DELTA AIR LINES, INC.

Delta Air Lines, Inc. (NYSE: DAL) operates as a global airline based in the United States, connecting customers across an expansive international network with a commitment to operational reliability and customer service innovation. The company maintains its website at http://ir.delta.com/.

As of December 31, 2025, Delta operates a fleet of 1,314 aircraft serving over 200 million customers annually across more than 300 destinations on six continents. The airline employs approximately 103,000 full-time equivalent employees, with roughly 100,000 based in the United States. Delta's domestic network centers around core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, complemented by coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle. Internationally, the company operates significant hubs or maintains market presence in major cities including Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, São Paulo, Seoul-Incheon, and Tokyo.

Delta's business model encompasses multiple revenue streams beyond mainline airline operations. The company's SkyMiles loyalty program generated approximately $8.2 billion in remuneration from American Express in 2025, with expectations to grow to $10 billion over the coming years. Additional business segments include Delta TechOps, a maintenance, repair and overhaul operation serving aviation customers globally; Delta Vacations, providing customized vacation packages; and cargo operations leveraging the company's global network.

The company operates Monroe Energy, a refinery subsidiary near Philadelphia with capacity to process approximately 200,000 barrels of crude oil daily, supplying jet fuel to Delta's northeastern operations while generating non-jet fuel products. In 2025, Delta consumed 4.269 billion gallons of aircraft fuel at an average price of $2.30 per gallon.

Delta maintains strategic international alliances and joint ventures with carriers including Air France-KLM, Aeroméxico, LATAM Airlines, Korean Air, Virgin Atlantic, China Eastern, and WestJet. The company is a member of the SkyTeam global airline alliance, which collectively serves over 150 countries and territories. Delta's competitive advantages center on its people and culture, operational reliability, global network, customer loyalty programs, and financial foundation, with the company maintaining investment-grade credit ratings from all three major rating agencies.