Jacobson has been CFO at Delta since 2012. Bastian also has served as CFO of Delta, has a background in finance and accounting and was chief restructuring officer during the company's Chapter 11 bankruptcy from 2005 to 2007.
Under Jacobson's leadership, "we have boosted our liquidity through commercial markets and expanded our cash position to help us weather the storm in the months to come," Bastian told employees.
"Paul and his team have been instrumental in executing our strategy for cost reduction while forging the path ahead so that Delta is positioned to lead the industry when the recovery comes," Bastian wrote. He added that Jacobson played a crucial role in the strategy for recovery after Sept. 11, 2001 and "has been recognized numerous times as the industry's top CFO."
Jacobson attended Auburn University and joined Delta after earning a master’s of business administration from Vanderbilt University in 1997.