Delta President and CFO Provides Update On Response to Record Fuel Prices, Ongoing Steps to Build Industry-Leading Global Airline

 Delta adds to previously announced capacity changes, now expects
  to reduce domestic capacity 13 percent in second half of 2008;
              international growth remains on track

Company guides to profitable June quarter, excluding special items

Delta Air Lines (NYSE:DAL) President and Chief Financial Officer Edward H. Bastian provided updated guidance on the company's efforts to fight rising fuel costs and its long-term approach to building a sustainable, profitable business model. Proactive initiatives focus on:

 * Improving profitability through continued domestic capacity
   rationalization and building a diverse international network
   which includes service to unique and emerging markets. Delta
   consolidated domestic capacity is now expected to be down 13
   percent during the second half of the year, an increase from
   the 10 percent reduction announced in March; international
   capacity expected to be up 14 percent for the same period.
 * Maintaining a strong liquidity position, despite the $4 billion
   impact in 2008 of unprecedented fuel prices.
 * Completing the proposed merger with Northwest Airlines to build a
   strong global competitor with increased cost and revenue
   synergies.

``Delta has been a first-mover to aggressively respond to the challenges facing our industry with domestic capacity cuts, associated cost reductions, and a focus on preserving liquidity,'' Bastian said. ``These actions combined with our game-changing merger with Northwest are positioning Delta for long-term success as a strong competitor against any airline around the globe.''

Expecting profitable June quarter, excluding special items; maintains strong liquidity position

Delta expects a profitable June quarter excluding special items(1), and expectations remain in line with previous guidance. Despite a $4 billion increase in fuel costs in 2008, the airline's liquidity remains strong thanks to a solid operating cash flow, controlled capital expenditures and aggressive fuel hedge program. The airline expects to end 2008 with $3.2 billion in unrestricted liquidity, down just $600 million from Dec. 31, 2007.

Delta's aggressive, multiyear fuel hedge strategy is expected to offset nearly $1 billion in fuel cost impact for 2008 and continue to provide benefits in subsequent years. The airline's hedge portfolio through 2010 is currently valued at approximately $1.5 billion.

Delta Air Lines operates service to more worldwide destinations than any airline with Delta and Delta Connection flights to 324 destinations in 62 countries. Delta has added more international capacity than any major U.S. airline during the last two years and is the leader across the Atlantic with flights to 43 trans-Atlantic markets. To Latin America and the Caribbean, Delta offers 600 weekly flights to 62 destinations. Delta's marketing alliances also allow customers to earn and redeem SkyMiles on more than 16,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Including its SkyTeam and worldwide codeshare partners, Delta offers flights to 474 worldwide destinations in 104 countries.

For more information, visit www.delta.com.