Delta Air Lines Management

Management criteria checks 3/4

Delta Air Lines' CEO is Ed Bastian, appointed in May 2016, has a tenure of 7.92 years. total yearly compensation is $9.61M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 0.079% of the company’s shares, worth $24.34M. The average tenure of the management team and the board of directors is 4.9 years and 6.6 years respectively.

Key information

Ed Bastian

Chief executive officer

US$9.6m

Total compensation

CEO salary percentage	9.9%
CEO tenure	7.9yrs
CEO ownership	0.08%
Management average tenure	4.9yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ed Bastian's remuneration changed compared to Delta Air Lines's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$5b
Dec 31 2023	n/a	n/a	US$5b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$10m	US$950k	US$1b
Sep 30 2022	n/a	n/a	US$81m
Jun 30 2022	n/a	n/a	US$600m
Mar 31 2022	n/a	n/a	US$517m
Dec 31 2021	US$12m	US$950k	US$280m
Sep 30 2021	n/a	n/a	-US$67m
Jun 30 2021	n/a	n/a	-US$7b
Mar 31 2021	n/a	n/a	-US$13b
Dec 31 2020	US$13m	US$238k	-US$12b
Sep 30 2020	n/a	n/a	-US$11b
Jun 30 2020	n/a	n/a	-US$4b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$17m	US$946k	US$5b
Sep 30 2019	n/a	n/a	US$5b
Jun 30 2019	n/a	n/a	US$5b
Mar 31 2019	n/a	n/a	US$4b
Dec 31 2018	US$15m	US$892k	US$4b
Sep 30 2018	n/a	n/a	US$3b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$3b
Dec 31 2017	US$13m	US$800k	US$3b

Compensation vs Market: Ed's total compensation ($USD9.61M) is above average for companies of similar size in the PE market ($USD6.04M).

Compensation vs Earnings: Ed's compensation has been consistent with company performance over the past year.

CEO

Ed Bastian (65 yo)

7.9yrs

Tenure

US$9,606,387

Compensation

Mr. Edward H. Bastian, also known as Ed, has been the Chief Executive Officer of Delta Air Lines, Inc. since May 2, 2016. Mr. Bastian served as President of Delta Air Lines, Inc. from September 01, 2007 to...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edward Bastian	CEO & Director	7.9yrs	US$9.61m	0.079% $ 24.3m
Glen Hauenstein	President	7.9yrs	US$5.81m	0.034% $ 10.4m
Daniel Janki	Executive VP & CFO	2.8yrs	US$5.42m	0.032% $ 9.8m
Peter Carter	Executive Vice President of External Affairs	1.4yrs	US$3.95m	0.030% $ 9.3m
Alain Bellemare	Executive VP & President of International	3.3yrs	US$5.17m	0.026% $ 7.9m
Michael Spanos	Chief Operating Officer	less than a year	no data	0.018% $ 5.6m
William Carroll	Senior VP	4.8yrs	US$2.48m	0.0031% $ 946.7k
Rahul Samant	Executive VP & Chief Information Officer	8.2yrs	US$3.79m	0.013% $ 4.0m
Julie Stewart	Vice President of Investor Relations	no data	no data	no data
Tim Mapes	Senior VP & Chief Communications Officer	4.9yrs	no data	no data
Steven Sear	Executive Vice President of Global Sales & Distribution	8.2yrs	no data	0.016% $ 5.0m
Alicia Tillman	Chief Marketing Officer	no data	no data	no data

4.9yrs

Average Tenure

58yo

Average Age

Experienced Management: DAL's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Bastian	CEO & Director	14.2yrs	US$9.61m	0.079% $ 24.3m
David DeWalt	Independent Director	12.4yrs	US$332.34k	0.012% $ 3.6m
Vasant Prabhu	Director	less than a year	no data	0.00069% $ 212.1k
Michael Huerta	Independent Director	6yrs	US$300.77k	0.0043% $ 1.3m
Jeanne Jackson	Independent Director	7.3yrs	US$324.33k	0.0092% $ 2.8m
Sergio Rial	Independent Director	9.3yrs	US$315.00k	0.0047% $ 1.5m
William Easter	Independent Director	11.3yrs	US$323.03k	0.011% $ 3.3m
Greg Creed	Independent Director	2yrs	US$274.61k	0.0034% $ 1.0m
David Taylor	Independent Non-Executive Chairman	4.7yrs	US$305.16k	0.016% $ 4.8m
Kathy Waller	Independent Director	8.8yrs	US$300.00k	0.0059% $ 1.8m
Leslie Hale	Independent Director	2yrs	US$276.22k	0.0017% $ 522.5k
Christopher Hazleton	Director	4.8yrs	no data	0.000050% $ 15.4k

6.6yrs

Average Tenure

65yo

Average Age

Experienced Board: DAL's board of directors are considered experienced (6.6 years average tenure).

Delta Air Lines Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold US$4.9m worth of stock

Delta Air Lines, Inc. Appoints Matteo Curcio as Senior Vice President- Europe, Middle East, Africa and India

Insider recently sold US$277k worth of stock

Delta Air Lines, Inc. Announces Appointment of Mike Spanos as Chief Operating Officer, Effective June 12, 2023

President recently sold US$173k worth of stock

President recently sold US$189k worth of stock

Recent updates

President recently sold US$4.9m worth of stock

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: US$0.058 (vs US$0.57 loss in 1Q 2023)

Delta Air Lines, Inc. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2024

New major risk - Share price stability

Upcoming dividend of US$0.10 per share

Full year 2023 earnings released: EPS: US$7.21 (vs US$2.07 in FY 2022)

Delta Air Lines Declares Quarterly Dividend, Payable on March 18, 2024

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$7.21 (vs US$2.07 in FY 2022)

Delta Air Lines, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Delta Air Lines, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Third quarter 2023 earnings released: EPS: US$1.73 (vs US$1.09 in 3Q 2022)

Delta Air Lines Declares Quarterly Dividend, Payable on November 2, 2023

Delta Air Lines, Inc. Revises Revenue Guidance for the Third Quarter 2023 and Reiterates Earnings Guidance for the Full Year 2023

New minor risk - Insider selling

New minor risk - Share price stability

Delta Air Lines, Inc. Announces Earnings Guidance for Third Quarter and Full Year 2023

Second quarter 2023 earnings released: EPS: US$2.86 (vs US$1.15 in 2Q 2022)

Delta Air Lines, Inc. Appoints Matteo Curcio as Senior Vice President- Europe, Middle East, Africa and India

Delta Air Lines Declares Quarterly Dividend, Payable on August 7, 2023

Insider recently sold US$277k worth of stock

Delta Air Lines, Inc. Announces Appointment of Mike Spanos as Chief Operating Officer, Effective June 12, 2023

President recently sold US$173k worth of stock

First quarter 2023 earnings released: US$0.57 loss per share (vs US$1.48 loss in 1Q 2022)

President recently sold US$189k worth of stock

Senior VP recently sold US$219k worth of stock

Senior VP recently sold US$593k worth of stock

Delta Air Lines, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023

Delta Air Lines, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023

Full year 2022 earnings released: EPS: US$2.07 (vs US$0.44 in FY 2021)

Delta Air Lines, Inc. Provides Earnings Guidance for the Year 2022, 2023, 2024

Delta Air Lines, Inc. Appoints Peter Carter to E.V.P, External Affairs

Insider recently sold US$68k worth of stock

Delta Air Lines, Inc. Provides Revenue Guidance for December Quarter of 2022

Third quarter 2022 earnings released: EPS: US$1.09 (vs US$1.90 in 3Q 2021)

Aeromexico-Delta to Connect Monterrey and Los Angeles

CEO & Director recently sold US$1.5m worth of stock

Certares-Led Reportedly Bid for Exclusive ITA Airways Talks

Independent Director recently bought US$293k worth of stock

Second quarter 2022 earnings released

Delta Air Lines, Inc. Provides Revenue Guidance for the Third Quarter of Fiscal Year 2022

American Express(R) and Delta Air Lines(R) Debut First-Ever Limited-Edition Boeing 747 Credit Card Design

Insider recently sold US$532k worth of stock

CEO & Director recently sold US$1.1m worth of stock

President recently sold US$436k worth of stock

Delta Air Lines, Inc., Annual General Meeting, Jun 16, 2022

Insider recently bought US$484k worth of stock

Delta Air Lines, Inc. Board Changes

Delta Air Lines, Inc. Executive Changes

Investor sentiment improved over the past week

Insider recently sold US$256k worth of stock

First quarter 2022 earnings released: US$1.48 loss per share (vs US$1.85 loss in 1Q 2021)

Delta Air Lines, Inc. Provides Earnings Guidance for Second Quarter 2022

Insider recently sold US$527k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Principal Accounting Officer recently sold US$143k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Delta Air Lines Has No Plans to Invest in ITA Airways

Independent Director recently bought US$216k worth of stock

Third quarter 2021 earnings released: EPS US$1.90 (vs US$8.47 loss in 3Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age