Investor Presentaiton
Non-GAAP Reconciliations
Operating Revenue, Adjusted
We adjust operating revenue for refinery sales to third parties to determine operating revenue, adjusted because refinery sales to third parties are not related to our airline segment. Operating revenue,
adjusted therefore provide a more meaningful comparison of revenue from our airline operations to the rest of the airline industry. Because we sold DAL Global Services, LLC ("DGS") in December
2018, we have excluded the impact of DGS from 2018 results for comparability. We do not present reconciliations for the years ended December 31, 2017 and December 31, 2016 as the adjusted
operating revenue in these years is the same as the GAAP operating revenue.
(in millions)
Operating revenue
Third-party refinery sales
DGS sale adjustment
Operating revenue, adjusted
$
(Projected)
Year Ended
December 31, 2019
Year Ended
December 31, 2018
Change
~46,850 $
~(150)
44,438
(548)
(244)
-46,700 $
43,645
~7%
ADELTA
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