Investor Presentaiton

CUSTOMER LOYALTY The Strategic Importance of American Express • Two strong consumer brands with long-term • ● partnership Integrated model with attractive economics Higher contribution driven by improved economics, accelerating acquisitions and strong spend growth Source of diversification and high-margin revenue Delta represented 8% of American Express global billings and 21% of card member loans in 2018 Delta-American Express Contribution $1.4B 2010 Contract renewal through 2029 provides platform for significant value creation for both partners ~$7B 2023E AMERICAN EXPRESS A DI UTA SKYMILES 3758 876543 21001 0123456789 SURROUN ADELTA 24 BUSINESS

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