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

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. Year 1 Year 2 Revenue $37,773 $40,362 Operating Expenses: Fuel $(9,397) $(11,668) (13,225) Aircraft related (13,070) Selling and general (9,829) (10,905) Other expenses (1,922) (2,513) Total operating expenses $(34,373). $(38,156). Operating income $3,400 $2,206 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

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