SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Delta Air Lines Inc/DE – ‘10-K’ for 6/30/97 – EX-18

As of:  Monday, 9/29/97   ·   For:  6/30/97   ·   Accession #:  950144-97-10440   ·   File #:  0-20319

Previous ‘10-K’:  ‘10-K’ on 9/30/96 for 6/30/96   ·   Next:  ‘10-K’ on 9/28/98 for 6/30/98   ·   Latest:  ‘10-K’ on 2/12/24 for 12/31/23

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 9/29/97  Delta Air Lines Inc/DE            10-K        6/30/97   11:711K                                   Bowne of Atlanta Inc/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Delta Air Lines, Inc.                                 27    111K 
 2: EX-4.7      Credit Agreement                                      91    331K 
 4: EX-10.16    Forms of Executive Retention Protection Agreements    45    153K 
 3: EX-10.8     Agreement Between Delta and Ronald W. Allen           63    241K 
 5: EX-11       Statement Re: Computation of Per Share Earnings        2±    13K 
 6: EX-12       Statement Re: Computation of Ratios                    1     10K 
 7: EX-13       Portions of Delta's 1997 Annual Report                54±   243K 
 8: EX-18       Letter Re: Change in Accounting Principles             1      9K 
 9: EX-23       Consent of Arthur Andersen                             1      7K 
10: EX-24       Powers of Attorney                                    13     25K 
11: EX-27       Financial Data Schedule                                1     10K 


EX-18   —   Letter Re: Change in Accounting Principles

EX-18TOCTopPreviousNextBottomJust 1st
 

EXHIBIT 18 [LETTERHEAD OF ARTHUR ANDERSEN LLP] September 25, 1997 Delta Air Lines, Inc. Post Office Box 20533 Atlanta, Georgia 30320-2533 Re: Form 10-K Report for the Year Ended June 30, 1997 Ladies and Gentlemen: This letter is written to meet the requirements of Regulation S-K calling for a letter from a registrant's independent accountants whenever there has been a change in accounting principle or practice. As of March 31, 1997, the Company changed the date for measuring its benefit plan assets and liabilities from June 30 to March 31 as permitted by Statements of Financial Accounting Standards No. 87, "Employers' Accounting for Pensions, No. 106, "Employers' Accounting for Postretirement Benefits Other than Pensions," and No. 112, "Employers' Accounting for Postemployment Benefits." According to the management of the Company, this change was made in order to obtain information necessary for the preparation of the financial statements on a more timely basis. A complete coordinated set of financial and reporting standards for determining the preferability of accounting principles among acceptable alternative principles has not been established by the accounting profession. Thus, we cannot make an objective determination of whether the change in accounting described in the preceding paragraph is to a preferable method. However, we have reviewed the pertinent factors, including those related to financial reporting, in this particular case on a subjective basis, and our opinion stated below is based on our determination made in this manner. We are of the opinion that the Company's change in method of accounting is to an acceptable alternative method of accounting, which, based upon the reasons stated for the change and our discussions with you, is also preferable under the circumstances in this particular case. In arriving at this opinion, we have relied on the business judgment and business planning of your management. Very truly yours, /S/ ARTHUR ANDERSEN LLP

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:9/29/97
9/25/97
For Period End:6/30/9711-K
3/31/9710-Q
 List all Filings 
Top
Filing Submission 0000950144-97-010440   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., Mar. 28, 11:40:40.1am ET