SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Macenczak Lee A

(Last)

(First)

(Middle)

DELTA AIR LINES, INC., DEPT. 981

P.O. BOX 20574

(Street)

ATLANTA

30320

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/01/2004

3. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES INC /DE/ [ DAL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. VP & Chief HR Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	460	D
Common Stock	1,224	I	Savings Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	⁽¹⁾	10/23/2012	Common Stock	15,100	$10.53	D
Employee Stock Option (Right to Buy)	⁽²⁾	07/25/2007	Common Stock	4,334	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	07/23/2008	Common Stock	3,334	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	03/26/2009	Common Stock	3,534	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	12/24/2009	Common Stock	4,334	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	01/21/2010	Common Stock	2,700	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	01/26/2011	Common Stock	5,250	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	07/27/2011	Common Stock	4,550	$11.6	D
Employee Stock Option (Right to Buy)	⁽²⁾	07/25/2012	Common Stock	8,934	$11.6	D
Stock Appreciation Right	⁽³⁾	01/22/2009	Common Stock	29,600	$10.75	D
Series B ESOP Convertible Preferred Stock	07/10/1989	⁽⁴⁾	Common Stock	175	$41.97	I	Savings Plan

Explanation of Responses:

1. Options covering 50% of the shares became exercisable on October 24, 2003; options covering the balance of the shares will become exercisable on October 24, 2004.

2. Options covering 50% of the shares become exercisable on each of the first and second anniversaries of December 26, 2003.

3. Stock Appreciation Rights covering 50% of the shares became exercisable on January 23, 2004; the balance of the Stock Appreciation Rights will become exercisable on January 23, 2005.

4. Series B ESOP Convertible stock held under the Delta Family-Care Savings Plan. Each such share is convertible into 1.7155 shares of common stock, and has no expiration date.

Remarks:

	Nanci Oliver Sloan as attorney-in-fact for Lee A. Macenczak	06/10/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.