Delta Air Lines flies passengers and cargo to over 300 destinations across 50+ countries. It operates a hub-and-spoke network centered on major U.S. hubs—primarily Atlanta—funneling travelers onto connecting routes domestically and internationally. Revenue comes mainly from ticket sales, with transatlantic routes being the most profitable international segment. Corporate travelers, loyalty program members (SkyMiles), and co-branded credit card partnerships with American Express are meaningful contributors to overall revenue.
Employees103,000IPOJul 3, 1967SIC4512HQPost Office Box 20706, Atlanta, GA, USA, 30320-6001
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
22.5%
Operating Margin
8.1%
EBITDA Margin
8.4%
Net Margin
5.8%
OCF Margin
11.9%
FCF Margin
5.0%
Returns on Capital
ROE
19.9%
ROA
4.8%
ROIC
4.9%
ROCE
11.0%
ROC (Greenblatt)
12.3%
3Y ROIIC
20.2%
Consistency
Years Profitable / 10Y
9
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
12.50
Forward P/E
12.21
P/E ex-NRI
13.65
Shiller P/E (CAPE)
27.31
Cash Flow Multiples
P/FCF
14.48
P/OCF
6.06
P/Owner Earnings
—
FCF Yield
6.88%
Enterprise Value Multiples
EV / EBIT
11.30
EV / Forward EBIT
14.60
EV / EBITDA
11.30
EV / Forward EBITDA
8.93
EV / Revenue
0.95
EV / Forward Revenue
0.97
Asset / Sales
P/S
0.72
P/B
2.27
P/Tangible Book
8.11
Growth-Adjusted
PEG
—
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.03%
Forward Dividend Yield
1.03%
3Y Dividend Growth
0.0%
Payout Ratio
0.14
5Y Yield on Cost
0.91%
Buybacks & Dilution
3Y Buyback Ratio
−0.60%
5Y Share Change
2.8%
Combined
Shareholder Yield
5.59%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.92
Gross Debt / EBITDA
3.50
Cash / Debt
0.23
Equity / Assets
0.25
Coverage
Interest Coverage
8.84
Short-Term Liquidity
Current Ratio
0.42
Quick Ratio
0.35
Cash Ratio
0.14
Composite Scores
Piotroski F-Score
6
Altman Z-Score
1.50
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-07-09
$0.215
2026-07-30
2026-05-14
$0.1875
2026-06-04
2026-02-26
$0.1875
2026-03-19
2025-10-16
$0.1875
2025-11-06
2025-07-31
$0.1875
2025-08-21
2025-05-13
$0.15
2025-06-03
2025-02-27
$0.15
2025-03-20
2024-10-10
$0.15
2024-10-31
2024-07-30
$0.15
2024-08-20
2024-05-13
$0.1
2024-06-04
10 of 40
View allDate
Transcript
Type
2026-07-10
Q2 2026 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2026-06-18
Delta Air Lines Inc Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-06-03
Delta Air Lines Inc at TD Cowen Future of the Consumer Conference Transcript
Conference Presentations
2026-04-08
Q1 2026 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2026-03-17
Delta Air Lines Inc at JPMorgan Industrials Conference Transcript
Conference Presentations
2026-01-13
Q4 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2025-12-03
Delta Air Lines Inc at Morgan Stanley Global Consumer & Retail Conference Transcript
Conference Presentations
2025-10-09
Q3 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2025-07-10
Q2 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2025-04-09
Q1 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
10 of 60
5-Step DuPont Analysis
ROE %
20.13%
×
×
Net Margin %
5.79%
×
×
Operating Margin %
8.08%
Operating Income
$5.52B
÷
Revenue
$68.29B
×
Tax Burden
0.7770
Net Income
$3.95B
÷
Pretax Income
$5.08B
×
Interest Burden
0.9219
Pretax Income
$5.08B
÷
Operating Income
$5.52B
×
Asset Turnover
0.83
÷
Revenue
$68.29B
÷
Average Total Assets
$82.36B
Begin Total Assets
$78.39B
End Total Assets
$86.32B
×
Equity Multiplier
4.20
÷
Avg Total Assets
$82.36B
÷
Avg Stockholders Equity
$19.63B
Begin Equity
$17.44B
End Equity
$21.82B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| Berkshire Hathaway Inc | 57.3M | 8.78% | +17.5M | $5.37B |
| BlackRock, Inc. | 45.1M | 6.91% | +981.4K | $4.22B |
| VANGUARD CAPITAL MANAGEMENT LLC | 41.3M | 6.32% | -637.0K | $3.87B |
| FMR LLC | 33.2M | 5.08% | +5.7M | $3.11B |
| Sanders Capital, LLC | 29.1M | 4.46% | -337.5K | $2.73B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 26.3M | 4.03% | -1.1M | $2.47B |
| STATE STREET CORP | 24.1M | 3.69% | +669.4K | $2.26B |
| Capital International Investors | 20.7M | 3.17% | +119.7K | $1.94B |
| GEODE CAPITAL MANAGEMENT, LLC | 18.5M | 2.83% | +541.3K | $1.75B |
| PRIMECAP MANAGEMENT CO/CA/ | 17.5M | 2.68% | -27.4K | $1.64B |
10 of 1,538
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Bastian Edward HOfficer | 1.4M | 0.2088% | $102.76M |
| Carter Peter WOfficer | 424.7K | 0.0650% | $32.01M |
| Janki Daniel C.Officer | 381.9K | 0.0585% | $28.79M |
| HAUENSTEIN GLEN WOfficer | 280.3K | 0.0429% | $21.13M |
| Ausband Allison COfficer | 128.9K | 0.0197% | $9.71M |
| Taylor David SDirector | 126.5K | 0.0194% | $9.54M |
| Sear Steven MOfficer | 104.4K | 0.0160% | $7.87M |
| BELLEMARE ALAINOfficer | 95.0K | 0.0145% | $7.16M |
| Smith Joanne DOfficer | 85.1K | 0.0130% | $6.42M |
| Laughter John EOfficer | 54.4K | 0.0083% | $4.10M |
10 of 27
View allRecent insider activity
through Aug 5, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| HUERTA MICHAEL PDirector | Open-Market or Private Sale | -3.1K | $291.8K | Aug 5, 2026 |
| Sear Steven MOfficer | Option Exercise (Rule 16b-3 Exempt) | +40.5K | $2.07M | Aug 5, 2026 |
| Sear Steven MOfficer | Open-Market or Private Sale | -40.5K | $3.79M | Aug 5, 2026 |
| Carter Peter WOfficer | Option Exercise (Rule 16b-3 Exempt) | +39.9K | $1.97M | Aug 4, 2026 |
| Carter Peter WOfficer | Open-Market or Private Sale | -39.9K | $3.71M | Aug 4, 2026 |
| Bastian Edward HOfficer | Option Exercise (Rule 16b-3 Exempt) | +206.5K | $10.19M | Aug 4, 2026 |
| Bastian Edward HOfficer | Open-Market or Private Sale | -206.5K | $19.16M | Aug 4, 2026 |
| DEWALT DAVID GDirector | Open-Market or Private Sale | -31.8K | $2.88M | Aug 3, 2026 |
| Hale Leslie D.Director | Grant/Award (Rule 16b-3(d)) | +2.4K | — | Jun 18, 2026 |
| Taylor David SDirector | Grant/Award (Rule 16b-3(d)) | +3.8K | — | Jun 18, 2026 |
10 of 1,983
View all