Investor Presentaiton

Five Things to Take Away From Today 1 2 3 - Building on a record 2019 – with expectations for 4% to 6% revenue growth, $6.75 to $7.75 earnings per share and $4 billion free cash flow in 2020 Benefitting from favorable travel trends as the best performer within a structurally improved airline industry Extending our unmatched competitive advantages - our culture, operational reliability, global network, customer loyalty and investment grade balance sheet – to retain our leadership position and drive long term value creation for all stakeholders 4 Enhancing our global scale with investments in fleet, partners, facilities and technology to deliver best-in-class customer experiences and drive strong returns for owners 5 Creating long-term growth opportunity through growing brand preference, innovative global partnership structure and continued revenue diversification from loyalty and MRO Note: Forward-looking non-GAAP financial measures. See additional information in Appendix ▲ DELTA 11

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