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38 Understanding the Numbers or simply employing a fairly recent average value for the gains in making earnings projections. After 1996, Delta Air Lines disclosed little in the way of nonrecurring gains on the sale of f light equipment. Its 2000 annual report, which covered the years from 1998 to 2000, did not disclose any gains or losses on the disposition of f light equipment.5 With hindsight, the first option, which would remove all of the gains and losses on f light equipment, may have been the most appropriate alternative. The Goodyear Tire and Rubber Company provides a timeless example of.
