Delta Air Lines (DAL) Debt Ratio (2009 - 2026)

Delta Air Lines (DAL) reported Debt Ratio of 0.17 for Q1 2026, down 18.01% on a YoY basis from 0.2 in Q1 2025, and down 3.33% quarter-over-quarter from 0.17 in Q4 2025.

Delta Air Lines (DAL) Debt Ratio (2009 - 2026) Analysis & Trends

Delta Air Lines has reported Debt Ratio for 18 years, with the latest figure at 0.17 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 18.01% year-over-year to 0.17; the trailing twelve-month figure through Mar 2026 stood at 0.17 (down 18.01% YoY), and the FY2025 full-year result was 0.17, down 19.23% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.17, down from 0.17 in the prior quarter.
  • The five-year high for Debt Ratio was 0.35 in Q1 2022, with the low at 0.17 in Q1 2026.
  • Historically, Debt Ratio has averaged 0.25 across 5 years, with a median of 0.26 in 2024.
  • Annual changes were most pronounced in 2022 — Debt Ratio retreated 11.85% — and 2024, when it fell 21.1%.
  • Delta Air Lines' Debt Ratio stood at 0.32 in 2022, then fell by 14.53% to 0.27 in 2023, then slipped by 21.1% to 0.21 in 2024, then dropped by 19.23% to 0.17 in 2025, then slipped by 3.33% to 0.17 in 2026.
  • The last three Debt Ratio figures came in at 0.17 (Q1 2026), 0.17 (Q4 2025), and 0.19 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 0.07
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 0.17
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 0.49
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 0.18
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 0.30
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 0.26
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 0.33
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 0.07
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn 0.51
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 0.41

Historic Data

Download Data
DateValue
Mar 31, 2026 0.17
Dec 31, 2025 0.17
Sep 30, 2025 0.19
Jun 30, 2025 0.19
Mar 31, 2025 0.20
Dec 31, 2024 0.21
Sep 30, 2024 0.23
Jun 30, 2024 0.24
Mar 31, 2024 0.26
Dec 31, 2023 0.27
Sep 30, 2023 0.27
Jun 30, 2023 0.27
Mar 31, 2023 0.30
Dec 31, 2022 0.32
Sep 30, 2022 0.32
Jun 30, 2022 0.33
Mar 31, 2022 0.35
Dec 31, 2021 0.37
Sep 30, 2021 0.38
Jun 30, 2021 0.38