DELTA AIR LINES, INC. (DAL)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue16,673,000,000$16,648,000,000$14,040,000,000$15,559,000,000$15,677,000,000$16,658,000,000$13,748,000,000$14,223,000,000$15,488,000,000$15,578,000,000$12,759,000,000$13,435,000,000$13,975,000,000$13,824,000,000$9,348,000,000$9,470,000,000$9,154,000,000$7,126,000,000$4,150,000,000$3,973,000,000$3,062,000,000$1,468,000,000$8,592,000,000$11,439,000,000$12,560,000,000$12,536,000,000$10,472,000,000$10,742,000,000$11,953,000,000$11,775,000,000$9,968,000,000$10,229,000,000$11,061,000,000$10,747,000,000$9,101,000,000$9,458,000,000$10,483,000,000$10,447,000,000$9,251,000,000$9,502,000,000$11,107,000,000$10,707,000,000$9,388,000,000$9,647,000,000$11,178,000,000$10,621,000,000$8,916,000,000$9,076,000,000$
QoQ%.15%18.58%(9.76%)(.75%)(5.89%)21.17%(3.34%)(8.17%)(.58%)22.09%(5.03%)(3.86%)1.09%47.88%(1.29%)3.45%28.46%71.71%4.46%29.75%108.58%(82.91%)(24.89%)(8.93%).19%19.71%(2.51%)(10.13%)1.51%18.13%(2.55%)(7.52%)2.92%18.09%(3.78%)(9.78%).35%12.93%(2.64%)(14.45%)3.74%14.05%(2.69%)(13.70%)5.24%19.12%(1.76%)(13.48%)
YoY%6.35%(.06%)2.12%9.39%1.22%6.93%7.75%5.87%10.83%12.69%36.49%41.87%52.67%93.99%125.25%138.36%198.96%385.42%(51.70%)(65.27%)(75.62%)(88.29%)(17.95%)6.49%5.08%6.46%5.06%5.02%8.06%9.57%9.53%8.15%5.51%2.87%(1.62%)(.46%)(5.62%)(2.43%)(1.46%)(1.50%)(.64%).81%5.29%6.29%6.56%9.42%4.89%5.51%
Cost Of Revenue3,626,000,000$3,473,000,000$3,398,000,000$3,349,000,000$3,716,000,000$3,717,000,000$3,482,000,000$3,761,000,000$3,746,000,000$3,265,000,000$3,392,000,000$3,547,000,000$4,011,000,000$3,896,000,000$2,718,000,000$2,236,000,000$2,181,000,000$2,051,000,000$1,614,000,000$1,230,000,000$1,043,000,000$890,000,000$2,245,000,000$2,971,000,000$2,809,000,000$2,840,000,000$2,499,000,000$2,838,000,000$3,036,000,000$2,863,000,000$2,339,000,000$2,270,000,000$2,265,000,000$2,146,000,000$1,927,000,000$2,538,000,000$1,893,000,000$1,670,000,000$1,641,000,000$1,829,000,000$2,285,000,000$1,905,000,000$2,268,000,000$4,470,000,000$3,410,000,000$2,845,000,000$2,618,000,000$2,619,000,000$
Gross Profit13,047,000,000$13,175,000,000$10,642,000,000$12,210,000,000$11,961,000,000$12,941,000,000$10,266,000,000$10,462,000,000$11,742,000,000$12,313,000,000$9,367,000,000$9,888,000,000$9,964,000,000$9,928,000,000$6,630,000,000$7,234,000,000$6,973,000,000$5,075,000,000$2,536,000,000$2,743,000,000$2,019,000,000$578,000,000$6,347,000,000$8,468,000,000$9,751,000,000$9,696,000,000$7,973,000,000$7,904,000,000$8,917,000,000$8,912,000,000$7,629,000,000$7,959,000,000$8,796,000,000$8,601,000,000$7,174,000,000$6,920,000,000$8,590,000,000$8,777,000,000$7,610,000,000$7,673,000,000$8,822,000,000$8,802,000,000$7,120,000,000$5,177,000,000$7,768,000,000$7,776,000,000$6,298,000,000$6,457,000,000$
Gross Margin78.25%79.14%75.80%78.48%76.30%77.69%74.67%73.56%75.81%79.04%73.42%73.60%71.30%71.82%70.92%76.39%76.17%71.22%61.11%69.04%65.94%39.37%73.87%74.03%77.64%77.35%76.14%73.58%74.60%75.69%76.54%77.81%79.52%80.03%78.83%73.17%81.94%84.02%82.26%80.75%79.43%82.21%75.84%53.66%69.49%73.21%70.64%71.14%
Operating Expenses11,363,000,000$11,073,000,000$10,073,000,000$10,493,000,000$10,564,000,000$10,674,000,000$9,652,000,000$9,140,000,000$9,758,000,000$9,822,000,000$9,644,000,000$8,418,000,000$8,508,000,000$8,409,000,000$7,413,000,000$6,971,000,000$4,768,000,000$4,259,000,000$3,934,000,000$3,601,000,000$8,405,000,000$5,393,000,000$6,757,000,000$7,069,000,000$10,489,000,000$10,408,000,000$9,452,000,000$9,651,000,000$10,308,000,000$10,091,000,000$9,124,000,000$9,067,000,000$9,238,000,000$8,765,000,000$8,102,000,000$8,205,000,000$8,514,000,000$8,024,000,000$7,711,000,000$7,785,000,000$8,894,000,000$8,233,000,000$7,990,000,000$10,475,000,000$10,343,000,000$9,042,000,000$8,296,000,000$8,375,000,000$
Operating Income1,684,000,000$2,102,000,000$569,000,000$1,717,000,000$1,397,000,000$2,267,000,000$614,000,000$1,322,000,000$1,984,000,000$2,491,000,000$(277,000,000$)1,470,000,000$1,456,000,000$1,519,000,000$(783,000,000$)263,000,000$2,205,000,000$816,000,000$(1,398,000,000$)(858,000,000$)(6,386,000,000$)(4,815,000,000$)(410,000,000$)1,399,000,000$2,071,000,000$2,128,000,000$1,020,000,000$1,090,000,000$1,645,000,000$1,684,000,000$844,000,000$1,162,000,000$1,823,000,000$1,982,000,000$999,000,000$1,020,000,000$1,969,000,000$2,423,000,000$1,540,000,000$1,717,000,000$2,213,000,000$2,474,000,000$1,398,000,000$(828,000,000$)835,000,000$1,579,000,000$620,000,000$701,000,000$
Operating Margin10.10%12.63%4.05%11.04%8.91%13.61%4.47%9.30%12.81%15.99%(2.17%)10.94%10.42%10.99%(8.38%)2.78%24.09%11.45%(33.69%)(21.60%)(208.56%)(328.00%)(4.77%)12.23%16.49%16.98%9.74%10.15%13.76%14.30%8.47%11.36%16.48%18.44%10.98%10.79%18.78%23.19%16.65%18.07%19.92%23.11%14.89%(8.58%)7.47%14.87%6.95%7.72%
Interest Income0$0$0$0$0$0$0$0$0$0$
Interest Expenses171,000,000$172,000,000$179,000,000$180,000,000$173,000,000$188,000,000$205,000,000$207,000,000$196,000,000$203,000,000$227,000,000$238,000,000$248,000,000$269,000,000$274,000,000$265,000,000$314,000,000$338,000,000$361,000,000$365,000,000$291,000,000$194,000,000$79,000,000$73,000,000$70,000,000$75,000,000$83,000,000$67,000,000$73,000,000$79,000,000$102,000,000$99,000,000$100,000,000$103,000,000$94,000,000$93,000,000$95,000,000$93,000,000$107,000,000$102,000,000$121,000,000$127,000,000$131,000,000$137,000,000$154,000,000$173,000,000$186,000,000$326,000,000$
Income Before Tax1,777,000,000$2,574,000,000$320,000,000$1,202,000,000$1,561,000,000$1,773,000,000$122,000,000$2,275,000,000$1,521,000,000$2,317,000,000$(506,000,000$)1,120,000,000$962,000,000$1,033,000,000$(1,200,000,000$)(395,000,000$)1,532,000,000$776,000,000$(1,515,000,000$)(1,108,000,000$)(6,859,000,000$)(7,014,000,000$)(607,000,000$)1,398,000,000$1,947,000,000$1,907,000,000$946,000,000$1,345,000,000$1,688,000,000$1,386,000,000$732,000,000$1,043,000,000$1,776,000,000$1,831,000,000$849,000,000$669,000,000$1,900,000,000$2,350,000,000$1,434,000,000$1,533,000,000$2,072,000,000$2,366,000,000$1,186,000,000$(1,140,000,000$)579,000,000$1,298,000,000$335,000,000$475,000,000$
Tax Expenses360,000,000$444,000,000$80,000,000$359,000,000$289,000,000$468,000,000$85,000,000$238,000,000$413,000,000$490,000,000$(143,000,000$)291,000,000$267,000,000$298,000,000$(260,000,000$)13,000,000$320,000,000$124,000,000$(338,000,000$)(353,000,000$)(1,480,000,000$)(1,297,000,000$)(73,000,000$)300,000,000$452,000,000$464,000,000$216,000,000$326,000,000$366,000,000$350,000,000$175,000,000$745,000,000$617,000,000$645,000,000$288,000,000$225,000,000$641,000,000$804,000,000$488,000,000$553,000,000$757,000,000$881,000,000$440,000,000$(428,000,000$)222,000,000$497,000,000$122,000,000$(8,004,000,000$)
Net Income1,417,000,000$2,130,000,000$240,000,000$843,000,000$1,272,000,000$1,305,000,000$37,000,000$2,037,000,000$1,108,000,000$1,827,000,000$(363,000,000$)829,000,000$695,000,000$735,000,000$(940,000,000$)(408,000,000$)1,212,000,000$652,000,000$(1,177,000,000$)(755,000,000$)(5,379,000,000$)(5,717,000,000$)(534,000,000$)1,099,000,000$1,495,000,000$1,443,000,000$730,000,000$1,019,000,000$1,322,000,000$1,037,000,000$557,000,000$299,000,000$1,159,000,000$1,186,000,000$561,000,000$622,000,000$1,259,000,000$1,546,000,000$946,000,000$980,000,000$1,315,000,000$1,485,000,000$746,000,000$(712,000,000$)357,000,000$801,000,000$213,000,000$8,479,000,000$
Profit Margin8.50%12.79%1.71%5.42%8.11%7.83%.27%14.32%7.15%11.73%(2.85%)6.17%4.97%5.32%(10.06%)(4.31%)13.24%9.15%(28.36%)(19.00%)(175.67%)(389.44%)(6.22%)9.61%11.90%11.51%6.97%9.49%11.06%8.81%5.59%2.92%10.48%11.04%6.16%6.58%12.01%14.80%10.23%10.31%11.84%13.87%7.95%(7.38%)3.19%7.54%2.39%93.42%
TTM7.36%7.24%5.91%5.61%7.71%7.46%8.49%7.94%5.94%5.36%3.51%2.61%.18%1.43%1.47%.93%(.28%)(36.37%)(102.96%)(72.45%)(42.88%)(10.74%)7.76%10.14%10.12%9.88%9.14%8.86%7.32%7.09%7.62%7.79%8.74%9.12%10.10%11.03%11.92%11.88%11.65%11.12%6.94%4.59%2.92%1.63%24.75%27.78%28.14%27.90%
Earnings to Minority
Earnings to Common Shareholders1,417,000,000$2,130,000,000$240,000,000$843,000,000$1,272,000,000$1,305,000,000$37,000,000$2,037,000,000$1,108,000,000$1,827,000,000$(363,000,000$)829,000,000$695,000,000$735,000,000$(940,000,000$)(408,000,000$)1,212,000,000$652,000,000$(1,177,000,000$)(755,000,000$)(5,379,000,000$)(5,717,000,000$)(534,000,000$)1,099,000,000$1,495,000,000$1,443,000,000$730,000,000$1,019,000,000$1,322,000,000$1,037,000,000$557,000,000$299,000,000$1,159,000,000$1,186,000,000$561,000,000$622,000,000$1,259,000,000$1,546,000,000$946,000,000$980,000,000$1,315,000,000$1,485,000,000$746,000,000$(712,000,000$)357,000,000$801,000,000$213,000,000$8,479,000,000$
QoQ%(33.47%)787.50%(71.53%)(33.73%)(2.53%)3,427.03%(98.18%)83.85%(39.35%)603.31%(143.79%)19.28%(5.44%)178.19%(130.39%)(133.66%)85.89%155.40%(55.89%)85.96%5.91%(970.60%)(148.59%)(26.49%)3.60%97.67%(28.36%)(22.92%)27.48%86.18%86.29%(74.20%)(2.28%)111.41%(9.81%)(50.60%)(18.56%)63.43%(3.47%)(25.48%)(11.45%)99.06%204.78%(299.44%)(55.43%)276.06%(97.49%)519.36%
YoY%11.40%63.22%548.65%(58.62%)14.80%(28.57%)110.19%145.72%59.42%148.57%61.38%303.19%(42.66%)12.73%20.14%45.96%122.53%111.41%(120.41%)(168.70%)(459.80%)(496.19%)(173.15%)7.85%13.09%39.15%31.06%240.80%14.06%(12.56%)(.71%)(51.93%)(7.94%)(23.29%)(40.70%)(36.53%)(4.26%)4.11%26.81%237.64%268.35%85.39%250.24%(108.40%)(73.92%)16.93%2,942.86%121,028.57%
Earnings Per Share, Basic2.18$3.28$0.37$1.31$1.98$2.04$0.06$3.19$1.73$2.86$(0.57$)1.30$1.09$1.15$(1.48$)(0.64$)1.90$1.02$(1.85$)(1.19$)(8.47$)(9.00$)(0.84$)1.71$2.31$2.22$1.10$1.50$1.93$1.49$0.79$0.42$1.62$1.63$0.77$0.85$1.70$2.04$1.22$1.26$1.67$1.85$0.91$(0.86$)0.43$0.95$0.25$10.01$
Earnings Per Share, Diluted2.17$3.27$0.37$1.29$1.97$2.01$0.06$3.15$1.72$2.85$(0.57$)1.29$1.08$1.15$(1.48$)(0.63$)1.89$1.02$(1.85$)(1.19$)(8.47$)(9.00$)(0.84$)1.70$2.31$2.21$1.09$1.49$1.92$1.49$0.79$0.42$1.61$1.62$0.77$0.85$1.69$2.03$1.21$1.25$1.65$1.83$0.90$(0.85$)0.42$0.94$0.25$9.89$
Unlevered FCF Per Share, Basic2.85$2.86$3.69$2.95$1.99$3.82$3.76$0.85$1.68$4.08$3.50$1.86$1.36$3.97$2.78$0.88$0.24$2.93$1.09$(2.02$)(4.06$)(0.46$)0.56$1.51$3.47$5.03$2.92$1.83$2.19$4.17$1.95$2.67$2.22$3.25$(1.14$)1.55$2.51$4.24$1.31$1.90$2.62$3.42$2.00$0.71$1.63$2.44$1.13$1.34$
Unlevered FCF Per Share, Diluted2.82$2.85$3.65$2.90$1.97$3.78$3.73$0.84$1.67$4.06$3.50$1.84$1.36$3.95$2.78$0.86$0.24$2.91$1.09$(2.02$)(4.06$)(0.46$)0.56$1.50$3.46$5.01$2.91$1.82$2.18$4.16$1.94$2.66$2.22$3.24$(1.14$)1.55$2.49$4.21$1.30$1.89$2.60$3.38$1.98$0.70$1.61$2.42$1.11$1.32$
Average Shares, Basic649,000,000649,000,000644,000,000642,000,000641,000,000641,000,000640,000,000639,000,000639,000,000639,000,000639,000,000639,000,000638,000,000638,000,000637,000,000634,000,000637,000,000637,000,000636,000,000637,000,000635,000,000635,000,000637,000,000643,000,000646,000,000650,000,000665,000,000679,000,000686,000,000695,000,000704,000,000708,000,000716,000,000728,000,000728,000,000732,000,000740,000,000758,000,000774,000,000779,000,000788,000,000803,000,000818,000,000825,000,000834,000,000841,000,000844,000,000847,000,000
Average Shares, Diluted654,000,000652,000,000652,000,000652,000,000647,000,000648,000,000645,000,000647,000,000644,000,000642,000,000639,000,000645,000,000641,000,000641,000,000637,000,000645,000,000641,000,000642,000,000636,000,000637,000,000635,000,000635,000,000637,000,000645,000,000648,000,000652,000,000667,000,000685,000,000688,000,000697,000,000706,000,000711,000,000719,000,000731,000,000731,000,000733,000,000744,000,000763,000,000780,000,000784,000,000795,000,000811,000,000826,000,000834,000,000843,000,000850,000,000853,000,000857,000,000
EBIT1,948,000,000$2,746,000,000$499,000,000$1,382,000,000$1,734,000,000$1,961,000,000$327,000,000$2,482,000,000$1,717,000,000$2,520,000,000$(279,000,000$)1,358,000,000$1,210,000,000$1,302,000,000$(926,000,000$)(130,000,000$)1,846,000,000$1,114,000,000$(1,154,000,000$)(743,000,000$)(6,568,000,000$)(6,820,000,000$)(528,000,000$)1,471,000,000$2,017,000,000$1,982,000,000$1,029,000,000$1,412,000,000$1,761,000,000$1,465,000,000$834,000,000$1,142,000,000$1,876,000,000$1,934,000,000$943,000,000$762,000,000$1,995,000,000$2,443,000,000$1,541,000,000$1,635,000,000$2,193,000,000$2,493,000,000$1,317,000,000$(1,003,000,000$)733,000,000$1,471,000,000$521,000,000$801,000,000$
EBITDA2,562,000,000$3,348,000,000$1,106,000,000$2,017,000,000$2,377,000,000$2,581,000,000$942,000,000$3,092,000,000$2,311,000,000$3,093,000,000$285,000,000$1,911,000,000$1,748,000,000$1,812,000,000$(420,000,000$)374,000,000$2,347,000,000$1,615,000,000$(662,000,000$)(244,000,000$)(6,023,000,000$)(6,229,000,000$)150,000,000$2,092,000,000$2,648,000,000$2,695,000,000$1,644,000,000$1,982,000,000$2,334,000,000$2,048,000,000$1,437,000,000$1,725,000,000$2,447,000,000$2,465,000,000$1,480,000,000$1,218,000,000$2,469,000,000$2,913,000,000$2,027,000,000$2,086,000,000$2,659,000,000$2,941,000,000$1,787,000,000$(565,000,000$)1,173,000,000$1,922,000,000$963,000,000$1,221,000,000$