Investor Presentaiton
Non-GAAP Reconciliations
Adjusted Total Revenue
(in billions)
Total revenue
Adjusted for:
Third-party refinery sales
Total revenue, adjusted
Number of years
Average adjusted total revenue
Adjusted Operating Margin
2010 - 2014
Total
2015-2019
Year Ended December 31,
Total
2009
2014
2019
182
$
213
$
28
$
40
$
47
(0)
(2)
(0)
(0)
$
182
$
211
$
28
$
40
$
47
5
5
$
36
$
42
Year Ended
December 31, 2009
2010 - 2014
Average
2015 - 2019
Average
Operating margin
(1.2)%
6.6%
15.4%
Adjusted for:
Restructuring charges
1.5
1.3
0.0
MTM adjustments and settlements on hedges
Third-party refinery sales
1.0
(1.0)
0.0
0.1
Adjusted Operating margin
0.3%
9.0%
14.5%
Average adjusted fuel price per gallon
Average fuel price per gallon
$
Year Ended¹
December 31, 2008
3.29
Six Months Ended
June 30, 2022
$
3.29
Adjusted for:
MTM adjustments and settlements on hedges
Average adjusted fuel price per gallon
0.05
$
3.29
$
3.34
1 Reflects operations for both Delta and Northwest for the year ended December 31, 2008
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