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

Delta Air Lines (DAL) posted Debt Ratio of 0.16 for Q2 2026, down 16.4% on a QoQ basis from 0.19 in Q1 2026, and down 23.67% year-over-year from 0.21 in Q2 2025.

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

Delta Air Lines' Debt Ratio history runs 18 years deep, the most recent figure standing at 0.16 for Q2 2026.

  • Quarterly Debt Ratio fell 23.67% year-over-year to 0.16 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.16 (down 23.67% YoY) and the FY2025 annual result came in at 0.18, down 14.64% from the prior year.
  • Debt Ratio was 0.16 for Q2 2026 at Delta Air Lines, down from 0.19 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.35 in Q1 2022 and bottomed at 0.16 in Q2 2026.
  • A 5-year average of 0.26 and a median of 0.26 in 2024 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2024 — Debt Ratio dropped 0.86% — and 2026, when it declined 23.67%.
  • Delta Air Lines' Debt Ratio stood at 0.33 in 2022, then dropped by 17.08% to 0.27 in 2023, then declined by 21.1% to 0.21 in 2024, then dropped by 14.64% to 0.18 in 2025, then declined by 11.87% to 0.16 in 2026.
  • Business Quant data shows DAL's Debt Ratio at 0.16 in Q2 2026, 0.19 in Q1 2026, and 0.18 in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Latam Airlines 29,341.35 Bn 29,338.67 Bn 1.28 Mn 0.00
2 Ryanair Holdings 183.33 Bn 180.79 Bn - 0.00
3 Delta Air Lines 53.61 Bn 48.95 Bn 19.07 Bn 0.16
4 Southwest Airlines 21.85 Bn 18.53 Bn 7.33 Bn 0.20
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.69 Bn 7.93 Bn - 0.08
6 Copa Holdings 5.59 Bn 4.26 Bn 713.71 Mn 0.30
7 Alaska Air 5.12 Bn 3.35 Bn 3.20 Bn 0.26
8 Skywest 3.85 Bn 3.22 Bn 1.01 Bn 0.31
9 Jetblue Airways 1.85 Bn 1.44 Bn 1.87 Bn 0.51
10 Allegiant Travel 1.72 Bn 818.03 Mn 651.87 Mn 0.43

Historic Data

Download Data
DateValue
Jun 30, 2026 0.16
Mar 31, 2026 0.19
Dec 31, 2025 0.18
Sep 30, 2025 0.20
Jun 30, 2025 0.21
Mar 31, 2025 0.23
Dec 31, 2024 0.21
Sep 30, 2024 0.26
Jun 30, 2024 0.26
Mar 31, 2024 0.26
Dec 31, 2023 0.27
Sep 30, 2023 0.27
Jun 30, 2023 0.27
Mar 31, 2023 0.31
Dec 31, 2022 0.33
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