Question: Delta Air Lines, Inc. (DAL) provides cargo and passenger services throughout the world. The following operating data (in millions) were adapted from recent financial statements

Delta Air Lines, Inc. (DAL) provides cargo and passenger services throughout the world. The following operating data (in millions) were adapted from recent financial statements of Delta.

1. Prepare common-sized income statements for Years 1 and 2. Round to one decimal place.
2. Using your answer to (1), analyze and comment on the performance of Delta in Year 2.

Year 1 Year 2 Revenue. Operating expenses: Fuel Aircraft related Selling and general Other expenses Total operating expenses. Operating income .537773 40362 $ (9,397) .(13,225) (9,829) (11,668) (13,070) (10,905) $(34373) $ 3,400 54875(38,156) 2,206

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