DELTA AIR LINES, INC. — Director's Dealing 2007

Jun 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DAL)
CIK: 0000027904
Period of Report: 2007-06-25

Reporting Person: GOELTZ RICHARD KARL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-25	Common Stock, par value $0.0001 per share	A	2113	—	Acquired	4613	Direct

Footnotes

F1: As previously described in Exhibit 99.1 to a Current Report on Form 8-K, which was furnished by Delta Air Lines, Inc. ("Delta") to the SEC on March 22, 2007, non-employee members of Delta's Board of Directors receive an annual restricted stock award with a $40,000 value. The shares reported in this Form 4 represent the annual restricted stock grant to the Reporting Person, as approved by the Board of Directors on June 25, 2007. The number of shares was determined by dividing $40,000 by the average closing price of Delta's common stock on the New York Stock Exchange for the ten consecutive trading days immediately prior to June 25, 2007, and rounding down to the nearest number of whole shares. The shares were acquired in a transaction exempt under Rule 16b-3(d).