TRISTATE MARKET SPOTLIGHT

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Delta up on news of stock split

Friday, October 23, 1998

Investors rallied behind Delta Air Lines after shareholders in the Atlanta-based carrier approved a 2-for-1 stock split.

Shares of Delta Air Lines gained $1.43 3/4 to close at $98.18 3/4. Still, stock in the nation's third-largest carrier is down 17.5 percent for the year. It peaked at $143.62 1/2 in mid-July.

Shareholders also approved an increase in the number of shares of common stock to 450 million from 150 million. The split will be effective Nov. 16.

Delta's second-largest hub is at the Cincinnati airport.

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TRISTATE EARNINGS REPORTS
TRISTATE MARKET SPOTLIGHT
TRISTATE SUMMARY