Reg FD Disclosure

$330 million for a 15% stake in Canadian carrier WestJet, alongside Korean Air's $220 million for 10%, deepens Delta's strategy of taking minority equity positions in international partners to lock in network connectivity and align incentives. The move — with Delta also planning to sell a 2.3% slice to joint venture partner Air France-KLM for $50 million — extends Delta's web of equity-linked airline partnerships across every major global region, reinforcing its competitive moat in premium international travel.