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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]

Pay Versus Performance

 

The following disclosure has been prepared in accordance with the SEC’s pay versus performance rules in Item 402(v) of Regulation S-K and does not necessarily reflect value actually realized by the named executive officers or how the Personnel & Compensation Committee evaluates compensation decisions. For discussion of how the Personnel & Compensation Committee seeks to align pay with performance when making compensation decisions, see the “Compensation Discussion & Analysis” section of this proxy statement beginning on page 27.

 

The following tables and related disclosures provide information about (i) the total compensation (SCT Total) of our principal executive officer (PEO) and the non-PEO named executive officers (Other NEOs) as presented in the Summary Compensation Table on page 45; (ii) the “compensation actually paid” (CAP) to our PEO and the Other NEOs, as calculated pursuant to Item 402(v) of Regulation S-K; (iii) certain financial performance measures; and (iv) the relationship of CAP to those financial performance measures.

 

ir.delta.com 2024 PROXY STATEMENT 56

Pay Versus Performance Table 

 

            Average 
Summary
Compensation
  Average
Compensation
  Value of Initial Fixed $100
Investment on December 31, 2019
Based On:
       
Year
(a)
  Summary
Compensation
Table Total for
PEO(1)
($)
(b)
  Compensation
Actually Paid to
PEO(2)
($)
(c)
  Table Total for
Non-PEO
Named
Executive
Officers(1)(2)
($)
(d)
  Actually Paid to
Non-PEO
Named
Executive
Officers(1)(2)
($)
(e)
  Total
Shareholder
Return(3)
($)
(f)
  Peer Group
Total
Shareholder
Return(3)
($)
(g)
  Net Income(4)
($)
(millions)
(h)
  Pre-Tax
Income(5)
($)
(millions)
(i)
2023   34,214,328   39,811,315   12,332,605   14,136,612   70   63   4,609   7,021
2022   9,606,387   7,613,922   5,087,831   3,861,941   57   48   1,318   3,619
2021   12,360,420   11,616,466   6,115,487   6,028,546   68   74   280   (3,144)
2020   13,134,012   3,817,481   4,254,247   1,507,079   69   76   (12,385)   (8,881)
  2023: Glen W. Hauenstein, Peter W. Carter, Daniel C. Janki and Michael L. Spanos
  2022: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter and Daniel C. Janki
  2021: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter, Daniel C. Janki, William C. Carroll and Garrett L. Chase
  2020: Glen W. Hauenstein, Peter W. Carter, Rahul D. Samant, William C. Carroll, Garrett L. Chase, Paul A. Jacobson and W. Gil West

 

(1) The PEO reflected in columns (b) and (c) is Edward H. Bastian for all years shown and the Other NEOs reflected in columns (d) and (e) represent the following individuals for each of the years shown:
  2023: Glen W. Hauenstein, Peter W. Carter, Daniel C. Janki and Michael L. Spanos
  2022: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter and Daniel C. Janki
  2021: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter, Daniel C. Janki, William C. Carroll and Garrett L. Chase
  2020: Glen W. Hauenstein, Peter W. Carter, Rahul D. Samant, William C. Carroll, Garrett L. Chase, Paul A. Jacobson and W. Gil West

 

(2) The table below describes the adjustments, each of which is required by SEC rules, to calculate the CAP amounts from the SCT Totals of our PEO (columns (b) and (c)) and the average CAP amounts from the average SCT Totals of the Other NEOs (columns (d) and (e)). The SCT Totals and CAP amounts do not reflect the actual amount of compensation earned by or paid to our named executive officers during the applicable years.

 

 

Adjustments   2023
($)
  PEO   Other NEOs Average
SCT Total   34,214,328   12,332,605
  (Deduct) aggregate change in actuarial present value included in SCT Total for covered fiscal year   -   -
  Add pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in covered fiscal year(a)   -   -
  (Deduct) aggregate value of stock awards and option awards included in SCT Total for covered fiscal year   (17,000,280)   (6,361,166)
  Add fair value at year-end of awards granted during covered fiscal year that are outstanding and unvested as of end of covered fiscal year   19,034,825   6,838,195
  Add/(Deduct) change in fair value as of end of covered fiscal year (from end of prior fiscal year) for awards granted in any prior fiscal year that are outstanding and unvested at end of covered fiscal year   2,517,287   883,540
  Add fair value at vesting date for awards that are granted and vested in the same year   -   -
  Add/(Deduct) change in fair value as of vesting date (from end of prior fiscal year) of awards granted in prior fiscal years that vested at end of or during covered fiscal year   918,050   398,617
  (Deduct) fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during covered fiscal year   -   -
  Add dividends or other earnings paid on awards in covered fiscal year if not otherwise included in SCT Total for covered fiscal year   127,105   44,821
CAP Amount    39,811,315   14,136,612
  (a) There is no added pension service cost for any of the years shown, as the benefits were frozen in 2005. None of the Other NEOs are eligible for pension benefits.

 

 

 

  2024 PROXY STATEMENT 57
(3) Amounts rounded to nearest whole dollar amount. The peer group used in this disclosure is the NYSE ARCA Airline Index, which is the same peer group used in Item 5 of our Form 10-K.
(4) Reflects after-tax net income attributable to shareholders prepared in accordance with GAAP for each of the years shown.
(5) Pre-Tax Income is the financial measure from the tabular list of Financial Performance Measures below that in Delta’s assessment represents the most important financial performance measure used by the company to link CAP for the named executive officers to Delta’s performance for the displayed years. This financial measure is also the measure used under our broad-based Profit Sharing Program, thereby aligning the interest of Delta management with our employees. Pre-Tax Income as used in this proxy statement is a non-GAAP financial measure. 
     
Company Selected Measure Name Pre-Tax Income      
Named Executive Officers, Footnote [Text Block]

 

(1) The PEO reflected in columns (b) and (c) is Edward H. Bastian for all years shown and the Other NEOs reflected in columns (d) and (e) represent the following individuals for each of the years shown:
  2023: Glen W. Hauenstein, Peter W. Carter, Daniel C. Janki and Michael L. Spanos
  2022: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter and Daniel C. Janki
  2021: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter, Daniel C. Janki, William C. Carroll and Garrett L. Chase
  2020: Glen W. Hauenstein, Peter W. Carter, Rahul D. Samant, William C. Carroll, Garrett L. Chase, Paul A. Jacobson and W. Gil West
     
Peer Group Issuers, Footnote [Text Block] Amounts rounded to nearest whole dollar amount. The peer group used in this disclosure is the NYSE ARCA Airline Index, which is the same peer group used in Item 5 of our Form 10-K.      
PEO Total Compensation Amount [1] $ 34,214,328 $ 9,606,387 $ 12,360,420 $ 13,134,012
PEO Actually Paid Compensation Amount [2] $ 39,811,315 7,613,922 11,616,466 3,817,481
Adjustment To PEO Compensation, Footnote [Text Block]

 

 

Adjustments   2023
($)
  PEO   Other NEOs Average
SCT Total   34,214,328   12,332,605
  (Deduct) aggregate change in actuarial present value included in SCT Total for covered fiscal year   -   -
  Add pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in covered fiscal year(a)   -   -
  (Deduct) aggregate value of stock awards and option awards included in SCT Total for covered fiscal year   (17,000,280)   (6,361,166)
  Add fair value at year-end of awards granted during covered fiscal year that are outstanding and unvested as of end of covered fiscal year   19,034,825   6,838,195
  Add/(Deduct) change in fair value as of end of covered fiscal year (from end of prior fiscal year) for awards granted in any prior fiscal year that are outstanding and unvested at end of covered fiscal year   2,517,287   883,540
  Add fair value at vesting date for awards that are granted and vested in the same year   -   -
  Add/(Deduct) change in fair value as of vesting date (from end of prior fiscal year) of awards granted in prior fiscal years that vested at end of or during covered fiscal year   918,050   398,617
  (Deduct) fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during covered fiscal year   -   -
  Add dividends or other earnings paid on awards in covered fiscal year if not otherwise included in SCT Total for covered fiscal year   127,105   44,821
CAP Amount    39,811,315   14,136,612
  (a) There is no added pension service cost for any of the years shown, as the benefits were frozen in 2005. None of the Other NEOs are eligible for pension benefits.

 

     
Non-PEO NEO Average Total Compensation Amount [1],[2] $ 12,332,605 5,087,831 6,115,487 4,254,247
Non-PEO NEO Average Compensation Actually Paid Amount [1],[2] $ 14,136,612 3,861,941 6,028,546 1,507,079
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

Adjustments   2023
($)
  PEO   Other NEOs Average
SCT Total   34,214,328   12,332,605
  (Deduct) aggregate change in actuarial present value included in SCT Total for covered fiscal year   -   -
  Add pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in covered fiscal year(a)   -   -
  (Deduct) aggregate value of stock awards and option awards included in SCT Total for covered fiscal year   (17,000,280)   (6,361,166)
  Add fair value at year-end of awards granted during covered fiscal year that are outstanding and unvested as of end of covered fiscal year   19,034,825   6,838,195
  Add/(Deduct) change in fair value as of end of covered fiscal year (from end of prior fiscal year) for awards granted in any prior fiscal year that are outstanding and unvested at end of covered fiscal year   2,517,287   883,540
  Add fair value at vesting date for awards that are granted and vested in the same year   -   -
  Add/(Deduct) change in fair value as of vesting date (from end of prior fiscal year) of awards granted in prior fiscal years that vested at end of or during covered fiscal year   918,050   398,617
  (Deduct) fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during covered fiscal year   -   -
  Add dividends or other earnings paid on awards in covered fiscal year if not otherwise included in SCT Total for covered fiscal year   127,105   44,821
CAP Amount    39,811,315   14,136,612
  (a) There is no added pension service cost for any of the years shown, as the benefits were frozen in 2005. None of the Other NEOs are eligible for pension benefits.
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
CAP vs. Company/Peer Group Total Shareholder Return 

 

     
Compensation Actually Paid vs. Net Income [Text Block]
CAP vs. GAAP Net Income 

 

     
Compensation Actually Paid vs. Company Selected Measure [Text Block]
CAP vs. Pre-Tax Income (non-GAAP) 

 

     
Tabular List [Table Text Block]

Most Important Financial Performance Measures 

 

The list below represents, in Delta’s assessment, the most important performance measures used to link CAP for the named executive officers to company performance for 2023. For further information regarding these financial performance measures and their function in Delta’s executive compensation program, see “Compensation Discussion and Analysis—Elements of Compensation—Performance Measure Selection” beginning on page 35.

 

Financial Performance Measures
Cumulative Free Cash Flow (non-GAAP)
Pre-Tax Income (non-GAAP) (Company-Selected Measure)
Total Revenue Per Available Seat Mile (TRASM) (non-GAAP)
     
Total Shareholder Return Amount [3] $ 70 57 68 69
Peer Group Total Shareholder Return Amount [3] 63 48 74 76
Net Income (Loss) Attributable to Parent [4] $ 4,609,000,000 $ 1,318,000,000 $ 280,000,000 $ (12,385,000,000)
Company Selected Measure Amount [5] 7,021,000,000 3,619,000,000 (3,144,000,000) (8,881,000,000)
PEO Name Edward H. Bastian Edward H. Bastian Edward H. Bastian Edward H. Bastian
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name Cumulative Free Cash Flow (non-GAAP)      
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name Pre-Tax Income (non-GAAP) (Company-Selected Measure)      
Measure [Axis]: 3        
Pay vs Performance Disclosure [Table]        
Measure Name Total Revenue Per Available Seat Mile (TRASM) (non-GAAP)      
PEO [Member] | (Deduct) aggregate change in actuarial present value included in SCT Total for covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
PEO [Member] | Add pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in covered fiscal year(a)        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [6]      
PEO [Member] | (Deduct) aggregate value of stock awards and option awards included in SCT Total for covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (17,000,280)      
PEO [Member] | Add fair value at year-end of awards granted during covered fiscal year that are outstanding and unvested as of end of covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 19,034,825      
PEO [Member] | Add/(Deduct) change in fair value as of end of covered fiscal year (from end of prior fiscal year) for awards granted in any prior fiscal year that are outstanding and unvested at end of covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 2,517,287      
PEO [Member] | Add fair value at vesting date for awards that are granted and vested in the same year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
PEO [Member] | Add/(Deduct) change in fair value as of vesting date (from end of prior fiscal year) of awards granted in prior fiscal years that vested at end of or during covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 918,050      
PEO [Member] | (Deduct) fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
PEO [Member] | Add dividends or other earnings paid on awards in covered fiscal year if not otherwise included in SCT Total for covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 127,105      
Non-PEO NEO [Member] | (Deduct) aggregate change in actuarial present value included in SCT Total for covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
Non-PEO NEO [Member] | Add pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in covered fiscal year(a)        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [6]      
Non-PEO NEO [Member] | (Deduct) aggregate value of stock awards and option awards included in SCT Total for covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (6,361,166)      
Non-PEO NEO [Member] | Add fair value at year-end of awards granted during covered fiscal year that are outstanding and unvested as of end of covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 6,838,195      
Non-PEO NEO [Member] | Add/(Deduct) change in fair value as of end of covered fiscal year (from end of prior fiscal year) for awards granted in any prior fiscal year that are outstanding and unvested at end of covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 883,540      
Non-PEO NEO [Member] | Add fair value at vesting date for awards that are granted and vested in the same year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
Non-PEO NEO [Member] | Add/(Deduct) change in fair value as of vesting date (from end of prior fiscal year) of awards granted in prior fiscal years that vested at end of or during covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 398,617      
Non-PEO NEO [Member] | (Deduct) fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
Non-PEO NEO [Member] | Add dividends or other earnings paid on awards in covered fiscal year if not otherwise included in SCT Total for covered fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ 44,821      
[1] The PEO reflected in columns (b) and (c) is Edward H. Bastian for all years shown and the Other NEOs reflected in columns (d) and (e) represent the following individuals for each of the years shown:
[2] The table below describes the adjustments, each of which is required by SEC rules, to calculate the CAP amounts from the SCT Totals of our PEO (columns (b) and (c)) and the average CAP amounts from the average SCT Totals of the Other NEOs (columns (d) and (e)). The SCT Totals and CAP amounts do not reflect the actual amount of compensation earned by or paid to our named executive officers during the applicable years.
[3] Amounts rounded to nearest whole dollar amount. The peer group used in this disclosure is the NYSE ARCA Airline Index, which is the same peer group used in Item 5 of our Form 10-K.
[4] Reflects after-tax net income attributable to shareholders prepared in accordance with GAAP for each of the years shown.
[5] Pre-Tax Income is the financial measure from the tabular list of Financial Performance Measures below that in Delta’s assessment represents the most important financial performance measure used by the company to link CAP for the named executive officers to Delta’s performance for the displayed years. This financial measure is also the measure used under our broad-based Profit Sharing Program, thereby aligning the interest of Delta management with our employees. Pre-Tax Income as used in this proxy statement is a non-GAAP financial measure. 
[6] There is no added pension service cost for any of the years shown, as the benefits were frozen in 2005. None of the Other NEOs are eligible for pension benefits.