MEMPHIS INTERNATIONAL AIRPORT
FOR YEAR ENDED DECEMBER 31, 2003
 CARGO HANDLED  TOTAL
         CARGO  LANDED
 DOMESTIC FREIGHT  INTERNATIONAL FREIGHT  AIR MAIL  HANDLED  MOVEMENTS  WEIGHT
   Enplaned  Deplaned  Enplaned  Deplaned  Enplaned  Deplaned  (lbs)    (1,000 lbs)
MAJOR
  Air Tran Airways                               -                                -                           -                           -            19,555            56,521                     76,076                2,884             148,133
  American                       2,791                     80,230                           -                           -          152,836          293,115                   528,972                2,586             126,485
  Continental Airlines                               -                                -                           -                           -                       -                       -                                -                   634                34,870
  Delta                  942,703               3,599,112                33,617           1,560,774          991,295       1,126,025               8,253,526                5,458             363,447
  KLM (6 mos. only)                               -                                -           2,146,001           4,346,712                       -                       -               6,492,713                   310                49,739
  Northwest               5,385,589               6,660,883                           -                           -       8,288,626       7,370,190             27,705,288             72,140          4,359,939
  US Airways (3 mos. only)                    16,928                     24,108                           -                           -            11,351            17,883                     70,270                   238                13,601
  TOTAL MAJOR               6,348,011             10,364,333           2,179,618           5,907,486       9,463,663       8,863,734             43,126,845             84,250          5,096,214
REGIONAL/COMMUTER   
  Air Wisconsin dba AirTran (6 mos. only)                               -                                -                           -                           -                       -                       -                                -                   324                  7,614
  Air Wisconsin dba United Express (9 mos. only)                          311                       1,639                           -                           -               1,673            11,837                     15,460                   828                19,458
  American Eagle                                                977                       1,704                           -                           -               5,567                  184                       8,432                3,946                82,637
  Atlantic Coast dba Delta Connection                               -                                -                           -                           -                       -                       -                                -                1,062                16,846
  Atlantic Coast dba United Express                               -                                -                           -                           -                       -                       -                                -                2,654                62,369
  Atlantic Southeast dba Delta Connection                               -                                -                           -                           -                       -                       -                                -                1,166                27,401
  ComAir dba Delta Connection                    24,671                     57,307                           -                           -                       -                       -                     81,978                3,220                75,670
  Continental Express                               -                                -                           -                           -                       -                       -                                -                5,442             112,592
  Freedom Airlines dba America West Express (9 mos. only)                               -                          124                           -                           -               5,884                  676                       6,684                1,058                35,482
  Mesa Airlines dba US Airways Express                    81,113                     89,081                           -                           -          113,237          110,622                   394,053                4,576                94,787
  Mesaba Airlines dba Northwest Airlink/Northwest                               -                          668                           -                           -                       -                      1                          669             50,714             972,926
  Pinnacle Airlines dba Northwest Airlink                  858,670               1,879,740                           -                           -                       -                       -               2,738,410             50,158          1,178,713
  Skywest Airlines dba Delta Connection                       4,836                       2,426                           -                           -                       -                  296                       7,558                1,900                44,650
  Skywest Airlines dba United Express                               -                                -                           -                           -                       -                       -                                -                1,498                35,203
  Trans States Airlines dba American Connection                               -                                -                           -                           -                       -                       -                                -                3,734                43,525
  TOTAL REGIONAL/COMMUTER                  970,578               2,032,689                           -                           -          126,361          123,616               3,253,244           132,280          2,809,872
CARGO AIRLINES
  ABX Air               9,504,973               9,552,478                           -                           -                       -                       -             19,057,451                1,400                70,884
  Air Transport International             12,433,399             11,550,039                           -                           -                       -                       -             23,983,438                   830                69,377
  Bankair, Inc.                    30,537                     25,425                           -                           -                       -                       -                     55,962                1,182                  5,569
  Baron Aviation               4,392,601               1,971,548                           -                           -                       -                       -               6,364,149                2,446                10,396
  DHL               1,698,945               1,194,414                           -                           -                       -                       -               2,893,359                   506                13,156
  Emery Worldwide               6,273,157               5,847,348                           -                           -                       -                       -             12,120,505                1,030             110,831
* Federal Express       3,647,729,089        3,285,373,697      150,304,852       209,488,610                       -                       -        7,292,896,248           117,100        16,768,178
  Kalitta Air (1 mo. only)                               -                                -                           -                           -       3,926,666       4,159,614               8,086,280                     96                30,015
  Mountain Air             10,732,638               6,718,746                           -                           -                       -                       -             17,451,384                2,530                53,130
  Phoenix Air Group (1 mo. only)                               -                     55,726                           -                           -                       -                       -                     55,726                     26                     446
  United Parcel  Service             28,765,085             17,543,019                           -                           -                       -                       -             46,308,104                1,990             225,364
  U. S. Check                  166,575                   266,365                           -                           -                       -                       -                   432,940                2,948                15,326
  TOTAL CARGO AIRLINES       3,721,726,999        3,340,098,805      150,304,852       209,488,610       3,926,666       4,159,614        7,429,705,546           132,084        17,372,670
NON-SCHEDULED LANDINGS
  Casino Express                               -                                -                           -                           -                       -                       -                                -                   612                32,368
  Champion Air (6 mos. only)                               -                                -                           -                           -                       -                       -                                -                     28                  2,241
  L.B. Limited dba Laker Air (5 mos. only)                               -                                -                           -                           -                       -                       -                                -                     74                  6,068
  Miami Air International (8 mos. only)                               -                                -                           -                           -                       -                       -                                -                     34                  2,542
  Mid South Aviation Alliance                               -                                -                           -                           -                       -                       -                                -                     58                     343
  Pace Airlines                               -                                -                           -                           -                       -                       -                                -                   172                  9,804
  Palm Air                               -                                -                           -                           -                       -                       -                                -                   580                  4,478
  Phoenix Air Group (2 mos. only)                               -                                -                           -                           -                       -                       -                                -                       4                       50
  TOTAL NON-SCHEDULED                               -                                -                           -                           -                       -                       -                                -                1,562                57,894
YEAR TO DATE TOTALS
JANUARY-DECEMBER 2003       3,729,045,588        3,352,495,827      152,484,470       215,396,096     13,516,690     13,146,964        7,476,085,635           350,176        25,336,650
JANUARY-DECEMBER 2002       3,787,220,953        3,298,002,219      142,064,661       215,964,023     17,703,013     15,757,301        7,476,712,170           339,102        25,481,105
     2003  TO  2002 -1.54% 1.65% 7.33% -0.26% -23.65% -16.57% -0.01% 3.27% -0.57%
* Federal Express cargo figures include mail, which is transported under an agreement with the United States Postal Service.