Delta
Delta Airlines traces its roots back to 1924, when Huff Daland Dusters founded the world's first aerial crop dusting organization. In 1928 the company became Delta Air Service and on June 17, 1929, Delta began its airline service with the first passenger flights over a route stretching from Dallas, Texas to Jackson, Mississippi. Today Delta Air Lines transports more passengers worldwide than any other airline, through a vast worldwide route system. Some of its worldwide partners include Air Jamaica, British European, China Southern, Malaysia Airlines, and South African Airways. Since the founding of Delta Air Lines, they have stood for safe and reliable air transportation, distinctive customer service and hospitality from the heart. Delta's vision is to build on its traditions and to always meet their customers' expectations while taking service to even higher levels of excellence. In 2001, 104 million passengers chose to fly Delta, more than any other airline in the world. Delta is dedicated to being the best airline in the eyes of their customers. They are determined to provide value and distinctive products to their customers, a superior return for investors and challenging and rewarding work for Delta people in an envir
This is an astounding 214% difference from 2000 to 2001. They had a net income in 2000 of $813 million but fell to $-1,762 million in 2001. If its current liabilities are increasing at the same time its non-current assets are increasing, this means Delta will have trouble paying off its debt that is maturing because it does not have sufficient liquid assets to pay the debt. Its diluted earnings per share held a similar fate, falling to $-9. However, third quarter operating revenues increased 0. Delta's financial results for the year ended December 31, 2001 were significantly affected by the terrorist attacks on September 11th. In the year 2000, Delta's current liabilities as a percentage of its total debt were 33. Delta is having enormous problems covering its current debt with its cash flows dropping at a colossal rate. 5 percent, compared to the third quarter in 2001. 3 billion of secured long-term debt and $701 million of short-term obligations and notes payable. American Airlines had just as much trouble making money for their shareholders with their basic and diluted earnings per share falling to $-11. It is now recovering somewhat and is at $11.
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