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Delta Air Lines, Inc. logo

Delta Air Lines, Inc.

DAL

NYSEIndustrialsAirlines, Airports & Air Services

Open in GoAI

Previous close

$82.41

+$1.35 · +1.67%

Aug 21, 4:00 PM ET

DAL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

66

Undervalued

Momentum

70

Gaining

Sentiment

73

Bullish

Risk resilience

67

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages. The company operates through a fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
US
CEO
Edward H. Bastian
Listed since
May 3, 2007
Employees
103,000

Market position

Day range

Current $82.41

52-week range

Current $82.41

Open
$82.43
Previous close
$81.06
Volume
5.08M
0.71× average
Average volume
7.15M
Average daily volume
Market cap
54.19B USD
Beta
1.31
Market reference 1
50-day average
$87.6156
-5.94% below average
200-day average
$73.0942
+12.75% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
61.74B USD
P/E (TTM)
13.55×
P/B (TTM)
2.47×
P/S (TTM)
0.79×
EV / EBITDA
7.69×
Earnings yield
11.13%
Free cash flow yield
8.55%
Dividend yield
0.94%

Profitability & efficiency

Gross margin
27.32%
Operating margin
8.08%
Net margin
5.79%
Return on equity
24.12%
Return on assets
6.16%
Return on invested capital
8.30%

Financial health

Debt / equity
0.92×
Current ratio
0.4×
Altman Z-score
1.46
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%19%9%-2%Gross margin, FY2021: 7.13%Gross margin, FY2022: 22.06%Gross margin, FY2023: 26.73%Gross margin, FY2024: 26.86%Gross margin, FY2025: 22.84%Operating margin, FY2021: 6.31%Operating margin, FY2022: 7.24%Operating margin, FY2023: 9.51%Operating margin, FY2024: 9.73%Operating margin, FY2025: 9.19%Net margin, FY2021: 0.94%Net margin, FY2022: 2.61%Net margin, FY2023: 7.94%Net margin, FY2024: 5.61%Net margin, FY2025: 7.90%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 7.13%. Gross margin FY2022 22.06%. Gross margin FY2023 26.73%. Gross margin FY2024 26.86%. Gross margin FY2025 22.84%. Operating margin FY2021 6.31%. Operating margin FY2022 7.24%. Operating margin FY2023 9.51%. Operating margin FY2024 9.73%. Operating margin FY2025 9.19%. Net margin FY2021 0.94%. Net margin FY2022 2.61%. Net margin FY2023 7.94%. Net margin FY2024 5.61%. Net margin FY2025 7.90%.

Income trends

Revenue

63.36B USD+2.79%

Operating income

5.82B USD-2.89%

Net income

5.01B USD+44.78%
Income trends across reported periods69.67B USD44.44B USD19.21B USD−6.03B USDRevenue, FY2021: 29.9B USDRevenue, FY2022: 50.58B USDRevenue, FY2023: 58.05B USDRevenue, FY2024: 61.64B USDRevenue, FY2025: 63.36B USDOperating income, FY2021: 1.89B USDOperating income, FY2022: 3.66B USDOperating income, FY2023: 5.52B USDOperating income, FY2024: 6B USDOperating income, FY2025: 5.82B USDNet income, FY2021: 280M USDNet income, FY2022: 1.32B USDNet income, FY2023: 4.61B USDNet income, FY2024: 3.46B USDNet income, FY2025: 5.01B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 29.9B USD. Revenue FY2022 50.58B USD. Revenue FY2023 58.05B USD. Revenue FY2024 61.64B USD. Revenue FY2025 63.36B USD. Operating income FY2021 1.89B USD. Operating income FY2022 3.66B USD. Operating income FY2023 5.52B USD. Operating income FY2024 6B USD. Operating income FY2025 5.82B USD. Net income FY2021 280M USD. Net income FY2022 1.32B USD. Net income FY2023 4.61B USD. Net income FY2024 3.46B USD. Net income FY2025 5.01B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue63.36B USD61.64B USD58.05B USD50.58B USD29.9B USD
Cost of goods sold48.89B USD45.09B USD42.53B USD39.42B USD27.77B USD
Gross profit14.48B USD16.56B USD15.52B USD11.16B USD2.13B USD
Selling, general, and administrative2.49B USD3.87B USD3.72B USD2.45B USD502M USD
Operating expenses8.65B USD10.56B USD10B USD7.5B USD247M USD
Interest expense679M USD747M USD834M USD1.03B USD1.28B USD
Depreciation and amortization2.44B USD2.51B USD2.34B USD2.11B USD2B USD
Operating income5.82B USD6B USD5.52B USD3.66B USD1.89B USD
Net income5.01B USD3.46B USD4.61B USD1.32B USD280M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+7.64%
11 comparable reports
Latest EPS result
1.56
Estimate 1.49 · Beat by 4.70%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.331.660.990.32Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 10, 2025: actual 1.85, estimate 1.74, surprise +6.32%, Beat. Q2 2025, reported Apr 9, 2025: actual 0.46, estimate 0.381, surprise +20.89%, Beat. Q3 2025, reported Jul 10, 2025: actual 2.1, estimate 2.06, surprise +1.94%, Beat. Q4 2025, reported Oct 9, 2025: actual 1.71, estimate 1.57, surprise +8.92%, Beat. Q1 2026, reported Jan 13, 2026: actual 1.55, estimate 1.53, surprise +1.31%, Beat. Q2 2026, reported Apr 8, 2026: actual 0.64, estimate 0.58, surprise +10.34%, Beat. Q3 2026, reported Jul 9, 2026: actual 1.56, estimate 1.49, surprise +4.70%, Beat. Q4 2026, reported Oct 8, 2026: actual —, estimate 2.19, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates20.55B17.76B14.97B12.19BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 10, 2025: actual 15.56B USD, estimate 14.19B USD, surprise +9.63%, Beat. Q2 2025, reported Apr 9, 2025: actual 14.04B USD, estimate 12.98B USD, surprise +8.20%, Beat. Q3 2025, reported Jul 10, 2025: actual 16.65B USD, estimate 15.46B USD, surprise +7.68%, Beat. Q4 2025, reported Oct 9, 2025: actual 16.67B USD, estimate 15.09B USD, surprise +10.50%, Beat. Q1 2026, reported Jan 13, 2026: actual 14.61B USD, estimate 14.68B USD, surprise -0.52%, Miss. Q2 2026, reported Apr 8, 2026: actual 14.2B USD, estimate 14.05B USD, surprise +1.07%, Beat. Q3 2026, reported Jul 9, 2026: actual 19.76B USD, estimate 17.43B USD, surprise +13.37%, Beat. Q4 2026, reported Oct 8, 2026: actual —, estimate 17.57B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$107.75

30.75% upside
Past 12 months12-month forecastHigh $125Average $107.75Low $85.00

Rating distribution

45 ratings
Strong buy12%
Buy3680%
Hold818%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.675

2025 complete year-33.5% since 2017

2026 partial: $0.59

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 9, 2026

$0.215

Irregular

Record Jul 9, 2026 · Payment Jul 30, 2026

Dividend

Ex-dividend May 14, 2026

$0.1875

Quarterly

Record May 14, 2026 · Payment Jun 4, 2026

Dividend

Ex-dividend Feb 26, 2026

$0.1875

Quarterly

Record Feb 26, 2026 · Payment Mar 19, 2026

Dividend

Ex-dividend Oct 16, 2025

$0.1875

Quarterly

Record Oct 16, 2025 · Payment Nov 6, 2025

Dividend

Ex-dividend Jul 31, 2025

$0.1875

Quarterly

Record Jul 31, 2025 · Payment Aug 21, 2025

Dividend

Ex-dividend May 13, 2025

$0.15

Quarterly

Record May 13, 2025 · Payment Jun 3, 2025

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ETFs holding DAL

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.74B
Weight
0.08%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
1.5B
Weight
0.09%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
1.18B
Weight
0.52%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
713.95M
Weight
0.08%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
658.07M
Weight
0.08%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
519.98M
Weight
0.20%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%
Vanguard Morningstar Mid-Cap Value ETF logoVanguard Morningstar Mid-Cap Value ETFVOE
Market value
351.33M
Weight
0.90%
AUM
38.6B USD
Expense ratio
0.05%
Price / 1D
$208.64+0.35%
State Street Industrial Select Sector SPDR ETF logoState Street Industrial Select Sector SPDR ETFXLI
Market value
312.48M
Weight
0.94%
AUM
33.33B USD
Expense ratio
0.08%
Price / 1D
$180.25+0.27%

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