1. CVG 2005 Restructuring Overview Largest one-time restructuring of CVG hub set in motion to return hub to profitability and “right-size” to local market Announced Sept. 6, 2005; Effective Dec. 1, 2005 –Reduced 26% of capacity or 157 daily flights –Reduced seats per departure by 27% –Reduced frequencies per market from an average of 4.6 to 3.7 –Goal to boost local traffic as percentage of seats filled from 36% to 48% in 2006 –Reduced 1,000 Delta and Comair CVG jobs via various bankruptcy employment programs

2. Overview of CVG Restructuring 2005 Why is Delta restructuring its CVG hub? Why are these actions being taken at this time? –This right-sizing comes after a comprehensive review, begun at the start of 2005, of Cincinnati’s role in the Delta network. –With the high price of fuel, weak pricing environment, interest payments on our debt and other factors we are stepping up our transformation plan. –The CVG hub is currently oversized relative to local traffic, and we are making scheduling changes to better match our service to local passenger demand and to optimize the balance of local and connecting traffic across our network. –Delta’s CVG hub has one of the highest percentages of connecting traffic: more than 65 percent. At most network airlines’ hubs the percentage of connecting traffic is closer to 50 percent. –While these changes will reduce mainline and Delta Connection carrier capacity by 26 percent – with a goal of boosting local traffic from 36 to nearly 50 percent – well in line with other Delta and competitor hubs.

3. % Dependence on Connecting Traffic (2005) Source: Delta research, 2005

4. O&D Comparisions (U.S. DOT Data – All Airlines) Source: US Department of Transportation

5. AirportPaxPax Rank NY397,090.001 LAX475,588.702 DC358,394.033 ORD256,998.254 SFO250,232.735 MIA345,365.046 LAS42,418.377 DFW238,414.008 ATL38,304.439 MCO37,730.9210 DEN36,217.0811 SEA34,266.8412 BOS32,244.3113 PHX26,581.8014 PHL24,218.9015 SAN23,578.6416 MSP23,117.2117 DTW20,798.6118 IAH19,405.7219 TPA19,156.2320 HNL17,709.9421 PDX16,906.4322 STL14,683.3123 SLC14,317.5424 MCI13,051.7225 AirportPaxPax Rank CLT13,022.2226 SMF12,075.0027 RDU11,961.6628 SJC11,123.9129 AUS10,845.5130 PIT10,564.8831 BNA10,375.8632 SAT10,016.2233 IND9,711.7234 CLE9,706.3035 MSY9,453.1236 SJU9,143.1237 MKE8,888.8638 HOU8,668.4439 CMH8,469.4840 BUF7,986.0041 ABQ7,744.0042 JAX7,461.0543 BDL7,025.5244 CVG6,832.8145 RSW6,738.5646 ANC6,294.3347 PVD6,209.8348 OGG6,162.4249 OMA5,648.4050 MEM5,483.1651 Top U.S. O&Ds (3Q09) Source: US Department of Transportation