Investor Presentaiton

▲ DELTA Initiatives will Ramp up through 2015 Delta will continue to face off-setting CASM pressures, but initiatives forecast to bring 2014 Non-fuel CASM flat compared to 2013 Rolling 12 Months Non-Fuel CASM Timing of Cumulative Savings from Structural Initiatives $1.0B 10.00 9.50 Impact of Initiatives 9.00 $0.6B 8.50 8.00 7.50 7.00 2013 6.50 1Q11 3Q11 1Q12 3Q12 1Q13 3Q13 1Q14 3Q14 Note: All results exclude special items estimate Fleet Restructuring Staffing Efficiency Maintenance Redesign Distribution Other Costs 2014 43 33

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