MEMPHIS INTERNATIONAL AIRPORT
 FOR YEAR ENDED DECEMBER 31, 2002       TOTAL
                                                   CARGO HANDLED                    CARGO   LANDED
  DOMESTIC FREIGHT   INTERNATIONAL FREIGHT   AIR MAIL       HANDLED   MOVEMENTS   WEIGHT
            Enplaned           Deplaned           Enplaned          Deplaned            Enplaned          Deplaned             (lbs)     (1,000 lbs)
 MAJOR
   AirTran                              -                              -                              -                           -               214,474               300,623                   515,097                      2,822                   139,689
   American                     96,480                     71,237                              -                           -               176,851               258,720                   603,288                      3,332                   148,016
   Continental Airlines                     12,443                     51,739                              -                           -               144,519                 23,154                   231,855                         586                     32,230
   Delta                   979,234                2,502,677                              -                           -            2,521,654            2,814,675                8,818,240                      9,088                   624,041
   KLM                              -                              -                7,340,867            9,711,842                          -               289,851              17,342,560                         718                   157,774
   Northwest                3,892,110                3,204,413                              -                           -          31,062,778          24,074,188              62,233,489                    86,170                5,242,450
   United                     21,588                     98,239                              -                           -               419,762               251,184                   790,773                      1,472                     78,576
   US Airways                   120,591                   243,478                              -                           -               424,079               303,396                1,091,544                      3,490                   159,404
   TOTAL MAJOR                5,122,446                6,171,783                7,340,867            9,711,842          34,964,117          28,315,791              91,626,846                  107,678                6,582,180
       
 REGIONAL/COMMUTER    
   Air Wisconsin dba United Express                              -                              -                              -                           -                          -                           -                               -                         260                       6,110
   American Eagle                       6,273                       3,410                              -                           -                   2,376                   1,358                     13,417                      4,012                     53,415
   Atlantic Coast Airlines dba United Exp.                              -                              -                              -                           -                          -                           -                               -                      1,336                     31,396
   ComAir                     18,964                     22,636                              -                           -                          -                           -                     41,600                      2,324                     54,614
   Continental Express                       5,232                       3,914                              -                           -                   9,907                   2,889                     21,942                      5,908                   122,296
   Mesa Airlines dba US Airways Exp.                          664                          312                              -                           -                   1,998                   3,347                       6,321                         300                       6,382
   Mesaba Airlines                              -                              -                              -                           -                          -                           -                               -                    19,478                   511,298
   Northwest Airlink                   468,035                   520,238                              -                           -                          -                           -                   988,273                    67,508                1,148,579
   Skywest Airlines dba Delta Connection                              -                              -                              -                           -                          -                           -                               -                         172                       4,042
   Skywest Airlines dba United Express                              -                              -                              -                           -                          -                           -                               -                         400                       9,400
   Trans States dba American Connection                              -                              -                              -                           -                          -                           -                               -                         276                       3,421
   Trans States dba USAirways Express                       4,630                       3,254                              -                           -                   4,208                   2,126                     14,218                      1,044                     22,211
   Trans World Express                     10,211                     10,626                              -                           -                          -                      695                     21,532                      3,178                     46,741
   United Express                              -                              -                              -                           -                          -                           -                               -                         340                       7,972
   TOTAL REGIONAL/COMMUTER                   514,009                   564,390                              -                           -                 18,489                 10,415                1,107,303                  106,536                2,027,875
                              
 CARGO AIRLINES
   ABX Air                9,602,574                8,586,310                              -                           -                          -                           -              18,188,884                      1,736                     88,332
   Air Transport International              15,133,361              13,079,240                              -                           -                          -                           -              28,212,601                      1,008                     83,020
   Bankair, Inc.                     15,280                     13,375                              -                           -                          -                           -                     28,655                      1,174                       5,923
   Baron Aviation                4,265,101                2,132,667                              -                           -                          -                           -                6,397,768                      2,578                     10,957
   DHL                1,421,327                   916,329                              -                           -                          -                           -                2,337,656                         506                     13,049
   Emery Worldwide                9,352,832                8,235,522                              -                           -                          -                           -              17,588,354                         956                   124,422
   Express One                              -                              -                              -                           -               566,202               616,064                1,182,266                           52                       4,048
   Federal Express         2,711,139,835         2,544,794,467            136,286,454        176,417,288                          -                           -         5,568,638,044                    92,858              12,866,250
   Kalitta Air                     41,520                              -                              -                           -                          -                           -                     41,520                             2                          585
   Kitty Hawk                   769,985                   767,552                              -                           -                          -                           -                1,537,537                         302                     23,465
   Mountain Air                9,374,227                8,082,645                              -                           -                          -                           -              17,456,872                      3,294                     67,792
   Reliant Airlines                   296,396                     49,383                       8,834                           -                          -                           -                   354,613                         472                       6,774
   Rhoades Aviation                              -                              -                              -                           -            1,316,727            1,672,870                2,989,597                         398                       9,527
   United Parcel  Service              26,574,334              17,222,176                   616,626                   8,905                          -                           -              44,422,041                      2,350                   257,391
   U. S. Check                   212,611                   339,965                              -                           -                          -                           -                   552,576                      3,778                     16,110
   TOTAL CARGO AIRLINES         2,788,199,383         2,604,219,631            136,911,914        176,426,193            1,882,929            2,288,934         5,709,928,984                  111,464              13,577,643
 NON-SCHEDULED LANDINGS                     37,640                     45,946                             -                           -                          -                           -                     83,586                      1,778                     62,042
 YEAR TO DATE TOTALS         2,793,873,478         2,611,001,750            144,252,781        186,138,035          36,865,535          30,615,140         5,802,746,719                  327,456              22,249,740
 JANUARY-DECEMBER 2001         2,559,543,268         2,503,140,400            146,801,263        198,603,851          42,175,985          38,151,914         5,488,416,681                  320,258              20,792,022
 January-December 2000 9.2% 4.3% -1.7% -6.3% -12.6% -19.8% 5.7% 2.3% 7.0%
 2001 TO 2000