Real good memo on the Delta Net that does a little bit of explaining, but from the Press Release I thought this was some good news.

“Delta’s operations generated more than $600 million in cash during the quarter, reflecting our
employees’ continued focus on liquidity preservation, productivity improvements, and achieving our
targeted synergy benefits,” said Hank Halter, chief financial officer. “Despite a decline in our expected
revenue outlook, we continue to project a profit for the year, as well as grow our unrestricted liquidity to
more than $6 billion by the end of the year.”

We reported unchanged liquidity of $5B this quarter - same as last quarter and project to have another $1B by the end of the year. If if he is only half right, that would be nice!