Investor Presentaiton

Positioned to Continue Revenue Momentum in 2020 ~$49B $39B • • • 4% Reliable operation Branded Fares Globalization 8% • More choice in experience • ⚫ Fuel recapture Premium revenue growth ~7% • More choice in payment 110%+ revenue premium • Amex renewal 2016 2017 2018 4-6% 2019E 2020E Revenue growth ~2-3x U.S. GDP Note: Adjusted for special items; non-GAAP financial measures reconciled in Appendix ADELTA ADELTA 49

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