Delta Air Lines announces $1B share repurchase program; to return over $2B to shareholders through 2028

DELTA AIR LINES, INC.

Board authorized $1B share repurchase program, to be completed by June 30, 2028.
Combined with dividends, Delta plans to return over $2B to shareholders over next three years.
Plan aligns with Nov 2024 Investor Day framework: long-term gross leverage target of 1x, unencumbered assets >$40B.
Delta cites highest credit ratings in 30 years and strong cash flow generation as basis for authorization.
Repurchases may be executed via open market, private transactions, block trades, or accelerated share repurchase.

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