CODE OF
ETHICS
& BUSINESS CONDUCT
Our culture is our most important asset. We all have a responsibility to protect and
preserve it. You play a key role in maintaining Delta’s reputation as a safe, reliable
airline built on a foundation of trust and integrity. This Code of Ethics and Business
Conduct will help you better understand your role in protecting Delta’s values,
culture, and reputation.
TABLE OF CONTENTS
ABOUT THE CODE
• Ethics and Compliance Are Non-Negotiable
• Does the Code Explain All the Standards I Need to Know?
• Who Should Read and Understand This Code?
• What Does the Code Require of Me?
• Ask Questions and Raise Concerns: The Importance of Speaking Up
• Where to Go for Help or to Make a Report
• The Delta Safety, Ethics and Compliance HelpLine
• Investigating Reports
• Retaliation Will Not Be Tolerated
SAFETY AND COMPLIANCE
PROFESSIONALISM AND RESPECT
• Working at Delta
• Working Outside of Delta
OPERATIONAL EXCELLENCE
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
• Preventing Booking and Ticketing Fraud and Abuse
• Complete and Accurate Books and Records
• Information Security Policy and Information Security Standards
• Cooperating with Investigations and Litigation
• Acting with Integrity Means Obeying the Law
• Advertising and Promoting Our Services
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II
III
IV
V
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
• Anti-Bribery and Anti-Corruption
• Antitrust and Competition
• U.S. Embargoes, Economic Sanctions, and
Anti-Boycott Laws and Regulations
• Gathering Information About Competitors
• Copyrights and Other Intellectual Property
• Insider Trading
• Political Activity
• Acting with Integrity Means Avoiding Conflicts of Interest
• Acting with Integrity in Handling Gifts, Meals, and Entertainment
THE DELTA BRAND
THE DELTA BRAND IS A GLOBAL BRAND
• We Are Committed to Being a Responsible Global Citizen
V
VI
VII
ETHICS AND COMPLIANCE ARE NON-NEGOTIABLE
Delta conducts its business ethically and in compliance with law. This
non-negotiable policy is critical to maintain Delta’s high level of performance as
well as our well-earned reputation for excellence and integrity.
We run our business using the following as our primary guides:
• Rules of the Road, which is our foundation and outlines our core values,
principles and expectations of modeling leadership at every level of
the Company
• The Way We Fly, which outlines our basic expectations of each other
as employees
• This document, Delta’s Code of Ethics and Business Conduct, which
defi nes how we conduct business around the world
• Our annual Flight Plan, which sets out our corporate goals for the year
These documents describe and reinforce the fundamental values and basic behaviors
required of all of us and also what we can expect of Delta in return – including a
commitment to our long-standing Open Door Policy.
The Delta Code of Ethics and Business Conduct is based on our core values refl ected
in the Rules of the Road, and, together with The Way We Fly, provides us and our
business partners with our standards of business conduct and key compliance
policies that apply to our interactions with each other as employees, our customers,
and our business partners around the world. The Code is organized and informed
by the same principles that guide The Way We Fly: Safety and Compliance;
ABOUT THE CODE
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1
Professionalism and Respect; Operational Excellence; Acting with Integrity and
Protecting Our Assets; and the Delta Brand.
DOES THE CODE EXPLAIN ALL THE STANDARDS I NEED TO KNOW?
The Code is an important reference, but it cannot describe every law and Delta
standard that applies to your work. Your obligation to conduct yourself in accordance
with the Code includes your obligation to comply with The Rules of the Road,
The Way We Fly, and the policies and standards provided in
department-specific communications.
WHO SHOULD READ AND UNDERSTAND THIS CODE?
All employees of Delta must read, understand, and follow this Code. Outside agents
and independent contractors of Delta worldwide, as well as employees of Delta
subsidiaries, must do so as well when performing work for Delta. References to “you,”
“employees,” or “we” in the Code are meant to include all members of these groups.
WHAT DOES THE CODE REQUIRE OF ME?
It is part of your job to understand and follow the Code. You also must report
violations or suspected violations of these requirements. Delta will take appropriate
disciplinary action, up to and including termination, against people who engage in
conduct that is contrary to the Code.
Supervisors have a responsibility to help employees understand and comply with
the Code by:
• Fostering an open and supportive environment where employees feel
comfortable asking questions and raising concerns
• Leading by example
• Monitoring employee compliance and taking prompt action to
address noncompliance
Managers must never engage in or tolerate retaliation against someone who raises a
concern or makes a good faith report about an ethics and compliance issue.
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ABOUT THE CODE
THE GUT CHECK: YOUR KEY TO ETHICAL DECISION MAKING
Know what is right and do what is right. Exercise good judgment and avoid even
the appearance of improper behavior. If you are ever in doubt about a course of
conduct, give yourself a “gut check.” Ask yourself:
• Would I be comfortable telling my friends, family, and coworkers what
I did?
• Would I want to hear about my actions on the evening news or read about
them online or in the newspaper?
• Does it show respect for our employees, shareowners, customers,
business partners, and communities we serve?
• Would I feel right if a coworker, vendor, business partner, or other
stakeholder acted this way toward me?
• Will it reflect well on me and the Company?
• Is it consistent with the Code, Rules of the Road, The Way We Fly, and
our values?
• Is it legal?
If the answer to any of these questions is “No,” don’t do it.
ASK QUESTIONS AND RAISE CONCERNS: THE IMPORTANCE OF SPEAKING UP
It’s part of your job to uphold Delta’s standards. If you observe behavior that may be
a violation of the Code or our values, you must speak up. Speaking up allows Delta
to address the issue. Don’t assume someone else will report a problem. If you fail to
report Code violations, you put yourself, your coworkers, and the Company at risk.
WHERE TO GO FOR HELP OR TO MAKE A REPORT
You can find the most current version of this Code; the Rules of the Road; The Way
We Fly; Delta’s online ethics and compliance training course; ethics and compliance
news; messages from our executives on safety, ethics and compliance; and other
ethics and compliance resources on Deltanet.
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If you have questions about the Code, need advice about business ethics or
compliance issues, or need to report a concern, including unsafe conditions,
workplace hazards, or security concerns, there are a number of resources available
to you:
• Your supervisor - the best person to talk to in most cases
• Your Human Resources representative for HR concerns or policy guidance
and interpretation
• The specific department identified in the relevant section of this Code
• The Law Department for Company-related legal questions, Code advice and
interpretation, or to report violations of Company policy or the law
• The Delta Safety, Ethics and Compliance HelpLine
You are encouraged to go to your supervisor first. If a situation involves your
supervisor, you may contact his or her supervisor, your HR representative, or the
Law Department. For situations that involve a Delta ocer or member of our Board
of Directors, you should contact the Chief Legal Ocer. In all cases, you may use the
Delta Safety, Ethics and Compliance HelpLine.
THE DELTA SAFETY, ETHICS AND COMPLIANCE HELPLINE
If you are uncomfortable raising a safety, ethics, or compliance concern directly
with your supervisor, your HR representative, or other Company management, the
Delta Safety, Ethics and Compliance HelpLine (the HelpLine) is available to you toll-
free, 24 hours a day, 7 days a week by calling 1-800-253-7879 within the U.S. and
Canada. For international toll-free telephone numbers, please check the Ethics and
Compliance section of Deltanet. You may also report your concerns online at
https://iwf.tnwgrc.com/delta.
Reports to the HelpLine are answered by an independent company that helps
businesses respond to concerns about unethical and illegal acts.
ABOUT THE CODE
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The HelpLine makes every eort to respond quickly. If an investigation is necessary,
Delta will look into the issue promptly and, if appropriate, take corrective action.
In certain countries, there are restrictions on how you may use the HelpLine. For a list
of countries with reporting limitations, please check Reporting Limitations by Country
in the Ethics and Compliance section of Deltanet. The HelpLine has procedures to
accept anonymous reporting where allowed under local law.
INVESTIGATING REPORTS
We handle all ethics and compliance concerns, including those reported through the
HelpLine, as discreetly and confidentially as possible, consistent with the need to
conduct a reasonable investigation in compliance with applicable laws. Employees
and others acting on the Company’s behalf are expected to fully cooperate in any
Company investigation.
RETALIATION WILL NOT BE TOLERATED
Delta does not tolerate retaliation of any kind for raising concerns or making a report
in good faith about a safety, ethics, or compliance issue. “Good faith” does not require
that the concern or suspicion you report be correct. It means that you reasonably
believe it is true. Delta will take appropriate disciplinary action, up to and including
termination, against individuals engaging in retaliation. If you suspect that you or
someone you know has been retaliated against, you should report it immediately.
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The safety of our customers and fellow employees is our highest priority. Not only do
we comply with all applicable safety-related requirements, but since safety is a core
value at Delta, we have adopted safety rules
and procedures that go beyond what the law
requires. You must review and understand
the Safety and Compliance section of The
Way We Fly, which describes Delta’s policies
regarding safety, including:
• Your responsibility for safety
• Coming to work fi t for duty
• Health, safety, and security are
not negotiable
• Violence, threats, and weapons
are not tolerated
• Drugs, alcohol, and tobacco
• Minimizing our environmental footprint
SAFETY AND COMPLIANCE
II
“Put safety fi rst – always.”
“We do not tolerate violence or
threats of violence against one
another, our customers, aircraft, or
other people or property.”
“…[Y]ou are responsible for
knowing and complying with the
environmental laws and policies
that pertain to your work.”
- The Way We Fly
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DRUGS, ALCOHOL, AND OTHER SUBSTANCES
The Way We Fly sets out Delta’s policies regarding drugs (legal and illegal),
alcohol, and other substances. This policy is a critical part of Delta’s commitment
to safety. You must not engage in any activity involving illegal drugs. Further, you
alone are responsible for anything you ingest or consume, including prescription
and over-the-counter medication, herbs, alcohol, or any other substance, and the
impact they have on your work. If you are in doubt about how your performance
might be adversely impacted by medication, you should check the Air Crew and
Passenger Health Services section of Deltanet for additional information.
More Information...
If you have even the slightest concern about safety or environmentally
hazardous conditions, it is essential that you let your supervisor know or call
the HelpLine at 1-800-253-7879 within the U.S. and Canada. For international
toll-free telephone numbers, please check the Ethics and Compliance section
of Deltanet. You may also report your concerns online at
https://iwf.tnwgrc.com/delta.
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As a global airline, Delta’s employees refl ect the diversity of cultures we serve around
the world. We are enriched by that diversity, and we always strive to treat each
other with professionalism and respect. The
Way We Fly describes policies that support
professionalism and respect as cornerstones
of our work life. These policies include:
• Valuing diversity
• No tolerance for discrimination
• No tolerance for harassment, bullying,
or other forms of intimidation
• Keeping an open door
WORKING AT DELTA
Professionalism and respect at Delta are also supported by key policies set out in
The Way We Fly regarding working at Delta, including the at-will nature of your
employment; family and other relationships at work; accommodations for physical
and mental impairment or religious beliefs and practices; and your use of Delta
computers, data, and other equipment and property.
PROFESSIONALISM AND RESPECT
III
“We are an equal opportunity
employer, committed to a
workplace free
from discrimination.”
“At Delta, we are committed to
creating a great place to work by
maintaining an Open Door Policy.”
- The Way We Fly
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RESPECTING EMPLOYEE CONFIDENTIALITY
Delta believes in respecting the confidentiality of employees’ personal
information. Access to personal records is limited to those who have appropriate
authorization and a business need for that information. Delta employees who
have access to personal information must adhere to the highest standards of
confidentiality regarding their use of personal information.
Never provide personal employee information to anyone outside of Delta without
proper authorization.
Recording conversations or communications in the workplace is not permitted,
except as part of a quality assurance program which is fully disclosed to
all participants or as part of internal investigations by authorized Delta
representatives.
ADDITIONAL INFORMATION ABOUT SEXUAL HARASSMENT
Sexual harassment can occur in a variety of forms. It may include unwelcome
sexual advances, requests for sexual favors, or verbal remarks or physical conduct
of an intimate or sexual nature, such as uninvited touching or sexually suggestive
comments, that interfere with another person’s work performance or that create
an intimidating, hostile, or oensive working environment.
Whatever the form of harassment, Delta takes it very seriously. Harassment
simply has no place in our Company and may result in corrective action, up to and
including termination. If you have a complaint of harassment, Delta will investigate
it promptly.
WORKING OUTSIDE OF DELTA
The Way We Fly also addresses working outside of Delta and the conflicts of interest
that may arise when you do so. See the Conflicts of Interest section of this Code for
more information.
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Operational excellence is our competitive edge, and it depends on each of us doing
our best every day. The Way We Fly includes policies designed to protect our
operations by requiring your regular and
timely attendance, and your attention to your
duties without outside distractions.
A key element of operational excellence is
putting the customer fi rst. The Way We Fly
requires that each of us comply with Delta’s
policies to:
• Treat customers fairly and respectfully
• Accommodate customers with disabilities
• Protect customer property
• Protect customer privacy
OPERATIONAL EXCELLENCE
IV
“Serving customers is the reason
we are in business.”
“Delta has an uncompromising
policy to never discriminate against
any customer….”
“Our customers entrust us with
their valuables every day, and we
have an obligation to be worthy of
that trust.”
- The Way We Fly
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THEFT OF CUSTOMER PROPERTY
We have zero tolerance for theft, attempted theft, or unauthorized possession of
customer property. If you find misplaced customer property, let your supervisor
know and follow your division’s lost and found policy.
More Information...
Customer information, including travel plans, should not be used except as
authorized to do Delta business. You must not under any circumstances share
or post customer information on any social media platforms, blogs, or websites.
For more information on protecting customer privacy, please see the
CyberSecurity section of Deltanet. You can also review Delta’s privacy policy
on Delta.com.
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When C.E. Woolman founded Delta in 1928, he built it on a foundation of trust and
integrity. Our customers, employees, shareowners, business partners, regulators,
and the communities we serve trust us to
deliver safe, high-quality service and to deal
with them fairly, honestly, and with integrity.
Our culture of honesty and integrity is what
that trust is built on. The Way We Fly refl ects
our culture, requiring that all of us:
• Be good stewards of company resources
• Keep accurate and honest records
• Protect our computer and network security
• Cooperate in company and
government investigations
PREVENTING BOOKING AND TICKETING FRAUD AND ABUSE
As airline employees, an important way to be good stewards of our fi nancial
resources is to prevent booking and ticketing fraud and abuse. As provided in The
Way We Fly, you must never improperly sell tickets with fares that are not applicable
to the fl ights booked, sell vouchers, SkyMiles, or other travel benefi ts.
Delta’s Revenue Protection Unit (RPU) was created to investigate and prevent this
fraud and abuse by ensuring compliance with Delta’s policies and procedures.
ACT WITH INTEGRITY AND PROTECT
OUR ASSETS
V
“Delta’s reputation is completely
in our hands, to be enhanced or
damaged by our own statements
and actions.”
“[P]rotect Delta’s funds as you
would your own….”
“Our credibility is measured in
many ways – including by the
integrity of our records.”
- The Way We Fly
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THEFT OF COMPANY PROPERTY
We strictly prohibit the theft, attempted theft, or unauthorized possession of any
property, money, or other assets belonging to the Company, a colleague, or any
other person. If you submit a false time card or business expense report, or allow
unauthorized use of your travel privileges, you are stealing money from
the Company.
If you suspect ticketing fraud or abuse, you must report it. You may report it to RPU
anonymously by using the online tip form or by calling 404-773-5315. You can also
report suspicious activity to the HelpLine.
COMPLETE AND ACCURATE BOOKS AND RECORDS
Keeping complete and accurate books and records of our transactions and financial
aairs is required by law. Every employee must help ensure that reporting of
business information is accurate, honest, and timely. This includes time sheets, travel
reimbursements, bills, payroll and benefits records, regulatory data, performance
evaluations, and other essential Company information, whether the information is
contained in a computer file or on paper.
All Employees Must:
• Follow all laws and Company procedures for reporting financial information
• Never deliberately make a false or misleading entry in a report or record
• Never suppress, alter, or destroy Company records without authorization
• Never provide false or misleading information to anyone within the Company,
or direct or permit an employee to provide such information
• Never provide false or misleading information to any third party, including the
Company’s auditors
• Never sell, transfer, or dispose of Company assets without proper
documentation and authorization, which includes bartering of goods
and services
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ACT WITH INTEGRITY AND PROTECT OUR ASSETS
INFORMATION SECURITY POLICY AND INFORMATION SECURITY STANDARDS
In addition to the information security requirements in The Way We Fly, Delta’s
Information Security Policy and Information Security Standards provide the computer
and network security best practices employees must know and follow, including
the following:
• Do not email your username or password to others. Delta will never request
this information from you in an email.
• Do not open suspicious attachments.
• Do not load unauthorized software on your Delta computer or click “yes”
or “accept” on any “shrink-wrap,” “click-through,” “browse-wrap,” or similar
license forms contained within or associated with software without your
supervisor’s approval.
• Wireless networks are to be considered inherently unsecure and as such, use
for confidential business purposes should be limited and appropriate controls
must be employed.
• All entry points into Delta networks, including your mobile device, must be
protected from unauthorized access.
• The addition or installation of any hardware or software with network
monitoring capability is prohibited.
• Use sensitive, proprietary, and confidential information only for legitimate
Company purposes, and never for your personal benefit or in any
inappropriate way. This obligation continues even after your employment
with the Company ends.
• Stay up-to-date with your privacy online training.
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DELTA’S PROPRIETARY INFORMATION
We all have a duty to keep proprietary information confidential and protect it
from disclosure.
Examples of Delta’s proprietary information include:
• Customer, sales, marketing, and other corporate databases
• Marketing plans
• Employee personnel records
• Research and technical data
• Business ideas, processes, proposals, or strategies
• Intellectual property, such as actual or potential patents, copyrights,
or trademarks
• Computer software or code
Before disclosing any proprietary information to third parties, you should be
familiar with Delta’s Information Security Policy and Information Security
Standards and contact CyberSecurity Governance or the Law Department.
If you become aware of suspicious activity, improper disclosure or theft of Company
data, or other network security issues, immediately contact the I.T. HelpDesk,
CyberSecurity, or the HelpLine.
COOPERATING WITH INVESTIGATIONS AND LITIGATION
You may come into contact with government ocials responsible for enforcing the
law. You must deal honestly with all government ocials. As made clear in The Way
We Fly, our policy is to cooperate with government investigations, consistent with our
legal right to defend the Company and its employees.
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You may also be asked by the Company for information in connection with
investigations the Company initiates on its own. As with a government or law
enforcement investigation, you must cooperate with Delta internal investigations,
and be honest with Delta and its representatives. Your lack of cooperation is grounds
for your termination.
If you receive a subpoena, letter, phone call, personal visit, or other request from the
government or law enforcement that relates in any way to Delta, do the following:
• Contact the Law Department immediately.
• Preserve all physical and electronic documents that may in any way be
related to the subject of the investigation. This is very important. Do not
destroy, discard, or alter any such material. Failure to properly preserve the
relevant materials may expose you or the Company to prosecution for
obstruction of justice.
• In consultation with the Law Department, conduct a thorough search of all
documents and other potentially relevant materials in your control in order
to make a good-faith response to the request.
Our Company may also be involved in lawsuits with people or businesses. If you
receive a summons, subpoena, or other notice of a lawsuit, immediately contact the
Law Department and provide them with the documents you have received.
If you are sent a Litigation Hold by the Law Department, it is because you have been
identified as someone who may have information or documents relevant to a lawsuit,
an investigation, or government enforcement action. You must follow the instructions
in the Litigation Hold. You are expected to fully cooperate with the Law Department
and other individuals responsible for representing the Company’s interest. In
addition, if you are the subject of an inquiry or investigation by law enforcement
or a government agency that relates in any way to your role, responsibility, or
performance of your duties at Delta, you must immediately notify Delta of the inquiry
or investigation by reporting it to your leader, your HR representative, or the
Law Department.
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
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HONESTY
Basic honesty is a requirement of your relationship with Delta. You must be honest
in your work. You must not be untruthful with, or mislead, or attempt to mislead,
the government, your co-workers, your managers, or anyone at Delta about any
aspect of your activities at Delta or about any matter relevant to your employment
with the Company. Anything less than complete honesty will lead to appropriate
disciplinary action, up to and including termination of your employment.
ACTING WITH INTEGRITY MEANS OBEYING THE LAW
Acting with integrity includes acting in compliance with the law. Always. When any
employee fails to comply with the law, or fails to bring a compliance issue to Delta’s
attention, Delta’s business and reputation are on the line.
As a global company, we are subject to the laws of many dierent countries, and
many U.S. laws apply to our operations outside the U.S. While our legal obligations
may be complex, we are each responsible for following all applicable laws. If you have
any questions or concerns about whether conduct is legal, you should contact the
Law Department.
The following sections of the Code focus on only a few of the laws that apply to
Delta’s business activities.
ADVERTISING AND PROMOTING OUR SERVICES
To help ensure the ongoing trust of our customers, our marketing, advertising, and
sales activities must be accurate and honest. Deceptive advertising, promotional, or
business activity is prohibited by state, federal, and local law and regulations.
There are complex regulations that apply to marketing and promotional activities in
our industry. All advertising and promotions must be approved by Marketing and the
Law Department.
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ACT WITH INTEGRITY AND PROTECT OUR ASSETS
ANTI-BRIBERY AND ANTI-CORRUPTION
Delta does not oer bribes, kickbacks, or other similar payments, regardless of local
practice or customs. Bribery is illegal in most places and it is a violation of Delta’s
values. Special attention should be given to
interactions with government ocials. For
example, our Foreign Anti-Corruption and
Anti-Bribery Compliance Policy prohibits
bribes to government ocials, anywhere in
the world, for any reason. This rule applies
to Delta employees, our subsidiaries and
their employees, as well as Delta agents and
representatives worldwide.
Under no circumstances should you give
a gift, payment, or other thing of value to
a foreign or domestic government ocial
(or an ocial’s family member) to secure a
benefit for Delta. This prohibition includes
providing flight benefits, such as free tickets
or upgrades, if the individual would not
otherwise qualify for them as a
Delta passenger.
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Who are Government Ocials?
• Employees of government
agencies, such as aviation
regulatory or airport ocials,
tax and customs inspectors,
and police ocers
• Employees of government-
owned or controlled companies
or organizations
• Political party ocials,
candidates, and oce holders
• Persons acting on behalf of
a government agency such as
consultants or contractors
The following actions require pre-approval by the Law Department:
• Giving gifts to government employees or ocials
• Giving free or reduced-fare travel, upgrades, or buddy passes to a government
ocial or an ocial’s family member, including “familiarization” trips to
promote Delta’s brand
• Employment of a government ocial or an ocial’s family member
• Doing business with companies owned or recommended by a government
ocial or an ocial’s family member
• Corporate contributions to political parties or candidates
• Corporate charitable contributions to charities recommended or favored by
a government ocial
• Facilitation payments to expedite or secure the performance of a routine
governmental action
Never “look the other way” when you have reason to believe there might be a
violation of these policies or laws. Promptly report to the Law Department any
solicitation of improper payments, free or reduced-fare travel or buddy passes,
information, or benefits by a government ocial.
More Information...
See Delta’s Foreign Anti-Corruption and Anti-Bribery Compliance Policy
on Deltanet.
ANTI-TRUST AND COMPETITION
Antitrust laws are designed to preserve fair and open competition in our free market
economy. It is Delta’s policy to fully comply with antitrust and other competition laws
in the countries where we do business.
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ACT WITH INTEGRITY AND PROTECT OUR ASSETS
Violating antitrust laws exposes Delta and individual employees to severe criminal
fines, high damages awards, and even jail terms for individuals. U.S. antitrust laws
(and laws of many foreign countries) prohibit airlines from reaching agreements with
competitors that result in an unreasonable restraint of trade, such as agreements to
fix prices or allocate markets.
Antitrust laws are complex and compliance requirements can vary depending on the
circumstances. But in general, the following activities should always be discussed
with the Law Department:
• Any agreement with a competitor or an exclusive dealing arrangement
• Joint ventures and marketing, purchasing, or similar collaborative
arrangements with competitors
• Exclusive dealing arrangements (for example: contracts that require a
company to buy only from Delta)
Certain agreements almost always violate antitrust laws. Never agree with a
competitor to:
• Fix fares, prices, other terms of sale, or commission rates. For example,
Delta must not agree with another carrier to charge the same fares, travel
agent commissions, or fees for baggage.
• Allocate or divide up customers or markets we serve. For example, Delta
must not agree that it will serve one city pair in exchange for an agreement
that a competitor will serve a dierent city pair.
• Rig a competitive bidding process. For example, Delta must not agree with
another carrier on the fares or city pairs that it will include in a government
contract bid.
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Since even the appearance of an agreement with competitors can result in antitrust
litigation, you should avoid discussions with any competitor regarding prices, terms of
sale, entry into or exit from any markets, customers, competitive bidding processes,
or similar matters. If you are a senior leader, or you work in the Company’s pricing
and revenue management or scheduling areas, you should not interact with our
competitors without first obtaining guidance from the Law Department.
U.S. EMBARGOES, ECONOMIC SANCTIONS, AND ANTI-BOYCOTT LAWS
AND REGULATIONS
The U.S government maintains economic sanctions that prohibit Delta from providing
services and engaging in commercial and financial transactions with certain countries
and entities (including air carriers). Delta’s operations worldwide must comply with
all U.S. economic sanctions programs. Prohibited transactions can include booking
and ticketing activity and cargo transport to and from certain countries. Entering
into business transactions with designated individuals or businesses listed on U.S.
government sanctions lists is prohibited.
The U.S. government also has laws and regulations designed to prevent U.S. persons
and companies from participating in any boycott that the government has not
approved, such as the Arab League embargo of Israel. Business units should consult
with the Law Department if there is any indication that a boycott is occurring or will
occur. You are responsible for knowing the sanctions that apply to your work within
the Company, and the Law Department can provide appropriate guidance.
More Information...
Trade sanction laws change frequently and are complex. Business units should
consult with the Law Department for updates and guidance. A list of countries
with economic sanctions can be found in the Ethics and Compliance section
of Deltanet.
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ACT WITH INTEGRITY AND PROTECT OUR ASSETS
GATHERING INFORMATION ABOUT COMPETITORS
It is good business to learn about our competitors and their services. But Delta
is committed to competing fairly and avoiding even the appearance of improper
corporate intelligence gathering eorts. Gathering publicly available information
and using it in our business is generally OK. We are free to gather information about
competitors from public sources (like published articles, advertisements, brochures,
the Internet, and customers). We must never obtain competitor information through
the use of unlawful or unethical means (like misrepresentation, deception, theft,
spying, bribery, or unauthorized disclosures by a competitor’s employees
or consultants).
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COPYRIGHTS AND OTHER INTELLECTUAL PROPERTY
Delta respects the proprietary and confidential information of others. This includes
written materials, software, music, video, and other intellectual property. Here are
some basic rules to follow:
• Do not bring to Delta any confidential information, including computer
records, from prior employers.
• Do not load any unlicensed software on any Delta-owned computer.
• Do not accept or use anyone else’s confidential information except under an
agreement approved by the Law Department.
• Do not reproduce and distribute copyrighted documents or materials without
specific permission from the copyright owner. Consult the Law Department
for additional guidance concerning the use of copyrighted materials.
• Do not use any copyrighted materials such as reports, software, music,
or videos in materials you are producing without consulting with the Law
Department. Delta has corporate licensing agreements and will obtain the
necessary authorizations.
• Do not infringe any entity’s patent. If you are involved in web development
or developing other technology for the Company, you should contact Supply
Chain Management and the Law Department with any concerns about
potential patent infringement or use of patented technologies.
• Do not use anyone’s trademarked slogan, logo, name, or image
without permission.
• Do not assume pictures on Google Images or elsewhere on the Internet are
free for use. Pictures often are protected under a license.
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ACT WITH INTEGRITY AND PROTECT OUR ASSETS
INSIDER TRADING
You must not trade Delta stock while you have material inside information about
Delta. You also must not provide material inside information to others (tipping). If you
buy or sell stock while you have material inside information or tip others, you - and
anyone you tipped who buys or sells stock while having material inside information,
including family members or others living in your household – may be charged with a
crime and sued in a civil lawsuit.
What is material inside information?
In general, material inside information is information not publicly disclosed that
would influence a reasonable investor’s decision to buy, hold, or sell Delta stock.
Some examples of material information include:
• Historical or projected financial results, including material increases and
decreases in quarterly revenues, earnings, or key performance metrics
• Significant merger, divestiture, or acquisition plans or important
strategic transactions
• Entry into or termination of significant contracts
• Anticipated equity or debt oerings
• Significant litigation or regulatory exposure
While you have material inside information about Delta, you cannot legally:
• Buy or sell Delta stock, or any derivative of Delta’s stock (such as exchange
traded options on Delta stock)
• Exercise employee stock options if the exercise involves a market transaction
(such as selling a portion of the shares to pay the exercise price or
associated taxes)
• Communicate the inside information to others (“tipping”)
24
INVESTOR RELATIONS AND THE MEDIA
It is important that our public communications are clear, consistent, and
responsible. Laws regarding trading in securities and how information aects
reporting and other obligations are complex. For this reason, only authorized
persons can talk to the media or members of the investment community on behalf
of Delta.
You must never provide special or “favored” information to any outsider. Inquiries
from members of the investment community must be forwarded to the Investor
Relations Department. Media inquiries must be forwarded to the Corporate
Communications Department.
Certain Transactions Are Always Prohibited
Because some short-term or highly-leveraged transactions can create the appearance
of insider trading, Delta prohibits its employees, employees of its subsidiaries, and
members of the Delta Board of Directors (as well as employees’ and directors’ family
members and others who live in their households or whom they support, such as
children in college), from engaging in the following activity, whether or not the person
making the transaction has material inside information:
• Option transactions related to Delta’s securities, including both puts and calls
• Short sales of Delta securities (i.e., the sale of a security that the seller does
not own)
• Hedging or monetization transactions, such as prepaid variable forwards,
equity swaps, collars, and exchange funds, designed to hedge or oset
decreases in the value of Delta securities held by the employee or director
• Holding Delta securities in a margin account or otherwise pledging Delta
securities as collateral for a loan
More Information...
If you have questions about insider trading, contact the Law Department. You
can view Delta’s Insider Trading Policy on Deltanet.
25
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
POLITICAL ACTIVITY
We respect the rights of employees to be involved personally in their communities
and political aairs, including making their own personal political contributions and
expressing their personal political views.
The law sets strict limits on political contributions by corporations to political parties
and candidates, and violators are subject to serious penalties. For this reason, we
should never engage in personal political activity on Company time or use Delta
property or equipment for this purpose. Remember, even the appearance of a
contribution of Delta time or resources can be viewed as a violation, so be careful to
separate your own political activities from Company activities.
To ensure we remain in compliance with these laws, no employee may make any
direct or indirect political contribution on behalf of Delta unless authorized in writing
by the Company’s Chief Executive Ocer, the Senior VP - Government Aairs, or
Chief Legal Ocer. This includes contributions to candidates, oce holders, and
political parties. Contributions can include such things as:
• Purchasing tickets on behalf of Delta to political fundraising events
• Furnishing Delta goods or services (including hosting events)
• Loaning Delta personnel during working hours for fundraising activities
• Paying for advertisements and other campaign expenses
• Reimbursing political expenses
ACTING WITH INTEGRITY MEANS AVOIDING CONFLICTS OF INTEREST
When we make decisions at work, we must make them with integrity and free from
conflicts of interest – even the appearance of them. A conflict of interest may occur
when our interests or activities aect our ability to make objective decisions for
Delta. Each of us is expected to avoid situations that can lead to a conflict. Conflicts
of interest, and the appearance of conflicts, can undermine the trust others place in
us and damage our reputation.
26
If you think you may have a conflict of interest, or that others could possibly perceive
an activity or relationship you are engaged in as a conflict of interest, you have
a responsibility to promptly disclose this to your supervisor or contact your HR
representative or the Law Department. Having an open and honest discussion about
a potential conflict of interest is always the best way to make the right decision.
If you believe someone else may have an actual or potential conflict of interest,
you must also promptly report this to your supervisor, HR representative, the Law
Department, or to the HelpLine if permitted by local law.
Delta’s policies with respect to certain areas where conflicts of interest can often
arise are set out below:
Business Opportunities
Do not take for yourself business opportunities that properly belong to Delta. Do not
use corporate property, information, or your position for personal gain, and do not
compete with Delta.
Outside Employment and Aliations
Delta does not prohibit employees from engaging in certain types of outside
employment – such as part-time work – but make sure that potential conflicts are
addressed. Always disclose and discuss outside employment with your supervisor
or HR representative. Outside work must never interfere with or detract from your
job duties or be conducted on Company time or using Company assets. Working for
another airline, any other competitor, a commercial customer or supplier, or a Delta
subsidiary while you are an employee of Delta is not allowed. The same rule applies
to working for an organization that is seeking to become a competitor, customer,
or supplier.
27
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
Employment of Relatives
Delta does not generally restrict employment of your relatives by the Company,
except that a relative may not work in your business unit or with anyone who reports
to you. If you have a family or other relationship that falls into this category, please
inform your leader or HR representative.
Board Membership and Community Activities
Many employees are involved in civic activities on their own time; however, if you are
asked to serve on a board of directors or a civic committee that is making a decision
involving Delta, you should consult with your supervisor or HR representative who
will obtain a resolution for you. Delta encourages its employees to be active in the
community; however, you should be sure not to allow your community activities to
detract from your work for Delta.
Investments
You (and your immediate family members, such as a spouse, domestic partner, or
child) need to be careful that your investments do not create conflicts of interest or
impair your independent judgment and objectivity. Conflicts can occur if investments
are made in competitors, suppliers, or customers. Investments in publicly-traded
mutual funds, index funds, and similar pooling of securities when the individual
investor has no say in which investments are included usually do not
present conflicts.
28
The following policies will help you deal with investment situations that are especially
likely to raise potential conflicts issues:
• Investments in a supplier or commercial customer that is a privately-
owned company are not allowed if you are involved in the selection or
assessment of, or negotiations with, the supplier, or if you supervise anyone
who has such responsibility.
• Investments in a privately-owned company that provides services that
compete with any of Delta’s businesses are not allowed.
• Investments in a publicly-traded company that is a supplier, commercial
customer, or competitor of Delta are not allowed if the investment is 1% or
more of any class of securities listed on any of the national securities
exchanges or regularly traded over the counter. Moreover, ownership of
less than 1% of a class of securities of a publicly-traded company that is a
supplier, commercial customer, or competitor of Delta is prohibited if the
ownership presents an actual or potential conflict of interest with your job at
Delta or an outsider would believe there to be a conflict of interest.
• If there is an actual or potential conflict at any time (including as a result of
a promotion or change in your duties), you must sell your investment in the
supplier or competitor. This may be at a time when it is not in your financial
interest to do so. In addition, for the sale to comply with law and this Code,
you may only sell the securities at a time when you do not have material
nonpublic information about the company that issues the securities. Given
the complexities around buying or selling securities of a publicly-traded
supplier or competitor of Delta, you may not want to own these securities.
More Information...
Employees in Supply Chain Management have additional rules for avoiding
or resolving conflicts of interest. If you are a SCM employee, make sure you
read, understand, and abide by the SCM Policies and Ethics Manual.
29
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
ACTING WITH INTEGRITY IN HANDLING GIFTS, MEALS, AND ENTERTAINMENT
When handled properly, business gifts, meals, and entertainment can strengthen
professional relationships, but when abused, they can damage our reputation, harm
our business and could even break the law. Acting with integrity and good judgment
is essential when considering giving or receiving gifts, meals, and entertainment, and
some of the most common compliance questions arise in this area. In many ways,
Delta’s policy on giving and receiving gifts, meals, and entertainment goes beyond
what the law requires. If you have questions, it is best to be proactive and talk with
your supervisor in advance whenever possible.
Receiving Gifts, Meals, and Entertainment
From time to time, you may receive a gift, meal, or entertainment from a current or
potential business partner. Use good judgment and avoid situations in which a gift
might diminish – or appear to diminish – your objectivity.
Gifts
• Gifts under $25 are acceptable in most cases unless they violate the
conditions set out below.
• Gifts above $25 must be respectfully declined. If declining the gift is
culturally insensitive or impractical, you should donate the gift to a
Delta-sponsored charity.
• Perishable items should be placed in a common area for everyone
to enjoy.
• Corporate gifts to commemorate major achievements between Delta
and a vendor may be accepted, provided they are not oered during a
bid or negotiation and are approved by a vice president. Upon an
employee’s departure from Delta, such corporate gifts will be retained
by Delta.
30
Business Meals and Ordinary Entertainment
• Occasional business meals may be accepted for valid business
purposes and must be noted on your calendar.
• Ordinary entertainment such as rounds of golf, non-playo sporting
events, and theater or event tickets are permitted as long as the event
is noted on your calendar.
• For events where multiple vendors or customers are involved, such as a
trade show, educational conference, sporting event, or charitable golf
tournament, you may participate with prior approval from your
supervisor and expense the cost to Delta.
While you may generally accept gifts with a value less than $25, and business
meals and ordinary entertainment, it is not appropriate to accept premium gifts,
entertainment, or travel unless there is a compelling business reason to do so. You
must respectfully decline tickets to playo sporting events, championships, or major
tournaments, including events such as the Olympics, Super Bowl, the Masters, World
Cup, Academy Awards, or Grammy Awards. Similarly, you must decline to attend
meetings in premium or resort locations, and meetings where non-business activities
are a significant and expensive component of the trip. If there is a compelling
business reason for you to attend or accept premium gifts or entertainment, you
must obtain approval from a vice president or higher prior to acceptance. You also
must pay for your travel to, and attendance at, these events on your corporate credit
card and expense the cost to Delta.
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REMINDERS WHEN RECEIVING GIFTS AND ENTERTAINMENT
You may never:
• Accept gifts above $25 in value unless it is culturally insensitive or
impractical to decline the gift
• Accept an invitation to premium entertainment events or meetings held in
premium or resort locations unless (i) there is a compelling business
reason for you to attend, (ii) you obtain prior approval from your vice
president or higher, and (iii) you pay for your travel and attendance on your
corporate credit card and expense it
• Accept any gift or entertainment that would be illegal or result in any
violation of law
• Accept any gift of cash or cash equivalents (such as gift cards, gift
certificates, loans, stock, or stock options)
• Accept anything as part of an agreement to do something in return for
the gift
• Accept a gift or entertainment while in active bid or negotiation process
• Accept any gift or entertainment where it could cause or give the
appearance of causing Delta to receive any favor in return for the gift
or entertainment
• Participate in any entertainment with a supplier that is unsavory, sexually
oriented, or otherwise violates Delta’s commitment to dignity and
mutual respect
• Accept any gift or entertainment that violates more restrictive standards
set by your own department
• Participate in any activity that you know would cause the person giving the
gift or entertainment to violate his or her own employer’s standards
• Solicit gifts or entertainment from a supplier
ACT WITH INTEGRITY AND PROTECT OUR ASSETS
32
REMINDERS WHEN GIVING GIFTS AND ENTERTAINMENT
You may never:
• Give a gift, meal, entertainment, or anything of value if it is illegal
• Give a gift, meal, entertainment, or anything of value if doing so would
violate the rules of the recipient’s organization
• Give a gift, meal, entertainment, or anything of value as part of an
agreement to receive something in return
• Give a gift, meal, entertainment, or anything of value that is oered for
an illicit purpose
• Give a gift of cash or cash equivalents (gift certificates, gift cards, loans,
stock, or stock options)
• Give a gift, meal, entertainment, or anything of value that is not
properly reported
• Use personal funds to avoid the requirements of this policy
Oering Gifts, Meals and Entertainment
We must be careful in how we oer business gifts, meals, and entertainment as
well. Use good judgment when giving gifts, providing meals, or entertainment. Gifts,
meals, or entertainment should only be given occasionally, should be pre-approved
by your supervisor, and should be allowed under the recipient’s policies. For gifts,
meals, and entertainment included on your expense report, you must properly report
the cost and nature of the gift, meal, or entertainment, and the recipient. Employees
may not use personal funds to avoid the requirements of this policy. Government
ocials operate under strict legal requirements which may prohibit their acceptance
of gifts or entertainment of even nominal value.
More Information...
Supply Chain Management (SCM) has more stringent rules regarding the
acceptance and reporting of gifts. If you are a SCM employee, be sure to read
and abide by the rules in the SCM Policies and Ethics Manual.
33
The Delta brand represents who we are and how we distinguish ourselves throughout
the world. Our brand stands for the core values in our Rules of the Road. How we
act, whether we wear a uniform or not, is a
refl ection of those values and the Delta brand
itself. The Way We Fly provides important
guidance for expected behaviors on and o
the job that have an impact on how we treat,
and are perceived by, our customers and
each other, including:
• Refl ecting the brand in your uniform
• Appearance and conduct for those who
don’t wear a uniform
• Using cell phones and other electronics
• Your o -duty conduct
• Dealing with the media - including
social media
• Pass travel
THE DELTA BRAND
VI
“If…you wear a uniform, wear it
with pride.”
“[R]egardless of whether you
are on duty, remember that you
represent Delta….”
“Do not use social media to harass
or mistreat others.”
“Our pass travel program is a
privilege to enjoy and
use responsibly.”
- The Way We Fly
34
ADDITIONAL INFORMATION ABOUT PASS TRAVEL PRIVILEGES
Using pass privileges for business travel or other unauthorized purposes is strictly
prohibited. Selling buddy passes or travel companion privileges is also strictly
prohibited. Doing so may subject you to corrective action, up to and including
termination. You must report suspicions of violations. If you suspect pass abuse,
you may report it to the Pass Protection Group anonymously by using the online
tip form or by calling the HelpLine.
More Information...
The media, including social media, are powerful tools and key channels Delta
uses to communicate with our customers. But you must not use these channels
to speak for Delta or in ways that blur the lines between your work at Delta and
your life outside Delta. You can read more about our Media Policy, including
social media, on Deltanet. Remember, our Media Policy provides that misuse
of social or traditional media channels can lead to discipline, including
termination of your employment with Delta.
35
WE ARE COMMITTED TO BEING A RESPONSIBLE GLOBAL CITIZEN
We are a global company, and our customers and employees live and work all over
the world. As a business that connects people across the globe, Delta is committed
to the fi ght against human tra cking and to be a force for global good.
The Fight Against Human Tra cking
Delta condemns all forms of human rights abuses, including human tra cking and
sexual exploitation of children.
Delta has signed the International Code of Conduct outlined by End Child
Prostitution, Child Pornography, and Tra cking of Children for Sexual Purposes
(ECPAT). We are committed to fully complying with all applicable criminal laws
and regulations regarding the prevention and reporting of violations related to
human tra cking.
If you think you have noticed a human tra cking indicator while on duty and the
facts indicate possible tra cking activities, Delta wants you to follow the
reporting guidelines:
• Contact your supervisor or station leadership
• Contact the Operations Control Center if your supervisor is not available
• Complete and submit the Signifi cant Incident Summary Report
(located in the ACS section of Deltanet)
THE DELTA BRAND IS A GLOBAL BRAND
VII
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More Information...
You can learn more about Delta’s commitment in the Human Tracking
Awareness section of Deltanet.
A Force for Global Good
We apply our knowledge and expertise to help meet economic, environmental, and
social challenges in communities where we live and work.
By working together with a wide range of public and private partners, our people and
businesses contribute time, talent, and financial resources to help make measurable
progress against the dicult issues that no one organization alone can solve. This
is an important part of our commitment to being a responsible global citizen and, to
that end, we hold ourselves to high standards and encourage others to do the same.
More Information...
Visit Delta’s Force for Global Good and the Volunteer section of Deltanet.
37
THE DELTA BRAND IS A GLOBAL BRAND
REMEMBER
THE GUT CHECK: YOUR KEY TO ETHICAL DECISION MAKING
Know what is right and do what is right. Exercise good judgment and avoid even
the appearance of improper behavior. If you are ever in doubt about a course of
conduct, give yourself a “gut check.” Ask yourself:
• Would I be comfortable telling my friends, family, and coworkers what
I did?
• Would I want to hear about my actions on the evening news or read about
them online or in the newspaper?
• Does it show respect for our employees, shareowners, customers,
business partners, and communities we serve?
• Would I feel right if a coworker, vendor, business partner, or other
stakeholder acted this way toward me?
• Will it reflect well on me and the Company?
• Is it consistent with the Code, Rules of the Road, The Way We Fly, and
our values?
• Is it legal?
If the answer to any of these questions is “No,” don’t do it.
38
“Any individual or business that is completely honest in all its dealings is likely to succeed.”
“I believe that character and integrity and honor still count for something—among
individuals and among corporations.”
C.E. WOOLMAN
Delta Founder
Let’s put ourselves on the other side of the counter. We have a responsibility over
and above the price of a ticket.”
C.E. WOOLMAN
Delta Founder
“
