Delta Air Lines is executing a successful deleveraging strategy, with total debt down from $26.3B in 2024Q1 to $20.0B in 2026Q2 and D/E improving from 2.36 to 0.92. Revenue growth rebounded to 18.7% YoY in 2026Q2, but margins remain volatile, swinging from a 3...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth rebounded to 18.7% YoY in 2026Q2, but margins remain volatile, with gross margin swinging from 20.7% in 2024Q1 to 33.5% in 2026Q2 and a net loss of -$289M in 2026Q1.
The stock has shown strong technical indicators, with a potential upside to $56, as highlighted in previous bullish analyses.
Delta Air Lines has solid fundamentals, contributing to investor confidence and a 17% stock appreciation since prior coverage.
Delta's long-standing frequent-flyer program and its relationship with American Express add significant value to its revenue model.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 9, 2026 | $1.56+4.7% vs $1.49 | $19.8B+13.4% vs $17.4B |
Q2 2026 Apr 8, 2026 | $0.64+10.3% vs $0.58 | $14.2B+1.1% vs $14.0B |
Q1 2026 Jan 13, 2026 | $1.55+1.3% vs $1.53 | $14.6B-0.5% vs $14.7B |
Q4 2025 Oct 9, 2025 | $1.71+8.9% vs $1.57 | $16.7B+10.5% vs $15.1B |
A failed telecom circuit at a single Philadelphia air-traffic facility shut down every major airport in the New York City area for hours on Monday, snarling more than 1,000 flights as 130 world leaders flew in for the United Nations General Assembly, according to Reuters.
DAL plans its largest-ever LAX summer schedule in 2027, with 200+ daily departures and expanded premium lounges and onboard offerings.
The leading network airline is a very different business from what it was a decade ago, and it might be time for the market to rerate its stock.
ATLANTA, Sept. 18, 2026 /PRNewswire/ -- Delta Air Lines will hold a live conference call and webcast to discuss its September quarter 2026 financial results at 10 a.m.
Benchmark DAL against direct peers instead of judging its metrics in isolation.
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 |
|---|---|---|---|---|---|---|---|
| $83.92 | $55.19B | 10.96 | 2.79% | 7.9% | 27.77% | 0.8% | |
| $115.21 | $37.39B | 11.27 | 3.52% | 5.56% | 22.5% | — | |
| $13.61 | $9.01B | 80.06 | 0.78% | -0.56% | — | — | |
| $42.08 | $20.59B | 53.27 | 2.11% | 2.78% | 11.27% | — | |
| $41.91 | $4.67B | 48.17 | 21.34% | -1.19% | -4.5% | — | |
| $4.55 | $1.72B | -2.74 | -2.34% | -9.32% | -45.51% | — |
Delta Air Lines, Inc. (DAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Delta Air Lines, Inc. (DAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 10, 2026·SEC
Jun 22, 2026·SEC
Jun 12, 2026·SEC
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Delta Air Lines, Inc. (DAL) stock FAQ — growth, dividends, profitability & financials explained
Delta Air Lines, Inc. (DAL) reported $68.29B in revenue for fiscal year 2025. This represents a 402% increase from $13.59B in 1996.
Delta Air Lines, Inc. (DAL) grew revenue by 2.8% over the past year. Growth has been modest.
Yes, Delta Air Lines, Inc. (DAL) is profitable, generating $3.95B in net income for fiscal year 2025 (7.9% net margin).
Yes, Delta Air Lines, Inc. (DAL) pays a dividend with a yield of 0.80%. This makes it attractive for income-focused investors.
Delta Air Lines, Inc. (DAL) has a return on equity (ROE) of 27.8%. This is excellent, indicating efficient use of shareholder capital.
Delta Air Lines, Inc. (DAL) generated $6.07B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
