Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Delta Air Lines Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Passenger	22,519)	12,883)	42,277)	39,755)	34,819)
Cargo	1,032)	608)	753)	865)	729)
Other	6,348)	3,604)	3,977)	3,818)	5,696)
Operating revenue	29,899)	17,095)	47,007)	44,438)	41,244)
Aircraft fuel and related taxes	(5,633)	(3,176)	(8,519)	(9,020)	(5,733)
Contracted services	(2,420)	(1,778)	(2,641)	(2,175)	(2,184)
Landing fees and other rents	(2,019)	(1,518)	(1,762)	(1,662)	(1,528)
Regional carriers expense	(1,736)	(2,479)	(3,584)	(3,438)	(4,503)
Aircraft maintenance materials and outside repairs	(1,401)	(822)	(1,751)	(1,575)	(1,992)
Passenger service	(756)	(523)	(1,251)	(1,178)	(1,067)
Aircraft rent	(430)	(399)	(423)	(394)	(351)
Cost of operating revenue	(14,395)	(10,695)	(19,931)	(19,442)	(17,358)
Gross profit	15,504)	6,400)	27,076)	24,996)	23,886)
Salaries and related costs	(9,728)	(8,754)	(11,225)	(10,743)	(10,436)
Ancillary businesses and refinery	(3,957)	(1,785)	(1,245)	(1,695)	—)
Depreciation and amortization	(1,998)	(2,312)	(2,581)	(2,329)	(2,235)
Passenger commissions and other selling expenses	(953)	(582)	(1,993)	(1,941)	(1,787)
Restructuring charges	19)	(8,219)	—)	—)	—)
Profit sharing	(108)	—)	(1,643)	(1,301)	(1,065)
Government grant recognition	4,512)	3,946)	—)	—)	—)
Other	(1,405)	(1,163)	(1,771)	(1,723)	(2,249)
Operating income (loss)	1,886)	(12,469)	6,618)	5,264)	6,114)
Interest expense, net	(1,279)	(929)	(301)	(311)	(396)
Impairments and equity method losses	(337)	(2,432)	(62)	(60)	—)
Gain (loss) on investments, net	56)	(105)	119)	38)	—)
Loss on extinguishment of debt	(319)	(8)	—)	—)	—)
Pension and related benefit (expense)	451)	219)	(65)	—)	—)
Miscellaneous, net	(60)	137)	(111)	220)	(17)
Non-operating expense, net	(1,488)	(3,118)	(420)	(113)	(413)
Income (loss) before income taxes	398)	(15,587)	6,198)	5,151)	5,701)
Income tax (provision) benefit	(118)	3,202)	(1,431)	(1,216)	(2,124)
Net income (loss)	280)	(12,385)	4,767)	3,935)	3,577)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Income statement item	Description	The company
Operating revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Delta Air Lines Inc. operating revenue decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Delta Air Lines Inc. operating income (loss) decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Delta Air Lines Inc. income (loss) before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Delta Air Lines Inc. net income (loss) decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.

Delta Air Lines Inc. (NYSE:DAL)

Income Statement