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Delta Reports Financial and Operating Performance for September 2012

Direct News Source

02-Oct-2012 Delta Air Lines (NYSE: DAL) today reported financial and operating performance for September 2012.

Delta continued to have solid revenue performance, with September month unit revenues up 0.5% year-over-year against a very strong performance in September 2011. This result is lower than previous guidance due to slightly lower walk-up traffic as well as incremental capacity due to strong completion factors and charter flying. Forward bookings remain solid for the fourth quarter; based on current demand trends, Delta expects a year over year improvement for October 2012 unit revenues in the low single digits.

For September, Delta's system traffic fell 1.1 percent on 0.6 percent lower capacity, which resulted in a 0.4 point decline in load factor.

Delta's adjusted fuel price per gallon was $3.09 for the month, bringing the September quarter fuel price per gallon to $3.15.

Delta continued to have exceptional operational performance in September, with a 99.8 percent completion factor and an on-time performance rate of 89.4 percent.

The company's financial and operational performance is detailed below. Additional guidance on Delta's September quarter 2012 financial performance can be found on the company's investor update, furnished as an exhibit to a Form 8-K filed today.

Preliminary Financial and Operational Results

September 2012

Consolidated PRASM change year over year

0.5%

Consolidated average fuel price, adjusted

$3.09

On-time performance (preliminary DOT A14)

89.4%

Mainline completion factor

99.8%

Note: Fuel price includes taxes, transportation, settled hedges, and hedge premiums, but excludes mark to market adjustments on open hedges.

Delta Air Lines serves more than 160 million customers each year. During the past year, Delta was named domestic "Airline of the Year" by the readers of Travel Weekly magazine, was named the "Top Tech-Friendly U.S. Airline" by PCWorld magazine for its innovation in technology, won the Business Travel News Annual Airline Survey and was the recipient of 12 Executive Travel Magazine Leading Edge Awards for U.S. airlines. With an industry-leading global network, Delta and the Delta Connection carriers offer service to nearly 320 destinations in 60 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. A founding member of the SkyTeam global alliance, Delta participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia. Including its worldwide alliance partners, Delta offers customers more than 13,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The airline's service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Delta is investing more than $3 billion through 2013 in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Customers can check in for flights, print boarding passes, check bags and review flight status at delta.com.