If it's a 25-for-1 split today, that's .125/share, and right now the market cap is only $50M, and there's absolutely potential to grow just over 10x current value.

$1.50 post-split during the first year revenue flights, assuming 25-1 ratio, is probably on the far low end of what Delta would project based on the startup aspect, lack of significant debt and historical costs, share structure, and business model.