8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 6, 2012

DELTA AIR LINES, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-05424	58-0218548
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P.O. Box 20706, Atlanta, Georgia  30320-6001

(Address of principal executive offices)

Registrant’s telephone number, including area code:  (404) 715-2600

Registrant’s Web site address:    www.delta.com

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01       Other Events.

Delta Air Lines, Inc. today issued a press release reporting January 2012 traffic results.  The press release is attached as Exhibit 99.1.

Item 9.01       Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit 99.1 Press Release dated February 6, 2012 titled “Delta Air Lines Reports January Traffic”

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SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DELTA AIR LINES, INC.
	By:  /s/ Hank Halter
Date:  February 6, 2012	Hank Halter Senior Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit Number	Description
Exhibit 99.1	Press Release dated February 6, 2012 titled “Delta Air Lines Reports January Traffic”

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE DISTRIBUTION

CONTACT: Corporate Communications 404-715-2554, media@delta.com Investor Relations 404-715-2170

Delta Reports January Operational and Financial Performance

ATLANTA, Feb.6, 2012 – Delta Air Lines (NYSE: DAL) today reported strong revenue and operations for January 2012.

For January 2012, consolidated passenger unit revenue (PRASM) increased 14.5 percent compared to the prior year period, as the company’s capacity discipline and revenue momentum contributed to a strong increase in yields.  All regions generated double-digit unit revenue gains, with the strongest performance in the domestic and transatlantic regions.  For the month, system load factor increased 2.3 points to 77.5 percent.

Delta employees delivered excellent operational performance for their customers.  The company’s preliminary DOT on-time arrival rate of 86.4% was 11.8 points higher year-over-year and its mainline completion factor increased 5.2 points to 99.4%.

The company’s financial and operational performance is detailed below.

Preliminary Financial and Operational Results – January 2012
Consolidated PRASM change year over year	14.5%
Consolidated average fuel price	$3.17
On-time performance (preliminary DOT A14)	86.4%
Mainline completion factor	99.4%

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. Delta was named by Fortune magazine as the most admired airline worldwide in its 2011 World's Most Admired Companies airline industry list, and was named the “Top Tech-Friendly U.S. Airline” by PCWorld magazine for its innovation in technology. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 342 destinations in 61 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-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 $2 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.

Delta Air Lines

Monthly Traffic Results (a)

			January 2012	January 2011	Change
RPMs (000):
	Domestic		8,143,393	8,165,780	(0.3%)
		Delta Mainline	6,439,290	6,425,743	0.2%
		Regional	1,704,103	1,740,037	(2.1%)
	International		5,766,543	5,956,069	(3.2%)
		Latin America	1,175,955	1,200,825	(2.1%)
		Delta Mainline	1,162,293	1,184,834	(1.9%)
		Regional	13,662	15,991	(14.6%)
		Atlantic	2,612,367	2,727,300	(4.2%)
		Pacific	1,978,221	2,027,944	(2.5%)
	Total System		13,909,936	14,121,849	(1.5%)
ASMs (000):
	Domestic		10,537,587	10,905,637	(3.4%)
		Delta Mainline	8,128,156	8,414,210	(3.4%)
		Regional	2,409,431	2,491,427	(3.3%)
	International		7,415,547	7,861,185	(5.7%)
		Latin America	1,458,863	1,530,087	(4.7%)
		Delta Mainline	1,436,874	1,504,787	(4.5%)
		Regional	21,989	25,300	(13.1%)
		Atlantic	3,523,013	3,900,689	(9.7%)
		Pacific	2,433,671	2,430,409	0.1%
	Total System		17,953,134	18,766,822	(4.3%)
Load Factor:
	Domestic		77.3%	74.9%	2.4	pts
		Delta Mainline	79.2%	76.4%	2.8	pts
		Regional	70.7%	69.8%	0.9	pts
	International		77.8%	75.8%	2.0	pts
		Latin America	80.6%	78.5%	2.1	pts
		Delta Mainline	80.9%	78.7%	2.2	pts
		Regional	62.1%	63.2%	(1.1)	pts
		Atlantic	74.2%	69.9%	4.3	pts
		Pacific	81.3%	83.4%	(2.1)	pts
	Total System		77.5%	75.2%	2.3	pts
Passengers Boarded			11,642,608	11,573,053	0.6%
Mainline Completion Factor			99.4%	94.2%	5.2	pts
Cargo Ton Miles (000):			174,193	182,828	(4.7%)

Endnote:

a Results include flights operated under contract carrier arrangements.

Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

January 2012

Delta sometimes uses information that is derived from its Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Certain of this information are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules.  The non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.

·       Delta adjusts for mark to market (“MTM”) adjustments for fuel hedges recorded in periods other than the settlement period in order to evaluate the company’s financial results in the period shown.

	January 2012 (preliminary)
Average price per fuel gallon including fuel expense incurred under contract carrier arrangements	$2.79
MTM adjustments for fuel hedges recorded in periods other than the settlement period	0.38
Average price per fuel gallon adjusted for MTM adjustments for fuel hedges recorded in periods other than the settlement period	$3.17