Delta Air Lines Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	52,668	51,716	49,632	41,268	23,551
Other Revenue	10,696	9,927	8,416	9,314	6,348
Revenue	63,364	61,643	58,048	50,582	29,899
Revenue Growth (YoY)	2.79%	6.19%	14.76%	69.18%	74.90%
Cost of Revenue	50,405	48,374	45,856	40,932	27,737
Gross Profit	12,959	13,269	12,192	9,650	2,162
Selling, General & Admin	2,485	2,485	2,334	1,891	953
Other Operating Expenses	2,388	2,460	2,239	1,700	1,386
Operating Expenses	7,316	7,458	6,914	5,698	4,337
Operating Income	5,643	5,811	5,278	3,952	-2,175
Interest Expense	-679	-747	-834	-1,029	-1,279
Other Non Operating Income (Expenses)	18	-27	-36	-126	-397
EBT Excluding Unusual Items	4,982	5,037	4,408	2,797	-3,851
Gain (Loss) on Sale of Investments	1,212	-319	1,263	-783	56
Other Unusual Items	-9	-60	-63	-100	4,193
Pretax Income	6,185	4,658	5,608	1,914	398
Income Tax Expense	1,180	1,201	999	596	118
Net Income	5,005	3,457	4,609	1,318	280
Net Income to Common	5,005	3,457	4,609	1,318	280
Net Income Growth	44.78%	-25.00%	249.70%	370.71%	-
Shares Outstanding (Basic)	648	641	639	638	636
Shares Outstanding (Diluted)	654	648	643	641	641
Shares Change (YoY)	0.93%	0.78%	0.31%	-	0.79%
EPS (Basic)	7.72	5.39	7.21	2.07	0.44
EPS (Diluted)	7.66	5.33	7.17	2.06	0.44
EPS Growth	43.71%	-25.66%	248.06%	368.18%	-
Free Cash Flow	3,843	2,885	1,141	-3	17
Free Cash Flow Per Share	5.88	4.45	1.77	-0.01	0.03
Dividend Per Share	0.713	0.550	0.300	-	-
Dividend Growth	29.54%	83.33%	-	-	-
Gross Margin	20.45%	21.53%	21.00%	19.08%	7.23%
Operating Margin	8.91%	9.43%	9.09%	7.81%	-7.27%
Profit Margin	7.90%	5.61%	7.94%	2.61%	0.94%
Free Cash Flow Margin	6.07%	4.68%	1.97%	-0.01%	0.06%
EBITDA	7,772	8,000	7,279	5,752	-478
EBITDA Margin	12.27%	12.98%	12.54%	11.37%	-1.60%
D&A For EBITDA	2,129	2,189	2,001	1,800	1,697
EBIT	5,643	5,811	5,278	3,952	-2,175
EBIT Margin	8.91%	9.43%	9.09%	7.81%	-7.27%
Effective Tax Rate	19.08%	25.78%	17.81%	31.14%	29.65%
Revenue as Reported	63,364	61,643	58,048	50,582	29,899
Advertising Expenses	405	438	347	302	198

Source: S&P Global Market Intelligence. Standard template. Financial Sources.