News Releases

 
New York Stock Exchange to Suspend Trading in Delta Air Lines, Inc. and Other Securities and Moves to Remove From the List
NEW YORK, October 7, 2005 – The New York Stock Exchange ("NYSE") announced today that it has determined that the common stock of Delta Air Lines, Inc. (the "company") – ticker symbol DAL – and its 8 1/8% Notes due July 1, 2039 – ticker symbol DNT – as well as certain other securities should be suspended prior to the opening of trading on Thursday, October 13, 2005 or such earlier date if there is a material adverse development. Application to the Securities and Exchange Commission to delist the issues is pending the completion of applicable procedures, as the company will not challenge this determination.

This action by the NYSE results from the fact that the company has now fallen below the NYSE’s continued listing minimum share price standard as the average closing price of its common stock is less than $1.00 over a consecutive 30 trading day period.   The company has acknowledged that it would not be possible to affirm an intent to cure this deficiency within the Exchange's prescribed timeframes.

In addition, the company announced on September 14, 2005 that it and certain of its U.S. subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

The other securities include the following repackaged issues: Lehman ABS Corporation Corporate Backed Trust Certificates, Series 2001-19, Class A-1 due December 15, 2029 – ticker symbol CDC – and the Lehman ABS Corporation Corporate Backed Trust Certificates, Series 2001-6, due December 15, 2029 – ticker symbol CYA.

                                                                                                      

Company contact:
Delta Air Lines, Inc.
Corporate Communications
404-715-2554
Investor Relations
404-715-6679



See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting

Contact: Robin Verhose
Phone: 212-656-2088
Email:  roverhose@nyse.com