Europe's biggest carriers are faring better than their U.S. counterparts

REVENUES EARNINGS DEBT CARRIER ($ BILLION) ($ MILLION) ($ BILLION)

LUFTHANSA 4.7 (77) 1.2 AIR FRANCE 3.4 4 3.2 BA 2.9 83 12.2 UNITED 3.5 (1,473) 21.3 AMERICAN 4.2 (529) 21.9 DELTA 3.3 (363) 19.0

Revenue and earnings for quarter ended 12/31/02 Data: Airlines, Standard & Poor's

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