Investor Presentaiton

1. REINVEST IN THE BUSINESS Reinvestment Consistent but Flexible Core Capital Spending $4.6B ~$4.5B ~$4.5B $3.7B $3.2B 2016 2017 2018 2019E 2020E Aircraft Technology Ground/Other CapEx / Sales 8% 9% 11% -10% -9% Note: Adjusted for special items; non-GAAP financial measures reconciled in Appendix • Core capex spend in 2020 similar to 2019 - Expecting ~80 aircraft deliveries - Cabin refurbishment and product upgrades Ground and facility investments Technology investments ADELTA 75

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