Delta Air Lines Issues 21 Million Shares to Eligible Claimholders

Jul 30, 2007

ATLANTA, July 30, 2007 – Delta Air Lines (NYSE: DAL) today announced it began distribution of approximately 21 million shares of Delta common stock to holders of allowed general unsecured claims against the company and certain of its subsidiaries, as outlined in the Plan of Reorganization. Delta and its subsidiaries emerged from Chapter 11 protection on April 30, 2007 under the Plan of Reorganization.

Following its emergence from Chapter 11, Delta distributed approximately 247 million shares of Delta common stock according to the company’s Plan of Reorganization. This initial distribution included approximately 230 million shares issued to Delta creditors and approximately 3 million shares to Comair creditors. Delta non-management non-contract employees also received approximately 14 million shares pursuant to the Plan.

The current distribution of Delta common stock, for claims settled after the initial distribution, includes approximately 18 million shares for delivery to Delta unsecured creditors and approximately 3 million shares for delivery to Comair unsecured creditors. 

Once the current distribution is completed, Delta will have distributed approximately 268 million shares to holders of allowed and deemed general unsecured claims and non-management non-contract employees. Under the Plan, Delta will make a total distribution of 400 million shares.

With this distribution, holders of allowed general unsecured claims will have received common shares of the company to partially satisfy claims valued at approximately $11.4 billion. The company currently estimates its total unsecured claim exposure, including those that have been partially satisfied, to be approximately $15 billion (with approximately $13.95 billion in estimated Delta unsecured claims exposure and approximately $1.05 billion in estimated Comair unsecured claims exposure).  The company currently holds approximately 132 million shares of Delta common stock in reserve to satisfy the remaining disputed unsecured claims (with approximately 111 million shares held in reserve for Delta disputed unsecured claims and approximately 21 million shares held in reserve for Comair disputed unsecured claims).

Distributions of additional Delta common stock will take place on periodically as remaining claims disputes are resolved. To the extent that disputed claims become disallowed claims, shares of Delta common stock reserved for holders of those claims eventually will be distributed pro rata to holders of allowed general unsecured claims.

About Delta
Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service to 333 destinations in 57 countries.  With more than 60 new international routes introduced in the last year, Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic with flights to 36 trans-Atlantic destinations.  To Latin America and the Caribbean, Delta offers nearly 700 weekly flights to more than 60 destinations.  Delta's marketing alliances also allow customers to earn and redeem SkyMiles on nearly 15,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Including its SkyTeam and worldwide codeshare partners, Delta offers flights to 479 worldwide destinations in 105 countries. Customers can check in for flights, print boarding passes and check flight status at delta.com.

Statements in this news release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995.  All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements.  These risks and uncertainties include, but are not limited to, the actions and decisions of our creditors and other third parties with continuing interests arising in connection with our Chapter 11 proceedings; the cost of aircraft fuel; the impact that our indebtedness will have on our financial and operating activities and our ability to incur additional debt; the restrictions that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions or disruptions in service at one of our hub airports; our increasing dependence on technology in our operations; our ability to retain management and key employees; the effects of terrorist attacks; and competitive conditions in the airline industry.

Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in Delta’s Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2006.

Caution should be taken not to place undue reliance on Delta’s forward-looking statements, which represent Delta’s views only as of July 30, 2007, and which Delta has no current intention to update

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U.S. Job Openings Remain at 3.8 Million in May

There were 3.8 million job openings on the last business day of May, little changed from April. The hires rate (3.3 percent) and the separations rate (3.2 percent) also were little changed in May.

JOB OPENINGS AND LABOR TURNOVER – MAY 2013

There were 3.8 million job openings on the last business day of May, little changed from April, the U.S.
Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.2 percent)
also were little changed in May. This release includes estimates of the number and rate of job openings,
hires, and separations for the nonfarm sector by industry and by geographic region.

Job Openings

The number of job openings in May was 3.8 million, little changed from April. (See table 1.) The number
of job openings was little changed over the month in most industries but rose in retail trade and fell in
professional and business services. The number of job openings rose in the Midwest but was essentially
unchanged in the other three regions.

The number of job openings in May (not seasonally adjusted) was little changed over the year for total
nonfarm, total private, and government. Several industries experienced an increase in job openings over
the year, including retail trade; transportation, warehousing, and utilities; and finance and insurance.
Industries experiencing a decrease in openings over the year were durable goods manufacturing and
professional and business services. In the Midwest region, the number of job openings rose over the year.
(See table 7.)

Hires

In May, there were 4.4 million hires; the hires rate was 3.3 percent. The hires rate was little changed in all
industries and regions over the month. (See table 2.)

Over the 12 months ending in May, the number of hires (not seasonally adjusted) was little changed for
total nonfarm, total private, government, and in all four regions. The number of hires was little changed
over the year for most industries. The number of hires fell in mining and logging but rose in
accommodation and food services. (See table 8.)

Separations

There were 4.3 million total separations in the month of May; essentially the same number as in April.
The separations rate was 3.2 percent.

Total separations includes quits, layoffs and discharges, and other separations. Total separations also is
referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore,
the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and
discharges are involuntary separations initiated by the employer. Other separations include separations
due to retirement, death, and disability, as well as transfers to other locations of the same firm.

In May, the quits rate remained at 1.6 percent for total nonfarm and at 1.8 percent for total private. The
rate for government was little changed at 0.6 percent. The quits rate also was little changed over the
month for all industries and regions. (See table 4.)

The number of quits (not seasonally adjusted) was little changed over the 12 months ending in May for
total nonfarm, total private, government, and in all four regions. Quits increased over the year for the
educational services industry. (See table 10.)

The layoffs and discharges component of total separations is seasonally adjusted at the total nonfarm,
total private, and government levels, and by region. The layoffs and discharges rate was unchanged in
May at 1.3 percent. The rate also was unchanged for total private (1.4 percent) and government (0.4
percent). The rate was little changed over the month in all four regions. (See table 5.)

The layoffs and discharges level (not seasonally adjusted) was little changed over the 12 months ending
in May for total nonfarm and total private but fell for government. Over the year, the number of layoffs
and discharges fell in professional and business services, educational services, and state and local
government. In the South region, the number of layoffs and discharges decreased. (See table 11.)

In May, there were 382,000 other separations for total nonfarm, essentially unchanged from the previous
month. The number of other separations also was essentially unchanged over the month for total private
and government. (See table 6.) Over the 12 months ending in May, the number of other separations also
was little changed for total nonfarm, total private, and government. (See table 12.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net
employment change results from the relationship between hires and separations. When the number of
hires exceeds the number of separations, employment rises, even if the hires level is steady or declining.
Conversely, when the number of hires is less than the number of separations, employment declines, even
if the hires level is steady or rising. Over the 12 months ending in May 2013, hires totaled 51.9 million
and separations totaled 50.1 million, yielding a net employment gain of 1.8 million. These figures include
workers who may have been hired and separated more than once during the year.

____________
The Job Openings and Labor Turnover Survey results for June 2013 are scheduled to be released
on Tuesday, August 6, 2013 at 10:00 a.m. (EDT).

Logos, product and company names mentioned are the property of their respective owners.

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Courtyard by Marriott Waikiki Beach acquired for $75.3 Million

RLJ Lodging Trust today announced that it acquired the long-term leasehold interest in the 399-room Courtyard by Marriott Waikiki Beach (the “Hotel”) for a purchase price of $75.3 million, or approximately $189,000 per key. The purchase price represents a forward capitalization rate of approximately 7.8% based on the Hotel’s projected 2014 net operating income. The Company purchased this asset with cash available on its balance sheet.

“We are excited to increase our presence in the west and expand our geographic footprint into another gateway market,” commented Thomas J. Baltimore, Jr., President and Chief Executive Officer. “The Hotel’s strong brand affiliation and prime location in Waikiki will allow us to capitalize on the strong lodging fundamentals in Oahu.”

The Hotel is located in Honolulu, on the Hawaiian island of Oahu. Honolulu serves as a major gateway for travelers from the Pacific Rim and is ranked as the fourth highest port of entry for international travelers to the U.S., behind only New York City, Miami, and Los Angeles. In 2012, visitor arrivals and spending exceeded historical 2006 and 2007 peak levels. According to the Department of Business, Economic Development & Tourism, in 2012 visitor arrivals increased 9.6% and visitor spending increased 18.5% over prior year. Strong demand from Asia and the South Pacific region are projected to drive further growth for the market.

As one of the leading hotel markets in the U.S. and a major tourist destination, the Oahu market recorded revenue per available room (“RevPAR”) growth of 16.7% in 2012, which was the highest among the top 25 U.S. lodging markets according to Smith Travel Research. Year-to-date through April 2013, the strong growth continued as RevPAR increased 17.9% over the same time period in 2012. The Hotel’s RevPAR, which represents more than a 40% premium to the Company’s 2012 pro forma RevPAR, will be among the Company’s Top 10 hotels and further enhance the composition of the portfolio.

The Hotel’s prime location in the world famous neighborhood of Waikiki is in close proximity to the most visited tourist attractions in the area and various cultural and entertainment options. The Company expects that the Hotel will benefit from the positive momentum in the leisure and hospitality sectors as well as from demand generated by all four branches of the U.S. military, which have a significant presence on the island.

The Waikiki submarket is currently underrepresented by Marriott branded hotels. The Company expects that the Hotel’s affiliation with Marriott’s strong reservation system and guest loyalty program, as well as its proximity to the most visited attractions in the area, will benefit the asset and position it for strong growth. With limited supply and robust demand, the Company expects that this Hotel has significant upside and is well positioned to outperform.

With the addition of this asset, the Company now owns 149 properties, comprised of 148 hotels with more than 22,300 rooms and one planned hotel conversion, located in 22 states and the District of Columbia.

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