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DELTA AIR LINES DECLARES CASH DIVIDEND; EXPECTS CHARGE FOR EARLY RETIREMENTS

 MONROE, La., Oct. 28 /PRNewswire/ -- Delta Air Lines' (NYSE: DAL) Board of Directors, at its regular meeting held here today, declared cash dividends of five cents per common share and $875.00 per share of Series C Convertible Preferred stock ($0.875 per depositary share).
 Both dividends are payable Dec. 1, 1993, to stockholders of record on Nov. 10, 1993.
 The airline also announced that it expects to record a one-time charge during the December 1993 quarter related to an early retirement program offered to certain personnel. While the number of retirees under this program and the actuarial evaluation have not been finalized, it is estimated that the charge could be in the range of $100 million and involve approximately 1,400 personnel.
 -0- 10/28/93
 /CONTACT: Delta Air Lines Corporate Communications, 404-715-2533, or Investor Relations, 404-715-6679/
 (DAL)


CO: Delta Air Lines, Inc. ST: Georgia IN: AIR SU: DIV

BN -- AT014 -- 7960 10/28/93 13:14 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:159
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