Delta Air Lines
Annual Report 2020

Plain-text annual report

       John Hennessy Pat McCann Republic of Ireland 1 UK 4 Global Overview 6     2 17 22 Revenue -68.1% Margin Earnings Cash Growth People Customer Satisfaction  Read about:                 Stephen McNally Group Revenue and Earnings  Trading Review by Segment   Central Costs and Share- Based Payments Expense Comprehensive Efforts to Limit Cash Outflows Property, Plant and Equipment Capital Structure Investment in new technologies • • • • • • • • • • • Achievements to date Growth Strategy Dermot Crowley                  • • • • • • • • • • •  • • • • • Pat McCann                        John Hennessy      John Hennessy Pat McCann Margaret Sweeney Non-Executive Director and Senior Independent Director Dermot Crowley Elizabeth McMeikan Non-Executive Director Alf Smiddy Robert Dix Shane Casserly Stephen McNally Seán McKeon                            Our approach                 Alf Smiddy         John Hennessy            Robert Dix         Margaret Sweeney Directors’ Remuneration Policy 2020 – 2022  Annual Remuneration Report             Elizabeth McMeikan       • • John Hennessy Pat McCann  Statement of Directors’ Responsibilities in respect of the Annual Report and the Financial Statements         John Hennessy Patrick McCann Independent Auditor’s Report Report on the audit of the financial statements        Independent Auditor’s Report Key audit matters: our assessment of risks of material misstatement Independent Auditor’s Report            Independent Auditor’s Report          Independent Auditor’s Report       Independent Auditor’s Report              Independent Auditor’s Report Respective responsibilities and restrictions on use Patricia Carroll Consolidated statement of profit or loss and other comprehensive income Consolidated statement of financial position John Hennessy Patrick McCann Consolidated statement of changes in equity Consolidated statement of changes in equity Consolidated statement of cash flows Notes to the consolidated financial statements 1 Significant accounting policies      Notes to the consolidated financial statements 1 Significant accounting policies (continued)         Notes to the consolidated financial statements 1 Significant accounting policies (continued)     Notes to the consolidated financial statements 1 Significant accounting policies (continued)         Notes to the consolidated financial statements 1 Significant accounting policies (continued) Notes to the consolidated financial statements 1 Significant accounting policies (continued) Notes to the consolidated financial statements 1 Significant accounting policies (continued) Notes to the consolidated financial statements 1 Significant accounting policies (continued) Notes to the consolidated financial statements 1 Significant accounting policies (continued) Notes to the consolidated financial statements 1 Significant accounting policies (continued) Notes to the consolidated financial statements 2 Operating segments Notes to the consolidated financial statements 2 Operating segments (continued) Notes to the consolidated financial statements 2 Operating segments (continued)     Notes to the consolidated financial statements 2 Operating segments (continued)    Notes to the consolidated financial statements 2 Operating segments (continued) Notes to the consolidated financial statements 2 Operating segments (continued) Notes to the consolidated financial statements 3 Statutory and other information Notes to the consolidated financial statements 4 Other income 5 Finance costs Notes to the consolidated financial statements 6 Personnel expenses Notes to the consolidated financial statements 7 Share-based payments expense Notes to the consolidated financial statements 7 Share-based payments expense (continued) Notes to the consolidated financial statements 8 Government grants and government assistance Notes to the consolidated financial statements 8 Government grants and government assistance (continued) 9 Tax (credit)/charge Notes to the consolidated financial statements 9 Tax (credit)/charge (continued) 10 Impairment    Notes to the consolidated financial statements 10 Impairment (continued)     Notes to the consolidated financial statements 11 Intangible assets and goodwill Notes to the consolidated financial statements 11 Intangible assets and goodwill (continued) Notes to the consolidated financial statements 11 Intangible assets and goodwill (continued) Notes to the consolidated financial statements 12 Property, plant and equipment Notes to the consolidated financial statements 12 Property, plant and equipment (continued) Notes to the consolidated financial statements 12 Property, plant and equipment (continued) Notes to the consolidated financial statements 12 Property, plant and equipment (continued)       Notes to the consolidated financial statements 13 Leases    Notes to the consolidated financial statements 13 Leases (continued) Notes to the consolidated financial statements 13 Leases (continued) Notes to the consolidated financial statements 13 Leases (continued)     Notes to the consolidated financial statements 13 Leases (continued)   Notes to the consolidated financial statements 13 Leases (continued) Notes to the consolidated financial statements 14 Investment property    15 Contract fulfilment costs Notes to the consolidated financial statements 16 Trade and other receivables Notes to the consolidated financial statements 16 Trade and other receivables (continued) 17 Inventories 18 Cash and cash equivalents Notes to the consolidated financial statements 19 Capital and reserves Notes to the consolidated financial statements 19 Capital and reserves (continued) Notes to the consolidated financial statements 20 Trade and other payables 21 Provision for liabilities Notes to the consolidated financial statements 21 Provision for liabilities (continued) 22 Loans and borrowings Notes to the consolidated financial statements 22 Loans and borrowings (continued) Notes to the consolidated financial statements 22 Loans and borrowings (continued) Notes to the consolidated financial statements 22 Loans and borrowings (continued) Notes to the consolidated financial statements 22 Loans and borrowings (continued) Notes to the consolidated financial statements 23 Derivatives    Notes to the consolidated financial statements 24 Deferred tax Notes to the consolidated financial statements 24 Deferred tax (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued)           Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 25 Financial instruments and risk management (continued) Notes to the consolidated financial statements 26 Commitments 27 Related party transactions 28 Subsequent events Notes to the consolidated financial statements 29 Subsidiary undertakings Notes to the consolidated financial statements 29 Subsidiary undertakings (continued) 30 Earnings per share Notes to the consolidated financial statements 30 Earnings per share (continued) 31 Approval of the financial statements Company statement of financial position John Hennessy Patrick McCann Company statement of changes in equity Company statement of cash flows Notes to the Company financial statements 1 Significant accounting policies 2 Investments in subsidiaries Notes to the Company financial statements 2 Investments in subsidiaries (continued) 3 Trade and other receivables 4 Amounts owed by subsidiaries 5 Cash and cash equivalents Notes to the Company financial statements 6 Trade and other payables 7 Share capital, share premium and merger reserve Notes to the Company financial statements 8 Dividends 9 Attributable profit or loss of the Company 10 Company related party disclosures 11 Commitments Notes to the Company financial statements 11 Commitments (continued) 12 Subsequent events 13 Approval of the financial statements Supplementary Financial Information Alternative Performance Measures (“APM”) and other definitions   Supplementary Financial Information Supplementary Financial Information Supplementary Financial Information Supplementary Financial Information Glossary Advisor and Shareholder Contacts 

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