Investor Presentaiton

GLOBAL NETWORK Scale Advantage Enables Attractive Growth Opportunities Domestic International Product & Service Fleet Strengths High-margin core hubs, coastal hub positions, strong local share JV and equity partnerships in every entity Brand preference, segmented product with growing premium mix Flexible fleet with low ownership costs 2020 Core hub growth, mature coastal hubs, capitalize on local positions Expand service in key markets, launch strategic partnership with LATAM Continue improvements, expand five-cabin strategy Retire MD88 fleet by year end, grow A220 and A321 fleet Vision Most efficient core hubs, higher-margin coastal hubs, expanded focus city presence Best-in-class customer experience through deeper partner integration Enjoyable travel with better technology and personalization Simpler, more efficient, higher gauge fleet Note: LATAM equity stake subject to tender offer completion and JV subject to government approvals ADELTA ADELTA 20

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