Delta Air Lines (DAL) Debt Ratio (2009 - 2026)
Delta Air Lines' (DAL) quarterly Debt Ratio came in at 0.2 in Q2 2026, down 10.49% on a YoY basis from 0.23 in Q2 2025, and down 2.05% quarter-over-quarter from 0.21 in Q1 2026.
Analysis
Delta Air Lines (DAL) Debt Ratio (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported Debt Ratio for 18 consecutive years, with 0.2 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio fell 10.49% year-over-year to 0.2; the trailing twelve-month figure through Jun 2026 stood at 0.2 (down 10.49% YoY), and the FY2025 full-year result was 0.2, down 20.3% from the prior year.
- Debt Ratio slipped to 0.2 in Q2 2026 per DAL's latest filing, from 0.21 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.36 in Q1 2022 and bottomed at 0.2 in Q4 2025.
- Historically, Debt Ratio has averaged 0.28 across 5 years, with a median of 0.28 in 2024.
- The sharpest annual moves came in 2024 and 2025: Debt Ratio retreated 3.29% in 2024, then retreated 21.68% in 2025.
- Over 5 years, Debt Ratio stood at 0.34 in 2022, then retreated by 10.33% to 0.31 in 2023, then slipped by 19.82% to 0.25 in 2024, then slipped by 20.3% to 0.2 in 2025, then advanced by 2.64% to 0.2 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.2, 0.21, and 0.2 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.14 Bn | 46.47 Bn | 19.07 Bn | 0.20 |
| 2 | Ryanair Holdings | 27.96 Bn | 24.03 Bn | - | 0.00 |
| 3 | Southwest Airlines | 18.91 Bn | 15.12 Bn | 7.33 Bn | 0.20 |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 0.32 |
| 5 | Alaska Air | 4.45 Bn | 1.79 Bn | 3.76 Bn | 0.31 |
| 6 | Skywest | 3.77 Bn | 3.17 Bn | 1.01 Bn | 0.31 |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.20 Bn | 1.17 Bn | - | 0.06 |
| 8 | Allegiant Travel | 1.74 Bn | 681.68 Mn | 902.77 Mn | 0.48 |
| 9 | Jetblue Airways | 1.65 Bn | -373.56 Mn | 2.32 Bn | 0.55 |
| 10 | Frontier Group Holdings | 1.27 Bn | 311.03 Mn | - | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.20 |
| Sep 30, 2025 | 0.22 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | 0.25 |
| Dec 31, 2024 | 0.25 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 0.28 |
| Mar 31, 2024 | 0.29 |
| Dec 31, 2023 | 0.31 |
| Sep 30, 2023 | 0.29 |
| Jun 30, 2023 | 0.30 |
| Mar 31, 2023 | 0.32 |
| Dec 31, 2022 | 0.34 |
| Sep 30, 2022 | 0.34 |
| Jun 30, 2022 | 0.35 |
| Mar 31, 2022 | 0.36 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 0.41 |