What changed in this filing

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Item 2. Properties

2022-02-11 compared with 2021-02-12 · 7 added, 64 removed, 24 unchanged (75% of the section changed)

Flight Equipment

We have restructured our aircraft order books for future aircraft deliveries and as of December 31, 2020 removed from active service approximately 350 mainline and regional aircraft to align capacity with customer demand as a result of the COVID-19 pandemic.

As of December 31, 2020, approximately 125 mainline and regional aircraft were temporarily parked.

Additionally, 227 aircraft were permanently parked as a result of the early retirements described in Note 2 of the Notes to the Consolidated Financial Statements.

As we obtain greater clarity around the duration and extent of reduced demand and potentially execute further capacity adjustments, we will continue to evaluate our current fleet compared to network requirements and may decide to retire additional aircraft.

Future decisions regarding the timing of returning temporarily parked aircraft to service will be dependent on the evolution of the demand environment.

See Note 2 of the Notes to the Consolidated Financial Statements for additional information on our fleet retirements.

Our operating aircraft fleet, commitments and options at December 31, 2020 are summarized in the following table:

Operating aircraft information by fleet type

Active Fleet (1)

Temporarily Parked Fleet (1)

Commitments (2)

Fleet Type Owned Finance Lease Operating Lease Owned Finance Lease Operating Lease Total Average Age Purchase Options

B-717-200 9 21 16 — 3 1 50 19.7 — —

B-737-800 68 4 — 5 — — 77 19.3 — —

B-737-900ER 76 — 45 5 — 4 130 4.3 — —

B-757-200 75 7 — 17 1 — 100 23.4 — —

B-757-300 15 — — 1 — — 16 17.9 — —

B-767-300ER 27 — — 7 — — 34 23.4 — —

B-767-400ER 19 — — 2 — — 21 20.0 — —

A220-100 26 4 — 8 — — 38 1.4 7 —

A220-300 5 — — — — — 5 0.3 45 50

A319-100 44 — — 11 — 2 57 18.9 — —

A320-200 42 — 4 6 — — 52 24.7 — —

A321-200 54 14 31 1 — 5 105 2.5 22 —

A321-200neo — — — — — — — — 100 100

A330-200 5 — — 6 — — 11 15.8 — —

A330-300 26 — — 2 — 3 31 12.0 — —

A330-900neo 3 1 4 — — — 8 0.9 29 —

A350-900 13 — 2 — — — 15 2.5 20 —

Total 507 51 102 71 4 15 750 13.5 223 150

(1) Excludes certain aircraft we own, lease or have committed to purchase (including one CRJ-900 aircraft) that are operated by regional carriers on our behalf shown in the table below.

(2) Purchase commitments include one A330-900neo lease commitment in 2021 incremental to our order book with Airbus.

We have assumed 10 of LATAM's A350 purchase commitments from Airbus, with deliveries through 2025, which are included as purchase commitments in the above table.

See Note 5 of the Notes to the Consolidated Financial Statements for further information on our strategic alliance with LATAM.

Delta Air Lines, Inc.

2020 Form 10-K 25

The following table summarizes the 340 aircraft operated by regional carriers on our behalf at December 31, 2020.

We have also temporarily parked approximately 35 regional aircraft as of December 31, 2020.

In 2020, Compass Airlines, Inc.

("Compass") and GoJet Airlines, LLC ("GoJet") ceased operations on our behalf.

Aircraft previously operated by Compass and GoJet are now being operated by our other regional carriers and are reflected in the table below.

Regional aircraft information by carrier

Carrier CRJ-200 CRJ-700 CRJ-900 Embraer 170 Embraer 175 Total

Endeavor Air, Inc.

42 18 111 — — 171

SkyWest Airlines, Inc.

12 6 39 — 64 121

Republic Airline, Inc.

— — — 18 30 48

Total 54 24 150 18 94 340

(1) Endeavor Air, Inc.

is a wholly owned subsidiary of Delta.

Aircraft Purchase Commitments

As part of a multi-year effort, we have been investing in new aircraft to provide an improved customer experience, greater fuel efficiency, better operating economics and more premium products.

In 2020, we restructured our aircraft order books with Airbus and MHI RJ Aviation Group (manufacturer of CRJ aircraft) in an effort to better match the timing of aircraft deliveries with our network and financial needs over the next several years.

The restructuring reduced our aircraft purchase commitments by more than $2 billion in 2020 and by more than $5 billion through 2022.

The shift in delivery timing is intended to allow us to continue simplifying and modernizing our fleet while maintaining our Airbus order book.

As part of a multi-year effort, we have been investing in new aircraft to provide an improved customer experience, greater fuel efficiency and thus reduced carbon emissions, better operating economics and more premium products.

Our purchase commitments for additional aircraft at December 31, 2021 are detailed in the following table:

4 unchanged sentences

A220-300 7 11 10 12 40

A321-200 22 — — — 22

A321-200neo 27 33 25 70 155

1 unchanged sentence

A350-900 4 — 6 10 20

CRJ-900 1 — — — 1

B-737-900ER 19 — — — 19

Total 70 52 48 94 264

(1) Includes one A330-900neo lease commitment in 2021 incremental to our order book with Airbus.

Delta Air Lines, Inc.

2020 Form 10-K 26

Ground Facilities

11 unchanged sentences

Refinery Operations

Our wholly owned subsidiaries, Monroe and MIPC, own and operate the Trainer refinery and related assets in Pennsylvania.

The facility includes pipelines and terminal assets that allow the refinery to supply jet fuel to our airline operations throughout the Northeastern U.S., including our New York hubs at LaGuardia and JFK.

Our Monroe subsidiaries own and operate the Trainer refinery and related assets in Pennsylvania.

The facilities include pipelines and terminal assets that allow the refinery to supply jet fuel to our airline operations throughout the Northeastern U.S., including our New York hubs at LaGuardia and JFK.

Delta Air Lines, Inc.

2021 Form 10-K 30

Legal Proceedings

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties