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Delta Air Lines (DAL)

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Delta Air Lines, Inc. is one of the largest passenger airlines in the world, operating a broad domestic and international network from its headquarters in Atlanta. The company connects travelers to more than 300 destinations across over 50 countries, using a hub-and-spoke model that concentrates flights through major airports and then distributes passengers across its system.

Atlanta is Delta’s flagship hub and one of the busiest airline hubs globally. The carrier also has important operations in New York, Detroit, Minneapolis-St. Paul, Salt Lake City, Seattle, and other strategic markets. This network supports business travel, leisure demand, international connections, and cargo capacity. Delta’s long-haul international business has historically been especially important across the Atlantic, where it competes and partners through joint ventures and alliances with other major carriers.

Delta’s business includes mainline flying, regional service under the Delta Connection brand, cargo operations, maintenance services, and a large loyalty ecosystem built around SkyMiles. The airline is also known for its focus on premium cabins, airport lounges, operational reliability, and partnerships with travel and financial-services companies, including co-branded credit card relationships that contribute to revenue beyond ticket sales.

The company’s results are closely tied to passenger demand, corporate travel trends, fuel prices, labor costs, aircraft availability, airport capacity, and the broader economic cycle. For investors, Delta stands out as a scale carrier with a strong US domestic presence, meaningful international reach, and a strategy that emphasizes premium revenue, loyalty engagement, and network depth rather than simply competing on seat capacity.

76.47 USD
75.80 USD
−4.70 (-5.79%)
After-hours

Last updated

Market Cap
53.33B
P/E
11.91
P/FCF
13.6
P/S
0.82
Enterprise Value
62.44B
Sector
Industrials
Industry
Passenger Airlines
Address
HARTSFIELD-JACKSON ATLANTA INTL AIRPORT, ATLANTA, GA, 30354-1989
Market Cap
53.33B
Enterprise Value
62.44B
P/E
11.91
P/B
2.62
P/S
0.82
EV / EBITDA
4.83
EV / Sales
0.96
EPS
6.81
Dividend Yield
0.88%
P/FCF
13.6
P/CF
6.35
Free Cash Flow
3.92B
ROE
21.97%
ROA
5.3%
Debt / Equity
0.7
Current Ratio
0.42
Quick Ratio
0.36
Cash
0.15
Avg Volume
7.23M
Fundamentals Snapshot Price
81.17

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 15.85B 16B 16.67B 16.65B 14.04B
Gross profit 15.43B 15.55B 16.19B 16.17B 13.61B
Operating income 501M 1.47B 1.68B 2.1B 569M
EBITDA 501M 5.51B 3.41B 3.51B 569M
Net income -289M 1.22B 1.42B 2.13B 240M
Basic EPS -0.44 1.87 2.18 3.28 0.37
Diluted EPS -0.44 1.86 2.17 3.27 0.37

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 84.43B 81.32B 79.62B 78.4B 77.34B
Total liabilities 64.06B 60.46B 60.8B 60.96B 61.9B
Total equity 20.38B 20.85B 18.82B 17.44B 15.45B
Cash & equivalents 5.05B 4.31B 3.79B 3.33B 3.71B
Current assets 13.66B 10.97B 11.23B 10.98B 11.24B
Current liabilities 32.7B 27.62B 28.25B 28.55B 29.7B

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 2.43B 2.26B 1.85B 1.86B 2.38B
Investing cash flow -1.26B -728M -1.04B -1.2B -1.22B
Financing cash flow -435M -1B -370M -1.07B -634M
Change in cash 734M 530M 442M -412M 520M
Kind Filing Date Link
edgar index SCHEDULE 13D/A — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — BELLEMARE ALAIN View Filing
form 4 Form 4 — Ausband Allison C View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Ausband Allison C View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Ausband Allison C View Filing
form 4 Form 4 — Ausband Allison C View Filing
form 4 Form 4 — Ausband Allison C View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Ausband Allison C View Filing
edgar index SCHEDULE 13G — DELTA AIR LINES, INC. View Filing
edgar index 13F-HR — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — BELLEMARE ALAIN View Filing
edgar index SCHEDULE 13G — DELTA AIR LINES, INC. View Filing
edgar index DEF 14A — DELTA AIR LINES, INC. View Filing
edgar index DEFA14A — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — McConnell Julia Ann View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Laughter John E View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Laughter John E View Filing
form 4 Form 4 — Laughter John E View Filing
form 4 Form 4 — Laughter John E View Filing
form 4 Form 4 — Laughter John E View Filing
form 4 Form 4 — Laughter John E View Filing
edgar index 8-K — DELTA AIR LINES, INC. View Filing
edgar index 10-Q — DELTA AIR LINES, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 3 — DELTA AIR LINES, INC. View Filing
form 3 Form 3 — McConnell Julia Ann View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Snell Erik Storey View Filing
form 4 Form 4 — Carter Peter W View Filing
form 4 Form 4 — BELLEMARE ALAIN View Filing
form 4 Form 4 — Janki Daniel C. View Filing
edgar index SCHEDULE 13G/A — DELTA AIR LINES, INC. View Filing
edgar index 8-K — DELTA AIR LINES, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — DELTA AIR LINES, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
form 4 Form 4 — Bastian Edward H View Filing
edgar index SCHEDULE 13G — DELTA AIR LINES, INC. View Filing
edgar index 13F-HR — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 8-K — DELTA AIR LINES, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 10-K — DELTA AIR LINES, INC. View Filing
ten k section 10-K — business View Filing
ten k section 10-K — mda View Filing
ten k section 10-K — risk_factors View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 4 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing
edgar index 144 — DELTA AIR LINES, INC. View Filing