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Delta Reports 2007 Financial Results

Fuel prices cited in 4th quarter loss of $105 million

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Delta Airlines

ATLANTA, Jan. 23, 2008 – Delta Air Lines has reported results for the quarter and year ended Dec. 31, 2007.

Delta’s 2007 pre-tax income was $1.8 billion. Excluding reorganization related and certain items, pre-tax income was $625 million, a $1.1 billion improvement compared to 2006.

Due to a 26% rise in fuel price, Delta reported a pre-tax loss for the fourth quarter of $105 million.

Delta ended the year with $3.8 billion in unrestricted liquidity, including $1 billion available under its revolving credit facility.

Delta employees will receive $158 million in profit sharing in recognition of their critical role in achieving significant financial improvements in 2007.

Delta reported pre-tax income of $1.8 billion in 2007.

Excluding reorganization related and certain items, pre-tax income was $625 million, a $1.1 billion improvement compared to 2006.

As a result of the unprecedented increase in jet fuel prices from $2.31 to as high as $2.77 per gallon, Delta reported a pre-tax loss for the quarter of $105 million, an $80 million improvement compared to the prior year period excluding reorganization items.

Delta’s net income for the year was $1.6 billion, or $418 million excluding reorganization related items. Delta reported a net loss of $70 million for the fourth quarter, or $0.18 per diluted share.

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