Delta Air Lines increases 2.32% on low volume

BONDS

Delta Air Lines (DAL.QS.N) increased US$2.25 (or 2.32%) to close at US$99.25. The yield to maturity has decreased by 66.0 basis points from 8.87% to 8.21%.

ISSUE DETAILS

TECHNICAL ANALYSIS

Uptrend

Support: the support price is hovering at the US$94.0 level. In the last month the lowest price was US$94.0 on Jul 12. The second lowest was US$94.0 on Aug 22, the third lowest was US$94.50 on Jul 08, the 4th at US$94.75 on Jul 26 and the 5th at US$95.0 on Jul 14.

DAL.QS 1-day 1-month 3-months Price Change % 2.32 -2.7 -0.63 Yield to maturity % change -7.44 10.2 2.24 Spread to Treasuries % 7.82 7.12 7.28 Issuer Delta Air Lines Amount Outstanding $65US.9 million Coupon 8.0% Coupon Frequency Monthly Maturity Date January 12, 2015 CUSIP 247361YY8 Callable Yes

PRICE DYNAMICS

Volatility: the bond traded between an intraday low of US$98.0 and four-day high of US$99.375, suggesting a trading opportunity between peaks and troughs.

Relativities: in the global market of 5,354 bonds traded today, the bond has a 6-month relative strength of 39 which means it has underperformed 61.0% of the market.

KEY STATISTICS

Maturity Yield to maturity % Yrs to Maturity % Rise/Fall 1-mo Jan to Mar 2015 8.21 3.27 to 3.45 -2.7

DEBT AND COVERAGE RATIOS

EBIT/Interest: the ebit to interest ratio is 1.6

INVESTOR RETURNS

Trailing one week: the bond was untraded three times (60% of the time) and rose twice (40% of the time).

Trailing one month: the bond was untraded thirteen times (59% of the time), fell five times (23% of the time) and rose four times (18% of the time). The value of US$1,000 invested a month ago is US$973, for a capital loss of US$27(or loss of 2.7%).

The present value of US$1000 invested at a previous date is shown below:

$1000 1-month DAL.QS 973

DESCRIPTION

Delta Air Lines, Inc. (Delta) is an airline that provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company's global route network is centered around the hub system it operate at airports in Atlanta, Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York-JFK, Salt Lake City, Amsterdam and Tokyo-Narita. Each of these hub operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub to domestic and international cities and to other hubs. Delta also has codeshare arrangements with Aeromexico, Air France, Alitalia, China Airlines, China Southern, CSA Czech Airlines, KLM Royal Dutch Airlines, Korean Air and Royal Air Maroc (and some affiliated carriers operating in conjunction with these airlines). On October 29, 2008, a subsidiary of Delta merged with Northwest Airlines Corporation (Northwest).

BUSINESS NEWS ROUND UP

The last 5 snippets are:

July 19: Delta Hits Key Milestones in $1.2 Billion JFK Construction Project

[News Story] NEW YORK, July 19, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) is on schedule with the $1.2 billion expansion of Terminal 4 at John F. KennedyInternational Airport where the structural steel frame of the Concourse B extension is now visible.

To view the multimedia assets associated with this release, please click: http://multivu. prnewswire. com/mnr/delta/47825/

(Photo: http://photos. prnewswire. com/prnh/20110719/MM35134 )

(Logo: http://photos. prnewswire. com/prnh/20090202/DELTALOGO )

Ahead of the 2013 opening, customers can take a virtual tour of the expanded terminal through a new animated video available on the Delta Air Lines YouTube channel.

June 29: Delta Sky Clubs Add Tequila Avion to Cocktail Offerings

[News Story] ATLANTA, June 29, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) is adding World Spirits Competition winner Tequila Avion to its cocktail offerings in the award-winning Delta Sky Clubs, offering another benefit to Delta customers.

(Logo: http://photos. prnewswire. com/prnh/20090202/DELTALOGO )

"Adding a stylish and delicious new spirit like Tequila Avion to the Delta Sky Club cocktail menu is just the latest step in a long list of enhancements we've been making to the premium customer experience," said Wayne Aaron, Delta's vice president - Marketing Programs and Distribution Strategy.

June 21: Delta Welcomes China Eastern Into SkyTeam Alliance

[News Story] ATLANTA, June 21, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today welcomed China Eastern Airlines as an official member of the SkyTeam alliance, further strengthening the alliance's connections throughout China.

(Logo: http://photos. prnewswire. com/prnh/20090202/DELTALOGO )

"We're proud that China Eastern has chosen to align itself with Delta and our SkyTeam partners," said Charlie Pappas, vice president - Alliances.

May 20: Delta Volunteers Build Five Houses with Habitat for Humanity in China

[News Story] ATLANTA and SHANGHAI, May 20, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) and Habitat for Humanity will join forces May 23 - 25, to help build five Habitat houses in Pinghu, a municipality near Shanghai, as part of Delta's Force for Global Good program to effect positive local and global change.

(Logo: http://photos. prnewswire. com/prnh/20090202/DELTALOGO )

(Logo: http://photos. prnewswire. com/prnh/20050501/NYSU020LOGO )

More than 50 Delta employees will build houses in Pinghu, China, where many families are living in decades-old mud-brick homes without proper sanitation.

May 09: Delta Upgrades Food Choices in Time for Summer Travel

[News Story] ATLANTA, May 9, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) is adding new selections to the EATS food-for-sale menu, upgrading spirits offered and offering customers the opportunity to donate to the American Cancer Society with their onboard purchases.

(Logo: http://photos. prnewswire. com/prnh/20090202/DELTALOGO )

"We know our customers can't always fit mealtime into their busy travel schedules, so Delta makes it easier by offering a selection of quality food onboard," said Joanne Smith, Delta's senior vice president of In-Flight Service.

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