Delta Air Lines (DAL) Offers Outlook Update Ahead; Sees 50% Dividend Increase in 2016

Delta Air Lines (NYSE: DAL) will present at the Bank of America Merrill Lynch 2016 Transportation Conference at 8:40 a.m. ET on Tuesday, May 17, 2016.

The company offered the following updates on Monday ahead of an analyst presentation.

Delta expects:

-- to remove about 1 points of planned capacity growth for Q416
-- overall capacity growth to slow to below 2% in H216
-- 2016 - 18 operating margins of 17% - 19%
-- 2016 - 18 EPS growth of 15%+
-- 2016 - 18 ROIC of 25%+
-- over $8 billion of operating cash annually
-- adjusted net debt of $4 billion by 2020
-- an 80% pension funded status by 2020
-- increase its annual dividend fro $0.54 to $0.81 this year
-- to complete $5 billion in stock buybacks by May 2017

The presentation is embedded below:

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