Delta Airlines Financial Review

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Financial Management Analysis MBA 6160 September 30, 2011 Table of Contents Introduction………………………………………………………………………………………3 Senior Management Profiles…………………………………………………………………..3 Competition………………………………………………………………………………………5 Financial Analysis……………………………………………………………………………….7 Financial Techniques………………………………………………………………………….11 Capital Funding………………………………………………………………………………...12 Working Capital………………………………………………………………………………..14 Summary………………………………………………………………………………………..16 Recommendations…………………………………………………………………………….17 Income Statement……………………………………………………………………………..19 Balance Statement…………………………………………………………………………….20 Cash Flow Statement………………………………………………………………………….22 References……………………………………………………………………………………..25 Introduction The airline industry is currently in turmoil, as rising fuel prices coupled with poor economic conditions and fierce competition makes it difficult for an airline to operate profitably. Therefore, this financial analysis is to prove the necessity for Delta Airlines to merge its cargo operations, passenger operations and aircraft maintenance with the other Skyteam Alliance Airlines. Thus, the cargo operations will be split off, and merged with the other cargo operations from the Skyteam Cargo Alliance to form a new company named Skyteam Cargo Handling, which would only handle the cargo activities for all the Skyteam Cargo Alliance members. The same would happen with their passenger business and maintenance. Delta Airlines, Inc. was incorporated in the State of Delaware, but their corporate office and primary hub is in Atlanta, Georgia. Delta is of course an airline, which provides passenger and cargo transportation globally. On October 28, 2008, Delta and Northwest Airlines merged to create one of the largest airlines in the world: together they service 365 destinations in 66 countries. Delta is one of the founding

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