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         DELTA ANNOUNCES SUCCESSFUL COMPLETION OF EMPLOYEE STOCK OPTION
                                EXCHANGE PROGRAM

                     Majority of eligible options canceled

ATLANTA, June 30, 2003 -- Delta Air Lines, Inc. (NYSE:DAL) today announced the
successful completion of its employee stock option exchange program, which
expired at 7 p.m. Eastern Time on Wednesday, June 25, 2003.

     Delta canceled options to purchase approximately 31.6 million shares of
its common stock and will issue new options to purchase approximately 12.1
million shares of its common stock in exchange. Approximately 80 percent of the
eligible options were exchanged under the program. Under the terms of the
offer, Delta expects to grant replacement options on Dec. 26, 2003, the first
business day that is at least six months and one day from the expiration of the
offer.

     Delta Air Lines, the world's second largest airline in terms of
passengers carried and the leading U.S. carrier across the Atlantic, offers
5,734 flights each day to 444 destinations in 79 countries on Delta, Song,
Delta Express, Delta Shuttle, Delta Connection and Delta's worldwide partners.
Delta is a founding member of SkyTeam, a global airline alliance that provides
customers with extensive worldwide destinations, flights and services. For more
information, please go to delta.com.

     Statements in this news release, which are not historical facts, including
statements regarding Delta's beliefs, expectations, estimates, intentions or
strategies for the future, may be "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995. All forward-looking statements involve
a number of risks and uncertainties that could cause actual results to differ
materially from the plans, intentions, and expectations reflected in or
suggested by the forward-looking statements. Factors that could cause these
differences include, but are not limited to, the factors and risks discussed in
the Offer to Exchange included in the Tender Offer Statement on Schedule TO that
Delta filed on May 28, 2003 with the Securities and Exchange Commission. Delta
has no current intention to update its forward-looking statements.