New York, May 08, 2013 -- On 8 May 2013, Delta Air Lines, Inc. (B2, stable, "Delta") announced that its board of directors has approved the initiation of a quarterly dividend and a share repurchase program. Moody's regards the planned distribution of a portion of free cash flow to shareholders while balance sheet leverage remains elevated and there is the potential for slowing demand and weaker earnings and cash flow generation as negative for Delta's credit profile; however, our ratings are unaffected. For further information, please see www.moodys.com.

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