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Investor Presentaiton

Delivering Strong 2019 Performance Our People ✓ Strong culture and employee engagement ✓ On track for highest profit sharing in history 6,800 new hires to support growth and improve service ✓ Raised base pay for twelfth time in the last thirteen years Our Partners & Communities ✓ Proposed strategic partnership with LATAM ✓ Equity investment in Korean partner Returned over $55 million to communities where we live, work and serve ✓ Improved fuel efficiency by 2% and delivered carbon-neutral growth LATAM A Note: Adjusted for special items; non-GAAP financial measures reconciled in Appendix Delivering Results for all Stakeholders Our Customers ✓ Industry-leading reliability and record customer satisfaction ✓ Enhancing the customer experience through product and service improvements ✓ Renewed American Express partnership ✓ Growing loyalty with record acquisitions of SkyMiles members and co-brand cards. Our Owners ✓ Expect pre-tax income of $6 billion, 5th year at or above $5 billion ✓ Delivering top-line growth of ~7% ✓ Expanding profit margins ✓ Free cash flow of approximately $4 billion with $3 billion returned to owners ADELTA 5
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