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Delta Air Lines, Inc. (DAL)
NYSE: DAL · Real-Time Price · USD
91.80
+4.60 (5.28%)
At close: Nov 9, 2026, 4:00 PM EST
92.51
+0.71 (0.77%)
Pre-market: Nov 10, 2026, 8:21 AM EST

Delta Air Lines Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
3,2895,0053,4574,6091,318280
Depreciation & Amortization
2,2702,1292,1892,0011,8001,697
Other Amortization
314314324340307301
Loss (Gain) From Sale of Investments
-1,209-1,209323-1,283874-38
Other Operating Activities
1,8005671,022809-89-1,504
Change in Accounts Receivable
432432-126-7-728-981
Change in Inventory
------318
Change in Accounts Payable
842842614-2851,2261,986
Change in Unearned Revenue
498498457-6782,2262,190
Change in Other Net Operating Assets
-236-236-235958-571-349
Operating Cash Flow
8,0008,3428,0256,4646,3633,264
Operating Cash Flow Growth
0.30%3.95%24.15%1.59%94.95%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-4,978-4,499-5,140-5,323-6,366-3,247
Investment in Securities
-426-2761,1372,083-7702,381
Other Investing Activities
59858926492212-32
Investing Cash Flow
-4,806-4,186-3,739-3,148-6,924-898

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-2,215-878-1,902
Total Debt Issued
1,4282,215-878-1,902
Long-Term Debt Repaid
--4,827-3,953-4,071-4,475-5,834
Total Debt Repaid
-4,230-4,827-3,953-4,071-4,475-5,834
Net Debt Issued (Repaid)
-2,802-2,612-3,953-3,193-4,475-3,932
Common Dividends Paid
-515-440-321-128--
Other Financing Activities
34-2414-73-6080
Financing Cash Flow
-3,283-3,076-4,260-3,394-4,535-3,852

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
-891,08026-78-5,096-1,486

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
3,0223,8432,8851,141-317
Free Cash Flow Growth
-1.69%33.21%152.85%---
Free Cash Flow Margin
4.21%6.07%4.68%1.97%-0.01%0.06%
Free Cash Flow Per Share
4.605.884.451.77-0.010.03
Levered Free Cash Flow
2,4922,9551,456-139.5247.88392.25
Unlevered Free Cash Flow
2,8673,3791,923381.758911,192

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
8508501,0011,1641,2611,524
Change in Working Capital
1,5361,536710-122,1532,528
SEC Filings: 10-K · 10-Q