Zacks Investment Research·18h ago
Dow Trades at All-Time Highs in Pre-MarketThe blue-chip index is racing ahead another +170 points in pre-market trading so far today, adding to its all-time closing high Monday.
Delta Air Lines, Inc.(DAL)Earnings, Financials & Key Ratios
DAL•NYSE
$88.63
11.6× P/E·Price updated Jul 7, 2026
AboutDelta 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, Minneapolis-St. Paul, Detroit, 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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.Show more
- Revenue$63.36B+2.8%
- EBITDA$8.27B-2.9%
- Net Income$5B+44.8%
- EPS (Diluted)7.66+43.7%
- Gross Margin22.84%-14.9%
- EBITDA Margin13.04%-5.5%
- Operating Margin9.19%-5.5%
- Net Margin7.9%+40.8%
- ROE27.77%+6.0%
DAL Price & Volume
Delta Air Lines, Inc. (DAL) stock price & volume — 10-year historical chart
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Deleveraging Progress Offsets Persistent Operational Margin Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Labor cost inflation pressure
Key Thesis Takeaways
- Delta Air Lines demonstrates a disciplined commitment to balance sheet repair, evidenced by a significant reduction in total debt from $27.3 billion in 2023Q4 to $14.2 billion in 2026Q1.
- While the company benefits from a premium revenue mix, investors should remain cautious regarding the structural volatility in operating margins, which compressed to 3.2% in 2026Q1 despite a 28.6% gross margin.
- Future performance hinges on the airline's ability to scale operational efficiency against rising labor costs and the ongoing capital intensity required for fleet modernization.
Verdict Logic
while the aggressive debt reduction to $14.2 billion is commendable, the current ratio of 0.42 and volatile operating margins suggest that liquidity risks and cost pressures warrant a wait-and-see approach.
DAL Growth Metrics
Delta Air Lines, Inc. (DAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.53%
5 Years29.96%
3 Years7.8%
TTM5.24%
Profit CAGR
10 Years1.01%
5 Years-
3 Years56.01%
TTM22.32%
EPS CAGR
10 Years3.13%
5 Years-
3 Years54.92%
TTM21.45%
Return on Capital
10 Years8.76%
5 Years9.34%
3 Years11.9%
Last Year11.39%
DAL Recent Earnings
Delta Air Lines, Inc. (DAL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 8, 2026Metric
Actual
Est
EPS
$0.64+10.3%
$0.58
Rev
$14.2B+1.1%
$14.0B
Q1 2026
Jan 13, 2026Metric
Actual
Est
EPS
$1.55+1.3%
$1.53
Rev
$14.6B-0.5%
$14.7B
Q4 2025
Oct 9, 2025Metric
Actual
Est
EPS
$1.71+8.9%
$1.57
Rev
$16.7B+10.5%
$15.1B
Q3 2025
Jul 10, 2025Metric
Actual
Est
EPS
$2.10+1.9%
$2.06
Rev
$16.6B+7.7%
$15.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 8, 2026 | $0.64vs $0.58+10.3% | $14.2Bvs $14.0B+1.1% |
| Q1 2026 | Jan 13, 2026 | $1.55vs $1.53+1.3% | $14.6Bvs $14.7B-0.5% |
| Q4 2025 | Oct 9, 2025 | $1.71vs $1.57+8.9% | $16.7Bvs $15.1B+10.5% |
| Q3 2025 | Jul 10, 2025 | $2.10vs $2.06+1.9% | $16.6Bvs $15.5B+7.7% |
Based on last 12 quarters of dataView full earnings history →
Latest DAL News
Recent stock market news and headlines for Delta Air Lines, Inc. (DAL)
Zacks Investment Research·19h ago
Unlocking Q2 Potential of Delta (DAL): Exploring Wall Street Estimates for Key MetricsGet a deeper insight into the potential performance of Delta (DAL) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Zacks Investment Research·1 day ago
Delta Air Lines (DAL) Stock Declines While Market Improves: Some Information for InvestorsDelta Air Lines (DAL) closed the most recent trading day at $91.68, moving 1.15% from the previous trading session.
Fool - Investing News·1 day ago
The Dow Couldn't Keep Up With Chip Stocks on MondayBroadcom's Apple deal and AMD's self-driving ambitions powered the Nasdaq higher on Monday while the Dow spun its wheels.
247 Wallst·1 day ago
Here Are Monday’s Best Wall Street Analyst Research Calls: Agnico Eagle Mines, Datadog, Delta Air Lines, Gilead Sciences, Okta, Pfizer, Regions Financial, T-Mobile, and MorePre-Market Stock Futures: Futures are trading mixed as we get ready to start the first full week of trading for the third quarter, as traders and investors return from the long 4th of July holiday. With second-quarter earnings starting this week, and with all of the major indices trading at or near all-time highs, you... Here Are Monday's Best Wall Street Analyst Research Calls: Agnico Eagle Mines, Datadog, Delta Air Lines, Gilead Sciences, Okta, Pfizer, Regions Financial, T-Mobile, and More
Peers Comparison
Key metrics vs top competitors for Delta Air Lines, Inc. (DAL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $88.63 | $58.23B | 11.57 | 2.79% | 7.9% | 27.77% | 0.76% | |
| $128.31 | $41.65B | 12.55 | 3.52% | 6.06% | 24.91% | — | |
| $17.20 | $11.36B | 101.18 | 0.78% | 0.36% | — | — | |
| $49.43 | $24.27B | 62.57 | 2.11% | 2.83% | 10.67% | — | |
| $49.09 | $5.47B | 56.43 | 21.34% | 0.51% | 1.85% | — | |
| $5.72 | $2.13B | -3.45 | -2.34% | -7.78% | -33.13% | — |
Compare DAL vs Peers
Delta Air Lines, Inc. (DAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DAL SEC Filings & Documents
Delta Air Lines, Inc. (DAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 22, 2026·SEC
Material company update
Jun 12, 2026·SEC
Material company update
Apr 8, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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DAL Frequently Asked Questions
Delta Air Lines, Inc. (DAL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Delta Air Lines, Inc.'s revenue?
Delta Air Lines, Inc. (DAL) reported $65.18B in revenue for fiscal year 2025. This represents a 379% increase from $13.59B in 1996.
How fast is Delta Air Lines, Inc. growing?
Delta Air Lines, Inc. (DAL) grew revenue by 2.8% over the past year. Growth has been modest.
Is DAL profitable?
Yes, Delta Air Lines, Inc. (DAL) is profitable, generating $4.48B in net income for fiscal year 2025 (7.9% net margin).
Dividend & Returns
Does DAL pay dividends?
Yes, Delta Air Lines, Inc. (DAL) pays a dividend with a yield of 0.76%. This makes it attractive for income-focused investors.
What is DAL's return on equity?
Delta Air Lines, Inc. (DAL) has a return on equity (ROE) of 27.8%. This is excellent, indicating efficient use of shareholder capital.
What is Delta Air Lines, Inc.'s free cash flow?
Delta Air Lines, Inc. (DAL) generated $3.92B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.