Investor Presentaiton
Non-GAAP Reconciliations
Cost per Available Seat Mile, adjusted ("CASM-Ex")
CASM
(in cents)
Adjusted for:
Three Months Ended
(Projected)
March 31, 2022
~19.65
Year Ended
March 31, 2019
15.14
December 31, 2021
14.40
December 31, 2019
14.67
Restructuring charges
0.01
Government grant recognition
2.32
Aircraft fuel and related taxes
~(4.00)
(3.17)
(2.90)
(3.10)
Third-party refinery sales
~(2.45)
(0.08)
(1.66)
(0.04)
Special profit sharing payment
Profit Sharing
(0.06)
(0.35)
(0.60)
Delta Private Jets adjustment
(0.05)
(0.06)
CASM-Ex
~13.20
11.49
12.12
10.88
Average fuel price per gallon, adjusted
Average Price Per Gallon
Three Months Ended
(Projected)
March 31, 2022
Total fuel expense
Adjusted for:
MTM adjustments and settlements on hedges
Total fuel expense, adjusted
$
~2.85
~(0.05)
~2.80
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