Investor Presentaiton

INVESTMENT THESIS Delta is a Compelling Long-Term Investment Opportunity Powerful Brand With Industry- leading Returns Record customer satisfaction ➤ Durable revenue and margin premium Consistent returns to owners since 2013 Unmatched Competitive Advantages Engaged and empowered people ► Unique loyalty and co- brand program Extending our lead by investing for the future Strong Partner Portfolio and Global Scale Global relevance with partner network covering 98% of GDP ▸ Expanding footprint and deepening integration with JV partners Proven Track Record of Execution & Reinvestment Consistent operational excellence ► Best-in-class products and service Improving ROIC on a growing capital base ADELTA C DELTA 80

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