UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 8, 2004
DELTA AIR LINES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-05424 58-0218548
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
P.O. Box 20706, Atlanta, Georgia 30320-6001
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(Address of principal executive offices)
Registrant's telephone number, including area code: (404) 715-2600
Registrant's Web site address: www.delta.com
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.
On September 8, 2004, Delta outlined key elements of a transformation plan to
improve the customer traveling experience while delivering significant savings.
Delta also stated that it anticipated recording accounting charges, possibly
including asset impairments, one-time termination and other termination costs,
contract termination costs and other associated costs, although it was not able
at that time to estimate the amount and timing of these charges.
As part of its press release announcing financial results for the December 2004
quarter and calendar year 2004, being filed with the Securities and Exchange
Commission today on a separate Form 8-K, Delta announced that it had recorded
accounting charges and gains associated with its transformation plan. These
include a $194 million charge related to voluntary and involuntary work force
reduction programs and a $527 million gain related to the elimination of the
healthcare coverage subsidy for future retirees. Although additional charges may
result from the transformation plan, Delta currently is not able to estimate the
total amount or timing of all of the charges associated with the transformation
plan, including the amounts of such charges that may result in future cash
expenditures.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DELTA AIR LINES, INC.
By: /s/ Edward H. Bastian
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Edward H. Bastian
Senior Vice President - Finance and
Date: January 20, 2005 Controller