Delta Air Lines reports Q3 2026 results

Item 6. Exhibits

Signature

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Forward-Looking Statements

Unless otherwise indicated or the context otherwise requires, the terms "Delta," "we," "us" and "our" refer to Delta Air Lines, Inc. and its subsidiaries.

FORWARD-LOOKING STATEMENTS

Statements in this Form 10-Q (or otherwise made by us or on our behalf) that are not historical facts, including statements about our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. Known material risk factors applicable to Delta are described in "Item 1A. Risk Factors" of our Annual Report on Form 10-K⁷ for the fiscal year ended December 31, 2025 ("Form 10-K")⁸, other than risks that could apply to any issuer or offering. All forward-looking statements speak only as of the date made, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this report except as required by law.⁹

Delta Air Lines, Inc. | September 2026 Form 10-Q

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and the Stockholders of Delta Air Lines, Inc.

Results of Review of Interim Financial Statements

We have reviewed the accompanying consolidated balance sheet of Delta Air Lines, Inc. (the Company) as of September 30, 2026, the related condensed consolidated statements of operations and comprehensive income and consolidated statements of stockholders' equity for the three-month and nine-month periods ended September 30, 2026 and 2025, and condensed consolidated statements of cash flows for the nine-month periods ended September 30, 2026 and 2025, and the related notes (collectively referred to as the "condensed consolidated interim financial statements"). Based on our reviews, we are not aware of any material modifications that should be made to the condensed consolidated interim financial statements¹ for them to be in conformity with U.S. generally accepted accounting principles.

We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheet of the Company as of December 31, 2025, the related consolidated statements of operations, comprehensive income, cash flows, and stockholders' equity for the year then ended, and the related notes (not presented herein); and in our report dated February 10, 2026, we expressed an unqualified audit opinion on those Consolidated Financial Statements. In our opinion, the information set forth in the accompanying consolidated balance sheet as of December 31, 2025, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.

Basis for Review Results

These financial statements are the responsibility of the Company's management. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission (SEC) and the PCAOB. We conducted our review in accordance with the standards of the PCAOB. A review of interim financial statements consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the PCAOB, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

/s/ Ernst & Young LLP¹

Atlanta, Georgia¹

October 9, 2026¹

Delta Air Lines, Inc. | September 2026 Form 10-Q

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Financial Statements

DELTA AIR LINES, INC.

Consolidated Balance Sheets

(Unaudited) (in millions, except share data) September 30,

2026 December 31,

2025

ASSETS

Current Assets:

Cash and cash equivalents $ 3,787 $ 4,310²

Accounts receivable, net of allowance for uncollectible accounts of $ 13 and $ 13

4,325 2,850

Fuel, expendable parts and supplies inventories, net of allowance for obsolescence of $ 140 and $ 124

Noncurrent Assets:

Property and equipment, net of accumulated depreciation and amortization of $ 26,369 and $ 24,719

42,206 39,743

Operating lease right-of-use assets 6,120 6,244

Goodwill 9,753 9,753

Identifiable intangibles, net of accumulated amortization of $ 934 and $ 928

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Current maturities of debt and finance leases $ 3,324 $ 1,605⁴

Current maturities of operating leases 912 809

Accrued salaries and related benefits 4,550 4,906

Pension, postretirement and related benefits 3,031 3,156

Commitments and Contingencies

Stockholders' Equity:

Common stock at $ 0.0001 par value; 1,500,000,000 shares authorized, 666,699,325 and 659,669,346 shares issued

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Accumulated other comprehensiv