Delta expects $200M pretax hit from Nov. gov't shutdown; bookings recovering

DELTA AIR LINES, INC.

Government shutdown cuts Dec. quarter pre-tax profit by ~$200M, ~$0.25 EPS.
Travel bookings growth returned to initial expectations after Nov. softening.
Demand healthy for Dec. quarter and trends strong for early 2026.
Disclosure made at Morgan Stanley Global Consumer & Retail Conference on Dec. 3.

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