Delta Air Lines, Inc. (DAL)
NYSE: DAL · Real-Time Price · USD
82.41
+1.35 (1.67%)
At close: Aug 21, 2026, 4:00 PM EDT
82.69
+0.28 (0.34%)
After-hours: Aug 21, 2026, 7:56 PM EDT

Delta Air Lines Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
68,28763,36461,64358,04850,58229,899
Revenue Growth
10.27%2.79%6.19%14.76%69.18%74.90%
Gross Profit
12,77012,95913,26912,1929,6502,162
Operating Income
5,2965,6435,8115,2783,952-2,175
Net Income
3,9505,0053,4574,6091,318280
Earnings Per Share
6.037.665.337.172.060.44
EPS Growth
-12.38%43.71%-25.66%248.06%368.18%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Airline
61,66858,28757,00154,66945,60526,670
Refinery
8,1926,9617,7677,57210,7066,054
Intersegment Sales/Other
-1,573-1,884-3,125-4,193-5,729-2,825
Revenue (Total)
68,28763,36461,64358,04850,58229,899

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4,6654,3103,0693,8686,53411,319
Total Debt
21,08421,37423,87128,38131,71035,779
Net Cash (Debt)
-16,419-17,064-20,802-24,513-25,176-24,460
Net Cash Growth
------
Net Cash Per Share
-25.01-26.09-32.10-38.12-39.28-38.16

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
8,1348,3428,0256,4646,3633,264
Capital Expenditures
-4,724-4,499-5,140-5,323-6,366-3,247
Free Cash Flow
3,4103,8432,8851,141-317
Free Cash Flow Growth
46.23%33.21%152.85%---

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
18.70%20.45%21.53%21.00%19.08%7.23%
Operating Margin
7.76%8.91%9.43%9.09%7.81%-7.27%
Pretax Margin
7.45%9.76%7.56%9.66%3.78%1.33%
Profit Margin
5.78%7.90%5.61%7.94%2.61%0.94%
FCF Margin
4.99%6.07%4.68%1.97%-0.01%0.06%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023
Period EndingAug '26 Dec '25 Dec '24 Dec '23
Dividend Per Share
0.8600.7130.5500.300
Dividend Per Share Growth
21.96%29.54%83.33%-
Dividend Yield
1.04%1.03%0.93%0.77%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
13.678.9911.225.5915.9689.02
Forward PE
9.8510.338.246.836.1522.05
P/FCF Ratio
15.8111.7113.4522.58-1466.18
PS Ratio
0.790.710.630.440.420.83