Delta Air Lines set to list on the New York Stock Exchange

Atlanta: Delta Air Lines has announced that it has filed an application to list on the New York Stock Exchange (NYSE) after emerging from bankruptcy. Subject to the approval of its listing application and the effectiveness of its Plan of Reorganization, Delta anticipates that shares of its newly issued common stock will begin trading on the NYSE in early May under the ticker symbol DAL.

"The planned listing of Delta's new stock on the New York Stock Exchange is another significant milestone on our path toward emergence from bankruptcy as a strong, healthy competitor and an industry leader," said Edward H. Bastian, Delta's executive vice president and chief financial officer.

"This action marks a return to our roots even as we look to new opportunities. By using the company's historic ticker symbol 'DAL' on the exchange where Delta originally listed its stock 50 years ago, we are paying tribute to our proud history, and our tradition of outstanding service and always putting people first, as we begin a new chapter focused on positioning Delta as a global leader in a rapidly changing airline industry."

"Delta Air Lines is one of the great institutions in American corporate history, with a longstanding reputation for customer service and a strong commitment to using the latest technological innovations to enhance their brand and the quality of their product offering," said John A Thain, chief executive officer, NYSE Group, Inc.

Delta's Plan of Reorganization provides for certain creditors to receive distributions of newly issued common stock upon the company's emergence from bankruptcy. Holders of Delta's existing common stock (the "old equity") will not receive any distributions under Delta's proposed plan.

The old equity, which was de-listed from the NYSE on October 13, 2005, is currently trading over the counter under the symbol DALRQ. The old equity will be cancelled upon the effectiveness of the proposed Plan of Reorganization, which the company believes will be shortly after the Bankruptcy Court's confirmation hearing scheduled on April 25, 2007.

Delta and Delta Connection carrier provide service to 308 destinations in 52 countries. With more than 60 new international routes added in the last year, Delta is America's fastest growing international airline and is a leader across the Atlantic with flights to 31 trans-Atlantic destinations.