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):   August 30, 2006

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 2.02Results of Operations and Financial Condition.

Delta Air Lines, Inc. today issued a press release reporting financial results for the month ended July 31, 2006. The press release is furnished as Exhibit 99.1. The information furnished in this Form 8-K shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission.

Item 9.01Financial Statements and Exhibits.

(c)  Exhibits.

Exhibit 99.1 Press Release dated August 30, 2006 titled “Delta Air Lines Reports Monthly Results for July 2006”

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/ Edward H. Bastian
Date: August 30 , 2006	Edward H. Bastian Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
Exhibit 99.1	Press Release dated August 30, 2006 titled “Delta Air Lines Reports Monthly Results for July 2006”

EX-99.1

Exhibit 99.1

FOR IMMEDIATE DISTRIBUTION

CONTACT: Investor Relations 404-715-6679   Corporate Communications 404-715-2554

Delta Air Lines Reports Monthly Results for July 2006

ATLANTA, August 30, 2006 - Delta Air Lines (Other OTC: DALRQ) today filed its Monthly Operating Report for July 2006 with the U.S. Bankruptcy Court for the Southern District of New York. Key points include:

·   Delta’s July 2006 net income was $69 million.

·   July 2006 net income excluding reorganization items was $99 million.

·   As of July 31, 2006, Delta had $3.0 billion of unrestricted cash, cash equivalents and short-term investments.

Delta reported net income of $69 million in the month of July 2006, compared to a net loss of $41 million in July 2005. Delta’s net income excluding reorganization items was $99 million for July 2006, a $140 million improvement versus the net loss in the prior year period. As of July 31, 2006, Delta had $4.0 billion of cash, cash equivalents and short-term investments, of which $3.0 billion was unrestricted.

Restructuring Progress

In September 2005, Delta announced a comprehensive restructuring plan intended to deliver an additional $3 billion in annual financial benefits through revenue improvements and cost reductions by the end of 2007. During the month of July, Delta continued its restructuring progress by:

·   Reducing operating costs to achieve a mainline non-fuel CASM ⁽¹⁾ of 6.60 cents for the month, a 6.4 percent reduction year over year.

·   Improving consolidated passenger unit revenue to 11.44 cents, a 13.2 percent improvement compared to July 2005.

“July’s results reflect the continued momentum of our restructuring,” said Edward H. Bastian, Delta’s executive vice president and chief financial officer. “The hard work and sacrifice of the Delta people are making a tangible difference, resulting in more than a billion dollar improvement in our operating performance year to date. In the coming months, the challenge will be to sustain this momentum as we move into a traditionally slower season for our industry.”

About Delta

Delta Air Lines (Other OTC: DALRQ) offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service to 295 destinations in 46 countries. With

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more than 50 new international routes added in the last year, Delta is America’s fastest growing international airline and is the world’s leading carrier between the United States and destinations across Europe, India and Israel with flights to 29 trans-Atlantic destinations. To Latin America, Delta offers nearly 500 weekly flights to 47 destinations. Delta's marketing alliances also allow customers to earn and redeem SkyMiles on more than 14,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Including its SkyTeam and worldwide codeshare partners, Delta offers flights to 470 worldwide destinations in 96 countries. Customers can check in for flights, print boarding passes and check flight status at delta.com.

Endnotes

(1) Included is a reconciliation of Delta’s mainline CASM including and excluding fuel expense. Delta presents mainline CASM excluding fuel expense because management believes high fuel prices mask the progress that Delta achieved toward its business plan targets.

Statements in this news release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be “forward-looking statements” as defined in 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 estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements.  These risks and uncertainties include, but are not limited to, the actions and decisions of our creditors and other third parties with interests in our Chapter 11 proceedings; our ability to obtain court approval with respect to motions in the Chapter 11 proceedings prosecuted from time to time; our ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceedings and to consummate all of the transactions contemplated by one or more such plans of reorganization or upon which consummation of such plans may be conditioned; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for us to propose and confirm one or more plans of reorganization, to appoint a Chapter 11 trustee or to convert the cases to Chapter 7 cases; our ability to obtain and maintain normal terms with vendors and service providers; our ability to maintain contracts that are critical to our operations; our ability to maintain adequate liquidity to fund and execute our business plan during the Chapter 11 proceedings and in the context of a plan of reorganization and thereafter; our ability to comply with financial covenants in our financing agreements; labor issues, including possible strikes or job actions by unionized employees; our ability to implement our business plan successfully; the cost of aircraft fuel; our ability to terminate our defined benefit pension plan for pilots; funding obligations with respect to our defined benefit pension plan for non-pilots; interruptions or disruptions in service at one of our hub airports; our increasing dependence on technology in our operations; our ability to retain

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management and key employees; restructurings by competitors; accidents involving our aircraft; the effects of terrorist attacks; and competitive conditions in the airline industry.

Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in Delta’s Securities and Exchange Commission filings, including its Form 10-K filed on March 27, 2006 and its Form 10-Q, filed on August 9, 2006.

The risks and uncertainties and the terms of any reorganization plan ultimately confirmed can affect the value of our various pre-petition liabilities, common stock and/or other securities.  No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these liabilities or securities.

We believe that our currently outstanding common stock will have no value and will be canceled under any plan of reorganization we propose, and that the value of our various pre-petition liabilities and other securities is highly speculative.  Accordingly, we urge that caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.  Investors and other interested parties can obtain information about Delta’s Chapter 11 filing on the Internet at delta.com/restructure. Court filings and claims information are available at deltadocket.com.  Caution should be taken not to place undue reliance on Delta’s forward-looking statements, which represent Delta’s views only as of August 30, 2006, and which Delta has no current intention to update.

Note 1: The following tables show reconciliation of certain financial measures adjusted for the items shown below.

	For the			For the
	Month Ended			Month Ended
	July 31, 2006			July 31, 2005
(in millions)
Net income (loss)	$	69		$	(41	)
Items excluded:
Reorganization items, net		(30	)		-
Net income excluding reorganization items	$	99		$	(41	)
(in cents)
Mainline CASM	$	9.90		$	9.80
Items excluded:
Fuel expense		3.30			2.75
Mainline CASM excluding fuel expense	$	6.60		$	7.05

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