue per passenger mile. . . . . . . . . . . . . . . . . . . . . 
Operating expenses per available seat mile . . . ... ... . ... . .. . . 
Operating expenses per available ton mile .. . ........ . ...... . 
* Adjusted for 2-for-1 stock split distributed December 1, 1981. 
1983 
$3,347,014 
227,146 
42,253 
3,616,413 
3,823,747 
$ (207,334) 
(63,494) 
14,000 
28,229 
1,898 
$ (226,701) 
109,642 
30,329 
$ (86,730) 
$(2.18) 
$ 39,761 
$1.00 
$ 29,398 
1983 
$1,092,364 
$ 897,160 
$ 22.56 
39,761,154 
35,666,116 
47,915,817 
26,096,996 
54.46% 
57.84% 
6,202,910 
2,951,119 
12.83 
7.98 
61.64 
1982 1981 
$3,352,173 $3,287,511 
230,597 213,431 
34,753 32,384 
3,617,523 3,533,326 
3,625,679 3,359,132 
$ (8,156) $ 174,194 
(22,284) (7,596) 
11,280 19,917 
1,570 30,078 
2,385 6,227 
$ (15,205) $ 222,820 
9,652 (101,447) 
26,367 25,101 
$ 20,814 $ 146,474 
$0.52 $3.68 
$ 37,773 $ 27,832 
$0.95 $0.70 
$ 38,154 $ 15,539 
1982 1981 
$ 362,774 $ 198,411 
$1,023,651 $1,040,611 
$ 25.75 $ 26.17 
39,761,154 39,761,154 
34,169,927 36,743,214 
45,154,885 45,428,277 
24,284,804 25,192,531 
53.78% 55.46% 
53.91% 52.52% 
5,937,817 6,037,476 
2,773,337 2,845,425 
13.80<!: 13.05<!: 
8.03<!: 7.39<!: 
61.0M 55.64<!: 
 DELTA AIR LINES, INC. 
1980 1979 1978 1977 1976 1975 1974 
$2,733,820 $2,213,024 $1,861,100 $1,575,642 $1,406,417 $1,271,720 $1,124,759 
190,490 167,904 153,233 114,800 100,626 85,388 86,685 
32,650 46,918 36,578 29,203 21,899 19,922 15,683 
2,956,960 2,427,846 2,050,911 1,719,645 1,528,942 1,377,030 1,227,127 
2,864,323 2,218,814 1,845,816 1,578,464 1,411,333 1,282,000 1,070,043 
$ 92,637 $ 209,032 $ 205,095 $ 141,181 $ 117,609 $ 95,030 $ 157,084 
(11,062) (9,461) (17,313) (23,061) (31,387) (31,281) (17,465) 
10,687 9,069 7,640 4,825 2,284 2,297 3,088 
36,091 20,514 32,689 29,403 7,680 7,944 18,607 
(3,735) (7,110) (3,339) 2,699 13,357 5,855 
$ 124,618 $ 222,044 $ 224,772 $ 155,047 $ 109,543 $ 79,845 $ 161,314 
(54,433) (104,429) (109,296) (76,362) (53,949) (39,324) (78,953) 
22,973 19,129 15,651 13,695 14,613 11,359 8,288 
$ 93,158 $ 136,744 $ 131,127 $ 92,380 $ 70,207 $ 51,880 $ 90,649 
$2.34 $3.44 $3.30 $2.32 $1.77 $1.30 $2.28 
$ 23,857 $ 20,875 $ 14,911 $ 13,916 $ 11,928 $ 11,928 $ 11,926 
$0.60 $0.53 $0.38 $0.35 $0.30 $0.30 $0.30 
$ 10,790 $ 6,717 $ 4,794 $ 2,922 $ 3,247 $ 6,099 $ 10,810 
1980 1979 1978 1977 1976 1975 1974 
$ 147,901 $ 125,483 $ 167,331 $ 237,497 $ 350,968 $ 390,437 $ 345,119 
$ 921,969 $ 852,668 $ 736,799 $ 620,583 $ 542,112 $ 483,833 $ 443,826 
$ 23.19 $ 21.44 $ 18.53 $ 15.61 $ 13.63 $ 12.17 $ 11.16 
39,761,154 39,761,154 39,761,154 39,761,154 39,761,154 39,761,154 39,761,154 
39,713,904 39,360,368 33,007,670 28,811,966 27,996,665 25,831,631 25,565,208 
43,217,372 39,826,891 35,135,046 32,614,260 30,389,761 29,497,234 28,417,679 
26,171,197 25,518,520 20,825,722 18,042,339 17,621,247 15,916,860 15,445,891 
60.56% 64.07% 59.27% 55.32% 57.98% 53.96% 54.35% 
58.51% 58.02% 52.74% 50.36% 53.14% 49.93% 46.76% 
5,748,143 5,357,995 4,743,778 4,478,038 4,145,183 4,030,116 3,847,226 
2,934,375 2,916,585 2,426,265 2,113,798 2,034,848 1,822,574 1,800,400 
10.45 8.67 8.94 8.73 7.98 7.99 7.28 
6.63 5.57 5.25 4.84 4.64 4.35 3.77 
49.83 41.41 38.91 35.25 34.05 31.81 27.81 
25 
 DELTA AIR LINES, I C. 
Board of Directors 
R. W. ALLE 
KARLD. BAYS 
W. T. BEEBE 
B. W. BIEDE HAR 
GEORGE D. BUSBEE 
C. H. DOLSO 
R. W. FREEMAN 
DAVID C. GARRETT, JR. 
EDWARD H. GERRY 
MARY JOH STO HEAD 
JESSE HILL, JR. 
BILL MICHAELS 
T. M. MILLER 
ROBERT OPPENLANDER 
JOHN G. PHILLIPS 
CARLETON PUTNAM 
Senior Vice President- 
Administration and Personnel 
Chairman of the Board and Chief 
Executive Officer, American Hospital 
Supply Corporation, Evanston, Illinois 
Chairman of the Board 
Chairman of the Board and Director, 
Ouachita Coca-Cola Bottling Co., 
Biedenharn Realty Co., Inc., and 
Ouachita Candy Co., Monroe, Louisiana 
Partner of law firm of King & Spalding, 
Atlanta, Georgia 
Chairman of the Executive Committee 
Chairman of the Personnel and 
Compensation Committee and Finance 
Committee; Chairman of the Board and 
Director, Louisiana Coca-Cola Bottling 
Co., Ltd., New Orleans, Louisiana 
President and Chief Executive Officer 
Partner of Gerry Brothers & Co., 
Investment Management, New York, 
New York 
Director of various corporations 
President, Chief Executive Officer 
and Director, Atlanta Life Insurance 
Company, Atlanta, Georgia 
Chairman of the Audit Committee; 
Chairman of the Executive Committee 
and Director, Storer Communications, 
Inc., Miami, Florida 
Retired Senior Vice President- 
Marketing 
Senior Vice President- Finance 
Chairman of the Board and Chief 
Executive Officer, The Louisiana Land 
and Exploration Company, New Orleans, 
Louisiana 
Private Investments 
GEORGE M. SNELLINGS, JR. Member of the law firm of Snellings, 
Breard, Sartor, Inabnett & Trascher, 
Monroe, Louisiana 
AU DIT COMMITTEE 
BILL MICHAELS, Chairman 
B. W. BIEDENHARN 
GEORGE D. BUSBEE 
C. H . DOLSON 
MARY JOHNSTON HEAD 
CARLETON PUTNAM 
PERSONNEL AND 
COMPENSATION COMMITTEE 
R. W. FREEMAN, Chairman 
KARLD. BAYS 
W. T. BEEBE 
T. M. MILLER 
GEORGE M. SNELLINGS, JR. 
COMMITTEE ON DIRECTORS 
W. T. BEEBE, Chairman 
KARLD. BAYS 
R. W. FREEMAN 
DAVID C. GARRETT, JR. 
EDWARD H. GERRY 
GEORGE M. SNELLINGS, JR. 
EXECUTIVE COMMITTEE 
C.H. DOLSON, Chairman 
R. W. ALLEN 
DAVID C. GARRETT, JR. 
ROBERT OPPENLANDER 
FINANCE COMMITTEE 
R. W. FREEMAN, Chairman 
KARLD. BAYS 
W. T. BEEBE 
EDWARD H. GERRY 
JESSE HILL, JR. 
T. M. MILLER 
JOHN G. PHILLIPS 
GEORGE M. SNELLINGS, JR. 
Officers 
DAVID C. GARRETT, JR. 
R. W. ALLEN 
JAMES W. CALLISON 
J. A. COOPER 
HOLLIS L. HARRIS 
D. P. HETTERMANN 
ROBERT OPPENLANDER 
FRANK F. ROX 
R. G. CALDWELL 
ROBERT H. COWART 
JOHN P. DAVIS 
M. E. DULLUM 
J. D. DUNN 
R. LAMAR DURRETT 
M. 0 . GALLOWAY 
R. L. GIBSON 
RUSSELL H. HEIL 
JOHN HUME 
C. J. MAY 
REX A. McCLELLAND 
R. A. McKINNON 
FOY PHILLIPS 
C. A. SMITH 
C. A. THOMPSON 
FRANK S. CHEW 
JULIUS P. GWIN 
DON M. ADAMS 
J. K. BURNETTE 
ROBERTS. HARKEY 
W. WHITLEY HAWKINS 
H.M. JOHNSON 
HENRY ROSS 
EUGENE H. STEWART 
C. G. SWEAZEA 
SUSAN Q. DOWNER 
IKE LASSETER 
LAWSON ROLLINS 
AUD LY TOLLER, JR. 
26 
President & Chief Executive Officer 
Senior Vice President -Administration and 
Personnel 
Senior Vice President - General Counsel and 
Secretary 
Senior Vice President - Marketing 
Senior Vice President- Passenger Service 
Senior Vice President - Technical Operations 
Senior Vice President - Finance 
Senior Vice President- Flight Operations 
Vice President- Personnel Administration 
Vice President - Information Services 
Vice President- Maintenance 
Vice President - Government Affairs 
Vice President- Purchasing 
Vice President - Facilities and Technical 
Operations Administration 
Vice President - Finance 
Vice President - Traffic 
Vice President- Personnel 
Vice President- In-Flight Service 
Vice President- Engineering 
Vice President- Properties 
Vice President - Marketing 
Vice President- Passenger Service 
Vice President- Flight Operations 
Vice President- Stations 
Treasurer 
Comptroller 
Assistant Vice President - Law and 
Assistant Secretary 
Assistant Vice President - Quality Control 
Assistant Vice President- Law and 
Assistant Secretary 
Assistant Vice President- Marketing 
Assistant Vice President- Employment 
Assistant Vice President - Marketing 
Services 
Assistant Vice President- Corporate 
Security 
Assistant Vice President- Public Affairs 
Assistant Secretary 
Assistant Secretary 
Assistant Comptroller- Revenue Accounting 
Assistant Treasurer-Treasury 
 Transfer Agent and Registrar 
for Common Stock 
The Citizens and Southern National Bank 
P.O. Box 105555 
Atlanta, Georgia 30399 
Trustee for Debentures 
Shawmut Bank of Boston, N.A. 
One Federal Street 
Boston, Massachusetts 02211 
Auditors 
Arthur Andersen & Co. 
133 Peachtree Street, N.E. 
Atlanta, Georgia 30303 
Annual Meeting 
October 27, 1983, Monroe, Louisiana 
Common Stock 
Listed on the New York Stock Exchange 
Number of Stockholders 
18,202 as of August 19, 1983 
Market Prices and Dividends* 
Market Price Range of 
Fiscal Year 1983 
Quarter Ended: 
September 30 . . . . . . . . . . . 
December 31 . . . . . . . . . . .. 
March 31 .......... . .. . 
June 30 ... . ...... . ... . 
Fiscal Year 1982 
Quarter Ended: 
September 30 . . . . . . . . . . . 
December 31 . . . . . . . . . . . . 
March 31 ...... . ... . .. . 
June 30 .... . ......... . 
Common Stock on 
New York Stock Exchange 
High Low 
35 25 
47 27 
51 38 
49 40 
35 
31 
32 
35 
26 
24yg 
22Ys 
29 
*Adjusted for 2-for-1 stock split distributed December 1, 1981 
Availability of Form 10-K 
Cash 
Dividends 
Paid Per Share 
$.25 
.25 
.25 
.25 
$.20 
.25 
.25 
.25 
The Company will supply, upon written request and without 
charge, a copy of the Company's annual report for the fiscal 
year 1983 on Form 10-K to any person beneficially owning or 
owning of record any of the common stock of the Company on 
September 6, 1983. Requests for the report should be directed 
to James W. Callison, Secretary, Delta Air Lines, Inc., Hartsfield 
Atlanta International Airport, Atlanta, Georgia 30320. 
27 
DELTA AIR LINES, INC. 
Notice to the Stockholders of Delta Air Lines, Inc. 
Part 245 of the Economic Regulations of the Civil Aeronautics 
Board provides that: ( 1) any person who either owns, as of 
December 31st of the year preceding issuance of this annual 
report, or subsequently acquires, beneficially or as trustee, 
more than 5%, in the aggregate, of any class of the capital 
stock or capital of Delta Air Lines, Inc., shall file with the 
Board a report containing the information required by Section 
245.12 of Subpart 245, on or before April 1, as to the capital 
stock or capital owned as of December 31 of the preceding 
year, and, in case of the stock subsequently acquired, a report 
under Section 245.13, within 10 days after such acquisition, 
unless such person has otherwise filed with the Board a report 
covering such acquisition or ownership; (2) any bank or broker 
covered by ( 1 ), to the extent that it holds shares as trustee on 
the last day of any quarter of a calendar year, shall file with 
the Board, within 30 days after the end of the quarter, a report 
in accordance with the provisions of Section 245.14; and 
(3) any person required to report under this subpart who 
grants a security interest in more than 5% of any class of the 
capital stock or capital of Delta Air Lines, Inc. shall within 
30 days after granting such security interest file with the Board 
a report containing the information required in Section 245.15. 
Any stockholder who believes that he may be required to file 
such a report may obtain further information by writing to 
the Director, Bureau of Domestic Aviation, Civil Aeronautics 
Board, Washington, D.C. 20428. 
 Delta Air Lines System Route Map 
At June 30, 1983, Delta provided scheduled air transportation 
to 85 domestic cities in 33 states, the District of Columbia, and 
six cities in six foreign countries. During fiscal 1983, Delta 
initiated service to three new cities: Okahoma City, Albuquer- 
que, and Norfolk/Virginia Beach/Williamsburg. In addition, 
Delta continued to develop its route system by adding new 
nonstop services in 15 markets between cities on its existing 
route system. 
San't>iego 
onville 
a Beach 
0 
m Beach 
Ft. uderdale 
Delta Air Lines, Inc. 
General Offices, Hartsfield Atlanta International Airport 
Atlanta, Georgia 30320 
28 
M'ami Nassau 
_.,; SanJu:n 
 London 
 F 
rankfurt