Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Jacobson Paul A
 2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2012		 3. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES INC /DE/ [DAL]
(Last)
(First)
(Middle)
C/O DELTA AIR LINES, INC., DEPT. 981, P.O. BOX 20574		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP & CFO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ATLANTA,, GA 30320		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 103,881 (1) (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) (2)   (3) 04/29/2017 Common Stock 40,100 $ 18.84 D  
Employee Stock Option (Right to Buy) (2)   (3) 04/02/2018 Common Stock 7,900 $ 8.81 D  
Employee Stock Option (Right to Buy) (2)   (3) 10/28/2018 Common Stock 193,000 $ 7.99 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jacobson Paul A
C/O DELTA AIR LINES, INC., DEPT. 981
P.O. BOX 20574
ATLANTA,, GA 30320		       Sr. VP & CFO  

Signatures

/s/ Jan M. Davidson as attorney-in-fact for Paul A. Jacobson 03/05/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The 103, 881 common shares reported include 50,135 shares of restricted common stock. Of those restricted shares, 14,095 were granted to the Reporting Person on February 3, 2011 and will vest on February 1, 2013. The remaining 36,040 restricted shares were granted to the Reporting Person on February 2, 2012 and will vest 50% on February 1, 2013 and 50% on February 1, 2014.
(2) The grant of the restricted stock and option awards were approved by the Personnel & Compensation Committee of Delta's Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
(3) All options are currently exercisable.

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