Investor Presentaiton

Current State Of The Business - Demand Momentum Building Raising March quarter revenue outlook to ~78% recovered versus 2019 Expect to achieve flat TRASM in March month versus March 2019 System cash sales¹ are above 2019 levels Total Adj. Revenue Recovery Versus 2019 Updated 1Q guidance: ~78% 74% 70% 80% ~83% ◉ Maintaining flexibility and nimble approach to capacity in high fuel price environment 4Q21 Jan 22 Feb 22 Mar 22E Capacity 71% 83% 84% ~83% vs. 2019 Delta Is Well Positioned To Recapture Higher Fuel Prices Given Disciplined Approach To Capacity, Strong Brand Preference And Premium Product Focus Note: Adjusted for special items; non-GAAP financial measures reconciled in Appendix 1 Cash sales are defined as average daily tickets purchased over the last 7 days as of March 11, 2022 3

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