MEMPHIS INTERNATIONAL AIRPORT
ANNUAL ACTIVITY REPORT
FOR YEAR ENDED DECEMBER 31, 2003
Larry D. Cox, President     Bobby A. Martin, Vice President
Scott A Brockman, Vice President Anthony W. Brown, Vice President
   PASSENGERS            
 
   DOMESTIC  INTERNATIONAL
 Enplaned  Through  Deplaned  Enplaned  Through  Deplaned  TOTALS
MAJOR
  AirTran          111,228               -          113,576                       -               -                       -          224,804
  American            66,398               -            61,761                       -               -                       -          128,159
  Continental            15,728               -            23,154                       -               -                       -            38,882
  Delta          262,203               -          264,834                       -               -                       -          527,037
  KLM (6 mos. only)                       -               -                       -            30,562               -            24,740            55,302
  Northwest      2,759,700    51,933      2,911,029          137,623               -          136,148      5,996,433
  US Airways (3 mos. only)              5,569          139              5,492                       -               -                       -            11,200
  TOTAL MAJOR      3,220,826    52,072      3,379,846          168,185               -          160,888      6,981,817
REGIONAL/COMMUTER
  Air Wisconsin dba AirTran (6 mos. only)              7,177               -              6,755                       -               -                       -            13,932
  Air Wisconsin dba United Express (9 mos. only)            16,181               -            16,162                       -               -                       -            32,343
  American Eagle                                  50,487               -            54,612                       -               -                       -          105,099
  Atlantic Coast dba Delta Connection            10,196               -              8,617                       -               -                       -            18,813
  Atlantic Coast dba United Express            47,737               -            48,288                       -               -                       -            96,025
  Atlantic Southeast dba Delta Connection            11,610               -              6,253                       -               -                       -            17,863
  ComAir dba Delta Connection            45,529               -            53,022                       -               -                       -            98,551
  Continental Express            81,982               -            79,207                       -               -                       -          161,189
  Freedom Airlines dba America West Express (9 mos. only)            24,944               -            24,798                       -               -                       -            49,742
  Mesa Airlines dba US Airways Express            75,760               -            76,012                       -               -                       -          151,772
  Mesaba Airlines dba Northwest Airlink/Northwest          723,385               -          734,822                       -               -                       -      1,458,207
  Pinnacle Airlines dba Northwest Airlink          810,689               -          822,094                       -               -                       -      1,632,783
  Skywest Airlines dba Delta Connection            24,019               -            23,429                       -               -                       -            47,448
  Skywest Airlines dba United Express            31,308               -            30,612                       -               -                       -            61,920
  Trans States Airlines dba American Connection            24,897               -            23,486                       -               -                       -            48,383
  TOTAL REGIONAL/COMMUTER      1,985,901               -      2,008,169                       -               -                       -      3,994,070
NON-SCHEDULED
  Casino Express Airlines            18,641               -            15,965                       -               -                       -            34,606
  Champion Air (6 mos. only)                 473               -                 459                 427               -                 374              1,733
  L.B. Limited dba Laker Air (5 mos. only)                       -               -                       -              2,534               -              2,722              5,256
  Miami Air International (8 mos. only)              1,009               -              1,123                       -               -                       -              2,132
  Mid South Aviation Alliance                    84               -                    93                       -               -                       -                 177
  Pace Airlines                       -               -                       -              5,015      2,325              4,778            12,118
  Palm Air                 679               -                 599                    20               -                      3              1,301
  Phoenix Air Group (2 mos. only)                    31               -                    28                       -               -                       -                    59
  TOTAL NON-SCHEDULED            20,917               -            18,267              7,996      2,325              7,877            57,382
YEAR TO DATE TOTALS
JANUARY-DECEMBER 2003      5,227,644    52,072      5,406,282          176,181      2,325          168,765    11,033,269
JANUARY-DECEMBER 2002      5,155,488    50,385      5,202,949          150,985      4,183          148,069    10,712,059
         2003  TO  2002 1.40% 3.35% 3.91% 16.69% -44.42% 13.98% 3.00%