Stocks Consumer discretionary DAL
NYSE · Consumer discretionaryDelta Air Lines, Inc. (DAL)
Delta Air Lines, Inc. brought in $71.8B of revenue over the twelve months to September 30, 2026, up 14.1% from a year earlier. Net income was $3.3B, a net margin of 4.6%. Operating cash flow minus capital spending left $3.8B of free cash flow in fiscal 2025. At September 30, 2026 it held $3.8B in cash against $12.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 9, 2026.
Key facts about Delta Air Lines, Inc.
- Net worth
- Delta Air Lines, Inc. has a market value (market cap) of $60.6B at the latest share price, and shareholders' equity of $22.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $63.4B (+2.8% year on year), with net income of $5B. Over the 12 months to September 30, 2026: revenue $71.8B, net income $3.3B.
- Cash flow
- In fiscal 2025 operations brought in $8.3B of cash; after $4.5B of capital spending, free cash flow was $3.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Delta Air Lines, Inc.'s next report is expected around January 12, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Delta Air Lines, Inc. declared dividends of $0.68 per share in fiscal 2025, a yield of 0.73% at the current price.
What Delta Air Lines, Inc. does
Delta Air Lines provides scheduled air transportation for passengers and cargo throughout North America and internationally. The company operates domestic and international flights, airport lounges, and loyalty programs for business and leisure travelers. Its shares trade on NYSE under the ticker DAL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $63.4B | $5B | $7.66 | $3.8B |
| 2024 | $61.6B | $3.5B | $5.33 | $2.9B |
| 2023 | $58B | $4.6B | $7.17 | $1.1B |
| 2022 | $50.6B | $1.3B | $2.06 | -$3M |
| 2021 | $29.9B | $280M | $0.44 | $17M |
| 2020 | $17.1B | -$12.4B | -$19.49 | -$5.7B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DAL ranks in Consumer discretionary
Dividends
Delta Air Lines, Inc. declared $0.68 per share in fiscal 2025. At the current price that is a yield of 0.73%. It paid out $440M in cash dividends, 9% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.68 | $440M | 9% |
| 2024 | $0.50 | $321M | 9% |
| 2023 | $0.20 | $128M | 3% |
| 2022 | $0.00 | $0 | 0% |
| 2021 | $0.00 | $0 | 0% |
| 2020 | $0.40 | $260M | n/a |
Latest SEC filings
What Delta Air Lines, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 5, 2026Activist stake changed SCHEDULE 13D/A
- October 9, 2026Quarterly report10-Q · period to September 30, 2026Delta reported higher passenger and refinery revenues for the September 2026 quarter, but operating income declined due to sharp increases in fuel and labor costs.Revenue rose 21% to $20.2B versus the same quarter last year; diluted EPS $1.15 versus $2.17.
- October 9, 2026Quarterly results8-KDelta Air Lines reported record revenue for the September quarter of 2026, though GAAP earnings declined amid significantly higher fuel expenses.
- August 28, 2026Form N-PX filing N-PX
- August 14, 2026Form 13F-HR filing 13F-HR
- August 6, 2026Passive stake (5% or more) SCHEDULE 13G
- July 10, 2026
- July 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 19% to $19.8B versus the same quarter last year; diluted EPS $2.44 versus $3.27.
- July 10, 2026
What is DAL worth? A DCF from its reported cash flow
Insider trades
What the people running Delta Air Lines, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $10.5M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Bellemare AlainEVP & Pres. - International | Sold | 15,000 | $1.3M |
| November 6, 2026 | Bellemare AlainEVP & Pres. - International | Exercised options | 13,000 | $517.1K |
| November 6, 2026 | Bellemare AlainEVP & Pres. - International | Sold | 13,000 | $1.1M |
| November 4, 2026 | Carter Peter WPresident | Sold | 44,950 | $4M |
| October 29, 2026 | Bastian Edward HChief Executive Officer, Director | Sold | 50,000 | $4.1M |
| August 5, 2026 | Sear Steven MEVP - Global Sales & Distrib | Exercised options | 40,460 | $2.1M |
| August 5, 2026 | Sear Steven MEVP - Global Sales & Distrib | Sold | 40,460 | $3.8M |
| August 5, 2026 | Huerta Michael PDirector | Sold | 3,100 | $291.8K |
Who owns DAL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Delta Air Lines, Inc.13D, may seek influence | 36.3% | June 2, 2026 |
| Vanguard Capital Management13G, passive | 7.23% | April 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.1% | August 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,513 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Berkshire Hathaway Inc | 57,320,000 | +17,510,544 |
| BlackRock, Inc. | 45,106,139 | -309,593 |
| Vanguard Capital Management LLC | 41,307,000 | -3,872,893 |
| Fmr LLC | 33,187,319 | +5,683,286 |
| Sanders Capital, LLC | 29,129,629 | -337,526 |
| Vanguard Portfolio Management LLC | 26,329,259 | -1,053,825 |
| State Street Corp | 24,129,558 | +256,911 |
| Capital International Investors | 20,689,945 | +119,654 |
| Geode Capital Management, LLC | 18,511,900 | -499,397 |
| Primecap Management Co | 17,521,167 | -27,400 |
| Harris Associates L P | 17,329,926 | -673,028 |
| Bank of New York Mellon Corp | 12,627,009 | +345,488 |
| Morgan Stanley | 11,722,155 | -1,776,248 |
| Dimensional Fund Advisors LP | 9,604,863 | -434,251 |
| Aqr Capital Management LLC | 7,859,947 | -579,195 |
| Jpmorgan Chase & Co | 6,729,036 | -638,063 |
| Goldman Sachs Group Inc | 6,344,026 | +1,223,185 |
| Newport Trust Company, LLC | 6,216,343 | -1,650,077 |
| Northern Trust Corp | 5,022,282 | -165,921 |
| Invesco Ltd. | 5,003,694 | -1,145,868 |
Insiders
26 insiders reported holding 3,212,509 shares in total, about $296.2M at the last price.
| Holder | Shares |
|---|---|
| Bastian Edward HChief Executive Officer, Director | 1,313,448 |
| Janki Daniel C.EVP & Chief Operating Officer | 381,937 |
| Carter Peter WPresident | 379,754 |
| Hauenstein Glen WPresident | 280,304 |
| Ausband Allison CEVP & Chief People Officer | 128,854 |
| Taylor David SDirector | 126,530 |
| Sear Steven MEVP - Global Sales & Distrib | 104,404 |
| Bellemare AlainEVP & Pres. - International | 80,025 |
| Laughter John EEVP & Chief of Operations | 54,369 |
| Snell Erik StoreyEVP & Chief Financial Officer | 48,898 |
Questions about DAL
What does Delta Air Lines, Inc. do?
Delta Air Lines provides scheduled air transportation for passengers and cargo throughout North America and internationally. The company operates domestic and international flights, airport lounges, and loyalty programs for business and leisure travelers. Its shares trade on NYSE under the ticker DAL.
What is Delta Air Lines, Inc.'s net worth?
Delta Air Lines, Inc. has a market value (market cap) of $60.6B at the latest share price, and shareholders' equity of $22.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Delta Air Lines, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.3B on revenue of $71.8B, a net margin of 4.6%.
How much revenue does Delta Air Lines, Inc. make?
Over the twelve months to September 30, 2026 Delta Air Lines, Inc. reported revenue of $71.8B. That is 14.1% more than a year earlier.
When did Delta Air Lines, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 9, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Delta Air Lines, Inc.'s next earnings report?
Delta Air Lines, Inc.'s next report is expected around January 12, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Delta Air Lines, Inc. pay a dividend?
Yes. Delta Air Lines, Inc. declared dividends of $0.68 per share in fiscal 2025, a yield of 0.73% at the current price.
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Where the numbers come from
Financial figures are the values Delta Air Lines, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.