Regulation FD Disclosure (Form 8-K)

As previously announced, executives of Delta Air Lines, Inc. ("Delta" or the "Company") are participating in a webcast fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 3, 2025 starting at 8:45 a.m. ET.

At the conference, Delta is disclosing that demand remains healthy for the December quarter and trends are strong for early 2026. Growth in travel bookings has returned to initial expectations following a temporary softening in November related to the government shutdown, which is expected to impact the Company's December quarter pre-tax profitability by approximately $200 million, equating to approximately 25 cents of earnings per share.

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In accordance with general instruction B.2 of Form 8-K, the information in this report that is being furnished pursuant to Item 7.01 of Form 8-K shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act, as amended, or otherwise subject to liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.