Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — J.P. Morgan Industrials Conference 2020
6 slides from Delta Air Lines's conference presentation, Mar 10, 2020
Slide 1: Delta Air Lines
Delta Air Lines J.P. Morgan Industrials Conference March 10, 2020
Slide 2: Safe Harbor
Safe Harbor Statements in this presentation that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995
Slide 3: Current Environment
Current Environment • Taking every precaution to protect the health and safety of our customers and employees − Extended broad-based travel waiver through April 30 • COVID-19 is materially impacting revenue as bookings decline and ticket cancellations accelerate • Decisive actions underway to protec
Slide 4: Flexible Approach to Managing Capacity
Flexible Approach to Managing Capacity • Reducing system capacity by at least 15 points versus scheduled − International capacity reduced by 20% to 25%, Domestic reduced by 10% to 15% • Parking widebody and narrowbody aircraft and evaluating early retirements of older aircraft • Prepared to take mor
Slide 5: Strong Foundation Positions Delta Well For Current Challenge
Strong Foundation Positions Delta Well For Current Challenge Revenue Balance Sheet and Expense and Cash Flow − Identified $1.8 billion of incremental cost − Deferring $500 million of capital expenditures, reductions including: $500 million of elective pension funding and suspending share repurchases
Slide 6: Long-term Opportunity Unchanged by Near-term Challenges
Long-term Opportunity Unchanged by Near-term Challenges Powerful Brand Unmatched Strong Partner Proven Track Record With Industry- Competitive Portfolio and of Execution & Leading Returns Advantages Global Scale Reinvestment Commitment to Carbon Neutrality and Environmental Sustainability 6
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