Delta Air Lines, Inc. 8-K Filing

This report details Delta Air Lines, Inc.’s participation in the J.P. Morgan Industrials Conference on March 17, 2026. The filing includes a presentation (Exhibit 99.1) used during the event, which discusses the company's strategy, financial performance, and outlook. Key highlights include updated revenue guidance driven by strong demand, a focus on operational resilience, and differentiated financial performance in 2025, evidenced by significant free cash flow and return on invested capital. The presentation also emphasizes Delta's strengthened balance sheet, aiming for a net leverage ratio of approximately 1.5x by 2026. It further elaborates on non-GAAP financial measures used for performance assessment, including total revenue, non-fuel unit costs, operating margin, free cash flow, and return on invested capital, providing reconciliations to GAAP measures. The company outlines its value creation framework with targets for EPS growth, free cash flow, operating margin, and return on invested capital, alongside a balanced capital allocation strategy prioritizing shareholder returns and reinvestment for growth.