Delta Air Lines, Inc.
DAL Industrials Airlines
Delta Air Lines, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $63.4 billion, up 2.79% from fiscal 2024. In the quarter to September 2026, revenue grew 21.1%, EPS fell 47.3%, free cash flow fell 56.4% and total debt fell 13.6%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five.
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Delta Air Lines, Inc. (DAL) Free cash flow
Delta Air Lines, Inc.'s free cash flow for fiscal 2025 was $3.8B, up 33.2% from $2.9B in fiscal 2024. Over the twelve months to 30 September 2026 it was $3.0B. Over the past ten years it has ranged from −$5.7B (fiscal 2020) to $5.0B (fiscal 2015); the current reading is higher than 91% of that period. Free cash flow has risen for 3 consecutive fiscal years. Delta Air Lines, Inc. ranks 2nd of 18 Airlines companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.8B | 33.21% |
| FY2024 | $2.9B | 152.85% |
| FY2023 | $1.1B | — |
| FY2022 | −$3.0M | — |
| FY2021 | $17.0M | — |
| FY2020 | −$5.7B | — |
| FY2019 | $3.5B | 89.00% |
| FY2018 | $1.8B | 63.07% |
| FY2017 | $1.1B | (70.40%) |
| FY2016 | $3.8B | (23.24%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $300.0M | 118.98% |
| Jun 2026 | $137.0M | (88.88%) |
| Mar 2026 | $1.2B | (8.94%) |
| Dec 2025 | $1.4B | 96.66% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ZNH China Southern Airlines Company Limited compare | $8.1B |
| DAL Delta Air Lines, Inc. | $3.0B |
| UAL United Airlines Holdings Inc compare | $2.6B |
| LTM LATAM Airlines Group S.A. compare | $2.2B |
| RYAAY Ryanair Holdings PLC compare | $2.0B |
| AAL American Airlines Group Inc. compare | $285.0M |
| CPA Copa Holdings, S.A. compare | $177.1M |
| LUV Southwest Airlines Co. compare | −$7.0M |
| ALK Alaska Air Group, Inc. compare | −$548.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on DAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement