Delta Air Lines, Inc. financials

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DAL CIK 0000027904

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:00:10Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 3.84B 2.88B 1.14B -3.00M 17.00M -5.69B
EBITDA 8.27B 8.51B 7.86B 5.77B 3.88B -10.16B
Working Capital -16.66B -16.83B -16.15B -12.93B -5.03B 1.48B
Net Debt 15.96B 19.70B 24.54B 27.34B 24.96B 27.24B
Operating Margin 9.19% 9.73% 9.51% 7.24% 6.31% -72.94%
Net Margin 7.90% 5.61% 7.94% 2.61% 0.94% -72.45%
Return on Equity (ROE) 24.00% 22.61% 41.50% 20.02% 7.20% -807.37%
Return on Assets (ROA) 6.15% 4.59% 6.26% 1.82% 0.39% -17.20%
Current Ratio 0.397 0.3691 0.3887 0.5016 0.7603 1.0927
Debt-to-Equity 0.9723 1.489 2.4566 4.6506 8.4633 23.1734
Effective Tax Rate 19.08% 25.78% 17.81% 31.14% 29.65% 20.54%
Cash Conversion Ratio 1.6667 2.3214 1.4025 4.8278 11.6571 0.3063
Accruals Ratio -0.041 -0.0606 -0.0252 -0.0698 -0.0412 -0.1193
SBC % of Revenue 0.49% 0.38% 0.31% 0.30% 0.50% 0.70%
CapEx Coverage 1.8542 1.5613 1.2144 0.9995 1.0052 -1.9974
Free Cash Flow Per Share $5.88 $4.45 $1.77 $-0.00 $0.03 $-8.95

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 9.0601 11.3508 5.6109 15.9515 88.8182 —
P/FCF 11.8106 13.5888 22.6712 — 1,474.7171 —
FCF Yield 8.47% 7.36% 4.41% — 0.07% —
EV / EBITDA 7.4708 6.9703 6.4713 8.4539 12.9647 —
P/S 0.7225 0.6424 0.4537 0.4234 0.8492 1.5227
P/B 2.1954 2.5895 2.3717 3.2541 6.5323 16.9687

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 63.36B 61.64B 58.05B 50.58B 29.90B 17.09B
Operating Income (Loss) 5.82B 6.00B 5.52B 3.66B 1.89B -12.47B
Income Tax Expense (Benefit) 1.18B 1.20B 999.00M 596.00M 118.00M -3.20B
Net Income (Loss) Attributable to Parent 5.00B 3.46B 4.61B 1.32B 280.00M -12.38B
Earnings Per Share, Basic $7.72 $5.39 $7.21 $2.07 $0.44 $-19.49
Weighted Average Number of Shares Outstanding, Basic 648.00M 641.00M 639.00M 638.00M 636.00M 636.00M
Earnings Per Share, Diluted $7.66 $5.33 $7.17 $2.06 $0.44 $-19.49
Weighted Average Number of Shares Outstanding, Diluted 654.00M 648.00M 643.00M 641.00M 641.00M 636.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 4.31B 3.07B 2.74B 3.27B 7.93B 8.31B
Assets, Current 10.97B 9.84B 10.27B 13.01B 15.94B 17.40B
Assets 81.32B 75.37B 73.64B 72.29B 72.46B 72.00B
Long-term Debt 13.31B 15.35B 18.61B 21.38B 25.08B 27.97B
Liabilities, Current 27.62B 26.67B 26.42B 25.94B 20.97B 15.93B
Long-term Debt, Excluding Current Maturities 11.94B 13.55B 15.98B 19.33B 23.58B 26.53B
Stockholders' Equity Attributable to Parent 20.85B 15.29B 11.11B 6.58B 3.89B 1.53B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 8.34B 8.03B 6.46B 6.36B 3.26B -3.79B
Net Cash Provided by (Used in) Investing Activities -4.19B -3.74B -3.15B -6.92B -898.00M -9.24B
Payments for Repurchase of Common Stock — — — 0 0 344.00M
Payments of Dividends 440.00M 321.00M 128.00M 0 0 260.00M
Net Cash Provided by (Used in) Financing Activities -3.08B -4.26B -3.39B -4.54B -3.85B 19.36B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

19 concepts 3 units
Unit US$ · 14 concepts
Label Value Period
Other Operating Income (Expense), Net -564.00M 2026-01-01 → 2026-03-31
Revenue from Contract with Customer, Excluding Assessed Tax 15.85B 2026-01-01 → 2026-03-31
Fuel Costs 2.74B 2026-01-01 → 2026-03-31
Costs and Expenses 15.35B 2026-01-01 → 2026-03-31
Other Cost and Expense, Operating 666.00M 2026-01-01 → 2026-03-31
Selling and Marketing Expense 590.00M 2026-01-01 → 2026-03-31
Labor and Related Expense 4.54B 2026-01-01 → 2026-03-31
Operating Income (Loss) 501.00M 2026-01-01 → 2026-03-31
Other Nonoperating Income (Expense) -10.00M 2026-01-01 → 2026-03-31
Nonoperating Income (Expense) -715.00M 2026-01-01 → 2026-03-31
Gain (Loss) on Extinguishment of Debt -4.00M 2026-01-01 → 2026-03-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -214.00M 2026-01-01 → 2026-03-31
Income Tax Expense (Benefit) 75.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Parent -289.00M 2026-01-01 → 2026-03-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 652.00M 2026-01-01 → 2026-03-31
Weighted Average Number of Shares Outstanding, Diluted 652.00M 2026-01-01 → 2026-03-31
Unit US$ / share · 3 concepts
Label Value Period
Earnings Per Share, Basic $-0.44 2026-01-01 → 2026-03-31
Earnings Per Share, Diluted $-0.44 2026-01-01 → 2026-03-31
Common Stock, Dividends, Per Share, Declared $0.19 2026-01-01 → 2026-03-31

Comprehensive Income

2 concepts 1 unit
Unit US$ · 2 concepts
Label Value Period
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -260.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Net of Tax 29.00M 2026-01-01 → 2026-03-31

Balance Sheet

38 concepts 3 units
Unit US$ · 34 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 5.05B as of 2026-03-31
Restricted Cash, Current 144.00M as of 2026-03-31
Accounts Receivable, Allowance for Credit Loss, Current 13.00M as of 2026-03-31
Receivables, Net, Current 4.09B as of 2026-03-31
Assets, Current 13.66B as of 2026-03-31
Operating Lease, Right-of-Use Asset 6.30B as of 2026-03-31
Goodwill 9.75B as of 2026-03-31
Finite-Lived Intangible Assets, Accumulated Amortization 930.00M as of 2026-03-31
Intangible Assets, Net (Excluding Goodwill) 5.96B as of 2026-03-31
Other Assets, Noncurrent 4.47B as of 2026-03-31
Restricted Cash and Cash Equivalents, Noncurrent 38.00M as of 2026-03-31
Assets, Noncurrent 70.77B as of 2026-03-31
Assets 84.43B as of 2026-03-31
Accounts Payable, Current 5.97B as of 2026-03-31
Employee-related Liabilities, Current 3.63B as of 2026-03-31
Long-term Debt 13.23B as of 2026-03-31
Short-term Non-bank Loans and Notes Payable 1.10B as of 2026-03-31
Long-term Debt, Current Maturities 2.63B as of 2026-03-31
Long-term Debt and Lease Obligation, Current 3.09B as of 2026-03-31
Liabilities, Current 32.70B as of 2026-03-31
Long-term Debt, Excluding Current Maturities 10.61B as of 2026-03-31
Long-term Debt and Lease Obligation 11.08B as of 2026-03-31
Liability, Defined Benefit Plan, Noncurrent 3.12B as of 2026-03-31
Deferred Income Tax Liabilities, Net 3.50B as of 2026-03-31
Other Liabilities, Noncurrent 3.92B as of 2026-03-31
Operating Lease, Liability, Noncurrent 5.30B as of 2026-03-31
Liabilities, Noncurrent 31.36B as of 2026-03-31
Common Stock, Value, Issued 0 as of 2026-03-31
Additional Paid in Capital, Common Stock 11.94B as of 2026-03-31
Treasury Stock, Common, Value 393.00M as of 2026-03-31
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.11B as of 2026-03-31
Retained Earnings (Accumulated Deficit) 12.93B as of 2026-03-31
Stockholders' Equity Attributable to Parent 20.38B as of 2026-03-31
Liabilities and Equity 84.43B as of 2026-03-31
Unit shares · 3 concepts
Label Value Period
Common Stock, Shares Authorized 1.50B as of 2026-03-31
Common Stock, Shares, Issued 665.72M as of 2026-03-31
Treasury Stock, Common, Shares 8.73M as of 2026-03-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.00 as of 2026-03-31

Cash Flow Statement

14 concepts 1 unit
Unit US$ · 14 concepts
Label Value Period
Depreciation, Depletion and Amortization 635.00M 2026-01-01 → 2026-03-31
Payments to Acquire Long-term Investments 54.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Operating Activities 2.43B 2026-01-01 → 2026-03-31
Payments to Acquire Other Productive Assets 200.00M 2026-01-01 → 2026-03-31
Payments to Acquire Productive Assets 1.20B 2026-01-01 → 2026-03-31
Payments for (Proceeds from) Other Investing Activities 9.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Investing Activities -1.26B 2026-01-01 → 2026-03-31
Proceeds from Short-term Debt 1.25B 2026-01-01 → 2026-03-31
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security 1.56B 2026-01-01 → 2026-03-31
Payments of Dividends 129.00M 2026-01-01 → 2026-03-31
Proceeds from (Payments for) Other Financing Activities 8.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Financing Activities -435.00M 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 734.00M 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 5.24B as of 2026-03-31

Notes

29 concepts 2 units
Unit US$ · 28 concepts
Label Value Period
Payments for Flight Equipment 1.00B 2026-01-01 → 2026-03-31
Operating Lease, Liability, Current 837.00M as of 2026-03-31
Prepaid Expense and Other Assets, Current 2.75B as of 2026-03-31
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization 25.44B as of 2026-03-31
Landing Fees and Other Rentals 913.00M 2026-01-01 → 2026-03-31
Other Accrued Liabilities, Current 2.32B as of 2026-03-31
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization 40.58B as of 2026-03-31
Aircraft Rental 143.00M 2026-01-01 → 2026-03-31
Aircraft Maintenance, Materials, and Repairs 709.00M 2026-01-01 → 2026-03-31
Airline, Capacity Purchase Arrangements 649.00M 2026-01-01 → 2026-03-31
Cost of Services, Catering 428.00M 2026-01-01 → 2026-03-31
Professional and Contract Services Expense 1.19B 2026-01-01 → 2026-03-31
Dividends 123.00M 2026-01-01 → 2026-03-31
Airline Related Inventory, Valuation Reserves 132.00M as of 2026-03-31
Airline Related Inventory, Net 1.77B as of 2026-03-31
Long-term Debt, Fair Value 13.20B as of 2026-03-31
Contract with Customer, Liability, Revenue Recognized 4.30B 2026-01-01 → 2026-03-31
Interest Income (Expense), Nonoperating, Net -151.00M 2026-01-01 → 2026-03-31
Other Labor-related Expenses 165.00M 2026-01-01 → 2026-03-31
Equity Securities, FV-NI, Gain (Loss) -550.00M 2026-01-01 → 2026-03-31
Unrecorded Unconditional Purchase Obligation 28.50B as of 2026-03-31
Long-term Debt, Gross 13.22B as of 2026-03-31
AOCI Tax, Attributable to Parent 272.00M as of 2026-03-31
OCI, before Reclassifications, Net of Tax, Attributable to Parent -3.00M 2026-01-01 → 2026-03-31
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent -32.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss) before Reclassifications, Tax 0 2026-01-01 → 2026-03-31
Reclassification from AOCI, Current Period, Tax -10.00M 2026-01-01 → 2026-03-31
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net -11.00M as of 2026-03-31
Unit shares · 1 concept
Label Value Period
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 0 2026-01-01 → 2026-03-31

Other

3 concepts 2 units
Unit US$ · 2 concepts
Label Value Period
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture -118.00M 2026-01-01 → 2026-03-31
Stock Issued During Period, Value, Stock Options Exercised 24.00M 2026-01-01 → 2026-03-31
Unit shares · 1 concept
Label Value Period
Entity Common Stock, Shares Outstanding 656.99M as of 2026-03-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (DAL CIK 0000027904), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.