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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 |
| 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 |
| Operating Income | - | 3,661 | 5,521 | 5,995 | 5,822 |
| EBITDA | - | 5,050 | 8,783 | 7,918 | 9,307 |
| EBIT | - | 2,943 | 6,442 | 5,405 | 6,864 |
| Pretax Income | - | 1,914 | 5,608 | 4,658 | 6,185 |
| Tax Provision | - | 596 | 999 | 1,201 | 1,180 |
| Net Income | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Net Income Common Stockholders | - | 1,318 | 4,609 | 3,457 | 5,005 |
| Total Expenses | - | 46,921 | 52,527 | 55,648 | 57,542 |
| Interest Expense | - | 1,029 | 834 | 747 | 679 |
| Selling General And Administration | - | 1,891 | 2,334 | 2,485 | 2,485 |
| Normalized EBITDA | - | 5,933 | 7,583 | 8,276 | 8,121 |
| Normalized Income | - | 1,925.50 | 3,622.60 | 3,722.64 | 4,045.53 |
| Market Cap | 44,971.25 | 44,971.25 | 44,971.25 | 44,971.25 | 44,971.25 |
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 | $44.4B | 8.99↓ discount | 2.16 | 24.0% | 6.55 |
| AMETEK, Inc. | AME | $53.7B | 36.05 | 5.02 | 13.9% | 24.00 |
| Carrier Global Corporation | CARR | $52.0B | 34.32 | 3.69 | 10.8% | 17.46 |
| Fastenal Company | FAST | $51.1B | 40.77 | 13.01 | 31.9% | 27.97 |
| Old Dominion Freight Line, Inc. | ODFL | $46.3B |
| - |
| - |
| - |
| - |
| - |
| 44.79 |
| 10.64 |
| 23.7% |
| 26.51 |
| Westinghouse Air Brake Technologies Corporation | WAB | $45.7B | 38.73 | 4.07 | 10.5% | 22.03 |
| Rockwell Automation, Inc. | ROK | $45.1B | 51.91 | 12.34 | 23.8% | 34.54 |
| Thomson Reuters Corporation | TRI | $40.3B | 26.47 | 3.37 | 12.7% | 13.70 |
| EMCOR Group, Inc. | EME | $39.1B | 30.44 | 10.54 | 34.6% | 19.84 |
| Peer Median | - | 37.39 | 7.78 | 18.8% | 23.01 | |