Investor Presentaiton

▲ DELTA International Equity Investments Equity investments in GOL and Aeromexico generate network scale and produce solid revenue improvements in Latin America's two largest markets • Aeromexico 4% equity stake, including board seat Delta's network now expanded to 32 points within Mexico - Aeromexico itineraries make up 20% of revenue on Delta's non-beach Mexico flying Mexico margins up 800 bps in 2012, driven by 18% RASM gain Nov-11 Aeromexico revenue on Delta - change YOY 48% Dec-11 62% 54% Jan-12 73% 94% 69% 61% 60% ilm. 7 Feb-12 Mar-12 Apr-12 26% IE 36% 47% 48% May-12 Jun-12 Aug-12 Jul-12 7 Sep-12 Oct-12 • GOL • 3% equity stake, including board seat • Delta now has the most US - Brazil city pairs of any carrier - GOL itineraries make up 20% of traffic on Delta's five long-haul Brazil flights Brazil margins up 400 bps in 2012, with all five flights increasing between 100 and 700 bps 55% 83% GOL revenue on Delta – change YOY 75% 93% hil - Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 40% 33% 29% 35% 36% Apr-12 7 May-12 Jun-12 18% Jul-12 10% Aug-12 40% Sep-12 T Oct-12 7 20 20

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