Loading…
Delta 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, Detroit, Minneapolis-St. Paul, 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages. The company operates through a fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $63.4B | $9.3B | $5.0B | $3.8B | 24.0% | 2.8% | 44.8% |
| 2024 | $61.6B | $7.9B | $3.5B | $2.9B | 22.6% | 6.2% | -25.0% |
| 2023 | $58.0B | $8.8B | $4.6B | $1.1B | 41.5% | 14.8% | 249.7% |
| 2022 | $50.6B | $5.0B | $1.3B | $-3M | 20.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 50,582 | 58,048 | 61,643 | 63,364 |
| Operating Revenue | - | 41,268 | 49,632 | 51,716 | 52,668 |
| Cost Of Revenue | - | 39,985 | 43,913 | 46,475 | 48,052 |
| Gross Profit | - | 10,597 | 14,135 | 15,168 | 15,312 |
| Operating Expense | - | 6,936 | 8,614 | 9,173 | 9,490 |
| Selling General And Administration | - | 1,891 | 2,334 | 2,485 | 2,485 |
| Total Expenses | - | 46,921 | 52,527 | 55,648 | 57,542 |
| Operating Income | - | 3,661 | 5,521 | 5,995 | 5,822 |
| Total Operating Income As Reported | - | 3,661 | 5,521 | 5,995 | 5,822 |
| EBITDA | - | 5,050 | 8,783 | 7,918 | 9,307 |
| Normalized EBITDA | - | 5,933 | 7,583 | 8,276 | 8,121 |
| EBIT | - | 2,943 | 6,442 | 5,405 | 6,864 |
| Interest Expense | - | 1,029 | 834 | 747 | 679 |
| Net Interest Income | - | -1,029 | -834 | -747 | -679 |
| Other Non Operating Income Expenses | - | 165 | -279 | -232 | -144 |
| Other Income Expense | - | -718 | 921 | -590 | 1,042 |
| Interest Expense Non Operating | - | 1,029 | 834 | 747 | 679 |
| Net Non Operating Interest Income Expense | - | -1,029 | -834 | -747 | -679 |
| Pretax Income | - | 1,914 | 5,608 | 4,658 | 6,185 |
| Tax Provision | - | 596 | 999 | 1,201 | 1,180 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -275.50 | 213.60 | -92.36 | 226.53 |
| Net Income Continuous Operations | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Net Income From Continuing And Discontinued Operation | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Net Income | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Net Income Common Stockholders | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Net Income Including Noncontrolling Interests | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Normalized Income | - | 1,925.50 | 3,622.60 | 3,722.64 | 4,045.53 |
| Diluted NI Availto Com Stockholders | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Basic Average Shares | - | 638 | 639 | 641 | 648 |
| Diluted Average Shares | - | 641 | 643 | 648 | 654 |
| Reconciled Depreciation | - | 2,107 | 2,341 | 2,513 | 2,443 |
| Reconciled Cost Of Revenue | - | 39,985 | 43,913 | 46,475 | 48,052 |
| Total Unusual Items | - | -883 | 1,200 | -358 | 1,186 |
| Total Unusual Items Excluding Goodwill | - | -883 | 1,200 | -358 | 1,186 |
| Special Income Charges | - | -100 | -63 | -39 | -26 |
| Other Special Charges | - | 100 | 63 | 39 | 26 |
| Write Off | 337 | 20 | - | - | - |
| Restructuring And Mergern Acquisition | -19 | -124 | - | - | - |
| Gain On Sale Of Security | - | -783 | 1,263 | -319 | 1,212 |
| General And Administrative Expense | -451 | -292 | 244 | 1,389 | - |
| Salaries And Wages | -451 | -292 | 244 | 1,389 | - |
| Rent Expense Supplemental | - | 2,689 | 3,095 | 3,698 | 4,106 |
| Other Operating Expenses | - | 5,045 | 6,280 | 6,688 | 7,005 |
| Selling And Marketing Expense | - | 1,891 | 2,334 | 2,485 | 2,485 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc.this co. | DAL | $52.2B | 10.44↓ discount | 2.51 | 24.0% | 7.33 |
| L3Harris Technologies, Inc. | LHX | $57.7B | 35.93 | 2.94 | 8.2% | 18.05 |
| Carrier Global Corporation | CARR | $56.9B | 38.36 | 4.12 | 10.8% | 19.16 |
| Fastenal Company | FAST | $54.1B | 43.02 | 13.73 | 31.9% | 29.51 |
| AMETEK, Inc. | AME | $52.4B |
| - |
| - |
| - |
| - |
| - |
| 35.42 |
| 4.93 |
| 13.9% |
| 23.59 |
| Rockwell Automation, Inc. | ROK | $51.4B | 59.19 | 14.08 | 23.8% | 39.07 |
| Old Dominion Freight Line, Inc. | ODFL | $51.1B | 49.88 | 11.84 | 23.7% | 29.53 |
| Ferrovial SE | FER | $47.6B | 53.61 | 8.06 | 15.0% | 27.07 |
| Westinghouse Air Brake Technologies Corporation | WAB | $44.5B | 38.07 | 4.00 | 10.5% | 21.69 |
| Peer Median | - | 40.69 | 6.50 | 14.5% | 25.33 | |