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): March 2, 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):

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

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

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

£ 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 February 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 March 2, 2012 titled “Delta Air Lines Reports February 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/ Paul A. Jacobson
Date:  March 2, 2012	Paul A. Jacobson Senior Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit Number	Description
Exhibit 99.1	Press Release dated March 2, 2012 titled “Delta Air Lines Reports February 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 February Operational and Financial Performance

ATLANTA, March 2, 2012 – Delta Air Lines (NYSE: DAL) today reported its operational and financial performance for February 2012.

February’s consolidated passenger unit revenue (PRASM) increased 13.0 percent compared to the prior year period, driven by a strong increase in Atlantic load factor and Pacific yields. The increase in capacity resulting from Delta’s 2.7 point improvement in completion factor due to exceptional weather and operating performance negatively impacted PRASM by one point from previous expectations.

Delta employees delivered excellent operational performance for our customers. The company’s preliminary DOT on-time arrival rate of 90.0 percent was 11.5 points higher year-over-year and its mainline completion factor increased 2.7 points to 99.7 percent.

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

Preliminary Financial and Operational Results – February 2012
Consolidated PRASM change year over year	13.0%
Consolidated average fuel price	$3.35
On-time performance (preliminary DOT A14)	90.0%
Mainline completion factor	99.7%

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 and won the Business Travel News Annual Airline Survey. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 343 destinations in 62 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 $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)
			February 2012	February 2011	Change
RPMs (000):
	Domestic		7,971,279	7,774,093	2.5%
		Delta Mainline	6,260,805	6,157,014	1.7%
		Regional	1,710,474	1,617,079	5.8%
	International		5,017,975	4,889,282	2.6%
		Latin America	1,092,134	1,065,910	2.5%
		Delta Mainline	1,081,317	1,051,962	2.8%
		Regional	10,816	13,948	(22.5%)
		Atlantic	2,182,293	2,116,965	3.1%
		Pacific	1,743,549	1,706,407	2.2%
	Total System		12,989,254	12,663,375	2.6%
ASMs (000):
	Domestic		10,022,968	10,081,154	(0.6%)
		Delta Mainline	7,709,119	7,824,466	(1.5%)
		Regional	2,313,849	2,256,688	2.5%
	International		6,872,872	7,107,748	(3.3%)
		Latin America	1,453,213	1,463,110	(0.7%)
		Delta Mainline	1,434,052	1,440,704	(0.5%)
		Regional	19,161	22,406	(14.5%)
		Atlantic	3,236,683	3,461,843	(6.5%)
		Pacific	2,182,976	2,182,795	0.0%
	Total System		16,895,840	17,188,902	(1.7%)
Load Factor:
	Domestic		79.5%	77.1%	2.4	pts
		Delta Mainline	81.2%	78.7%	2.5	pts
		Regional	73.9%	71.7%	2.2	pts
	International		73.0%	68.8%	4.2	pts
		Latin America	75.2%	72.9%	2.3	pts
		Delta Mainline	75.4%	73.0%	2.4	pts
		Regional	56.5%	62.3%	(5.8)	pts
		Atlantic	67.4%	61.2%	6.3	pts
		Pacific	79.9%	78.2%	1.7	pts
	Total System		76.9%	73.7%	3.2	pts
Mainline Completion			99.7%	97.0%	2.7	pts
Factor
Passengers Boarded			11,421,838	10,968,319	4.1%
Cargo Ton Miles (000):			185,397	186,490	(0.6%)
Endnote:
a Results are preliminary and include flights operated under contract carrier arrangements.

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Delta Air Lines
Year to Date Traffic Results (a)
			February 2012	February 2011	Change
RPMs (000):
	Domestic		16,114,672	15,939,873	1.1%
		Delta Mainline	12,700,095	12,582,757	0.9%
		Regional	3,414,577	3,357,116	1.7%
	International		10,784,518	10,845,351	(0.6%)
		Latin America	2,268,088	2,266,735	0.1%
		Delta Mainline	2,243,610	2,236,796	0.3%
		Regional	24,478	29,939	(18.2%)
		Atlantic	4,794,660	4,844,265	(1.0%)
		Pacific	3,721,770	3,734,351	(0.3%)
	Total System		26,899,190	26,785,224	0.4%
ASMs (000):
	Domestic		20,560,555	20,986,791	(2.0%)
		Delta Mainline	15,837,275	16,238,676	(2.5%)
		Regional	4,723,280	4,748,115	(0.5%)
	International		14,288,419	14,968,933	(4.5%)
		Latin America	2,912,076	2,993,197	(2.7%)
		Delta Mainline	2,870,926	2,945,491	(2.5%)
		Regional	41,150	47,706	(13.7%)
		Atlantic	6,759,696	7,362,532	(8.2%)
		Pacific	4,616,647	4,613,204	0.1%
	Total System		34,848,974	35,955,724	(3.1%)
Load Factor:
	Domestic		78.4%	76.0%	2.4	pts
		Delta Mainline	80.2%	77.5%	2.7	pts
		Regional	72.3%	70.7%	1.6	pts
	International		75.5%	72.5%	3.0	pts
		Latin America	77.9%	75.7%	2.2	pts
		Delta Mainline	78.1%	75.9%	2.2	pts
		Regional	59.5%	62.8%	(3.3)	pts
		Atlantic	70.9%	65.8%	5.1	pts
		Pacific	80.6%	80.9%	(0.3)	pts
	Total System		77.2%	74.5%	2.7	pts
Passengers Boarded			23,064,446	22,541,372	2.3%
Cargo Ton Miles (000):			359,590	369,319	(2.6%)
Endnote:
a Results are preliminary and include flights operated under contract carrier arrangements.

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Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

February 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.

	February 2012 (preliminary)
Average price per fuel gallon including fuel expense incurred under contract carrier arrangements	$3.12
MTM adjustments for fuel hedges recorded in periods other than the settlement period	0.23
Average price per fuel gallon adjusted for MTM adjustments for fuel hedges recorded in periods other than the settlement period	$3.35