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Delta Air Lines reports June 2008 quarter financial results

Delta’s net income for the June 2008 quarter excluding special charges was $137 million, or $0.35 per diluted share, despite

a more than $1 billion year-over-year increase in fuel input costs related to higher prices.

Delta’s merger with Northwest Airlines is targeted to close during the fourth quarter of 2008. The company expects approximately $2 billion in annual merger-related synergies by 2012 with cash integration costs of approximately $600 million over three years.

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