达美航空 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesþNo o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theExchange Act. Yes o Noþ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesþNo o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files). YesþNo o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer,""accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. o Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessmentof the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements oIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant's executive officers during the relevant recoveryperiod pursuant to §240.10D-1(b). oIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNoþThe aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as ofJune 30, 2024 was approximately $30.6 billion.On January 31, 2025, there were outstanding 645,962,006 shares of the registrant's common stock.This document is also available on our website at http://ir.delta.com/.Documents Incorporated By Reference Part III of this Form 10-K incorporates by reference certain information from the registrant's definitive Proxy Statementfor its 2025 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission. Table of Contents Forward-Looking Statements PART I PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES32 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND34 RESULTS OF OPERATIONS Financial Highlights34Results of Operations35Non-Operating Results38Income Taxes38Refinery Segment39Financial Condition and Liquidity40Critical Accounting Estimates43Supplemental Information47Glossary of Defined Terms50ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK51ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA52ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGANDFINANCIAL DISCLOSURE92ITEM 9A. CONTROLS AND PROCEDURES92ITEM 9B. OTHER INFORMATION94ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS94PART IIIITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE94ITEM 11. EXECUTIVE COMPENSATION94ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT ANDRELATED STOCKHOLDER MATTERS94 Page ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORINDEPENDENCE94ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES94 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES95ITEM 16. FORM 10-K SUMMARY99SIGNATURES100 Unless otherwise indicated or the context otherwise requires, the terms "Delta," "we," "us," and "our"refer to Delta Air Lines, Inc. and its subsidiaries. FORWARD-LOOKING STATEMENTS Statements in this Form 10-K (or otherwise made by us or on our behalf) that are not historical facts,including statements about our estimates, expectations, beliefs, intentions, projections or strategies forthe future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Actof 1995. Forward-looking statements involve risks and uncertainties that could cause actual results todiffe