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Investor Presentaiton

Ending 2012 With a Profitable December Quarter ▲ DELTA On track to produce $200M - $250M December quarter profit, despite $50 million Sandy impact Operating margin Fuel price, including taxes and settled hedges Capital expenditures Total unrestricted liquidity December quarter 2012 5 -6% $3.20 - $3.25 $600 650 million $5.1 - $5.2 billion December quarter 2012 vs. December quarter 2011 Up 3-4% Passenger unit revenue Consolidated ex-fuel unit cost System capacity Up 5-6% Down 1-2% Completing third solidly profitable year in a row, generating $4 billion of free cash flow and 10.2% return on invested capital over that time Note: Fuel price includes taxes and settled hedges; consolidated ex-fuel unit cost excludes special items and profit sharing 12
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