MEMPHIS INTERNATIONAL AIRPORT
ANNUAL ACTIVITY REPORT
FOR YEAR ENDED DECEMBER 31, 2002
Larry D. Cox, President    
Bobby A. Martin, Vice President
Anthony W. Brown, Vice President
PASSENGERS
  DOMESTIC INTERNATIONAL TOTALS
  Enplaned Through Deplaned   Enplaned Through Deplaned  
MAJOR
  Air Tran Airways      100,643                    -      104,517                    -                    -                    -              205,160
  American        83,701                    -        87,996                    -                    -                    -              171,697
  Continental        13,564                    -        20,032                    -                    -                    -                33,596
  Delta      297,510                    -      294,851                    -                    -                    -              592,361
  KLM                                                            -                    -                    -        78,560                    -        73,062              151,622
  Northwest   3,068,644        46,647   3,094,856        65,846                    -        65,998           6,341,991
  US Airways        91,406                    -        94,574                    -                    -                    -              185,980
  TOTAL MAJOR   3,655,468        46,647   3,696,826      144,406                    -      139,060           7,682,407
REGIONAL/COMMUTER
  Air Wisconsin dba United Express (4 mos. only)           7,413                    -           7,524                    -                    -                    -                14,937
  American Eagle                              45,927                    -        41,711                    -                    -                    -                87,638
  Atlantic Coast dba Delta Connection (2 mos. only)           1,595                    -           1,271                    -                    -                    -                   2,866
  Atlantic Coast dba United Express        49,601                    -        49,691                    -                    -                    -                99,292
  Atlantic Southeast dba Delta Connection (9 mos. only)           7,265                    -           4,040                    -                    -                    -                11,305
  ComAir dba Delta Connection        48,924                    -        52,369                    -                    -                    -              101,293
  Continental Express        80,301                    -        76,547                    -                    -                    -              156,848
  Mesa Airlines dba US Airways Express        23,497                    -        21,235                    -                    -                    -                44,732
  Mesaba Airlines dba Northwest Airlink/Northwest      538,891                    -      551,164                    -                    -                    -           1,090,055
  Pinnacle Airlines dba Northwest Airlink      575,658                    -      582,320                    -                    -                    -           1,157,978
  Skywest Airlines dba Delta Connection        22,247                    -        24,398                    -                    -                    -                46,645
  Skywest Airlines dba United Express (9 mos. only)        22,461                    -        22,146                    -                    -                    -                44,607
  Trans States Airlines dba American Connection        31,025                    -        29,304                    -                    -                    -                60,329
  Trans States dba US Airways Express (10 mos. only)        18,015                    -        16,807                    -                    -                    -                34,822
  TOTAL REGIONAL/COMMUTER   1,472,820                    -   1,480,527                    -                    -                    -           2,953,347
NON-SCHEDULED
  Casino Express Airlines        22,688                    -        23,261                    -                    -                    -                45,949
  Champion Air (1 mo. only)              301                    -                70              484                    -              538                   1,393
  L.B. Limited dba Laker Air (6 mos. only)                    -                    -                    -           2,689                    -           2,864                   5,553
  Miami Air International (5 mos. only)           1,046                    -              877                    -                    -                    -                   1,923
  Mid South Aviation Alliance              276                    -              271                    -                    -                    -                      547
  Pace (11 mos. only)           1,773           3,738              117           3,406           4,183           5,607                18,824
  Palm Air              893                    -              777                    -                    -                    -                   1,670
  Phoenix Air Group (3 mos. only)              223                    -              223                    -                    -                    -                      446
  TOTAL NON-SCHEDULED        27,200           3,738        25,596           6,579           4,183           9,009                76,305
YEAR TO DATE TOTALS
JANUARY-DECEMBER 2002   5,155,488        50,385   5,202,949      150,985           4,183      148,069        10,712,059
JANUARY-DECEMBER 2001   5,466,791        88,618   5,518,706      134,481                    -      131,843        11,340,439
         2002  TO  2001 -5.7% -43.1% -5.7% 12.3% 100.0% 12.3% -5.5%