Delta Air Lines (DAL) Debt to Equity (2009 - 2026)
Delta Air Lines (DAL) reported Debt to Equity of $0.7 for Q1 2026, down 32.14% on a YoY basis from $1.02 in Q1 2025, and up 2.72% quarter-over-quarter from $0.68 in Q4 2025.
Delta Air Lines (DAL) Debt to Equity (2009 - 2026) Analysis & Trends
Delta Air Lines has reported Debt to Equity for 18 years, with the latest figure at $0.7 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity fell 32.14% year-over-year to $0.7; the trailing twelve-month figure through Mar 2026 stood at $0.7 (down 32.14% YoY), and the FY2025 full-year result was $0.68, down 36.09% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.7, up from $0.68 in the prior quarter.
- The five-year high for Debt to Equity was $8.54 in Q1 2022, with the low at $0.68 in Q4 2025.
- Historically, Debt to Equity has averaged $2.54 across 5 years, with a median of $1.74 in 2024.
- Annual changes were most pronounced in 2022 — Debt to Equity sank 85.67% — and 2026, when it sank 32.14%.
- Delta Air Lines' Debt to Equity stood at $3.5 in 2022, then plunged by 48.39% to $1.81 in 2023, then tumbled by 41.36% to $1.06 in 2024, then plunged by 36.09% to $0.68 in 2025, then gained by 2.72% to $0.7 in 2026.
- The last three Debt to Equity figures came in at $0.7 (Q1 2026), $0.68 (Q4 2025), and $0.79 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 0.13 |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 0.70 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | - |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 0.78 |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 0.71 |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 1.43 |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 0.88 |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 4.66 |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 1.63 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.70 |
| Dec 31, 2025 | 0.68 |
| Sep 30, 2025 | 0.79 |
| Jun 30, 2025 | 0.86 |
| Mar 31, 2025 | 1.02 |
| Dec 31, 2024 | 1.06 |
| Sep 30, 2024 | 1.30 |
| Jun 30, 2024 | 1.45 |
| Mar 31, 2024 | 1.74 |
| Dec 31, 2023 | 1.81 |
| Sep 30, 2023 | 2.12 |
| Jun 30, 2023 | 2.49 |
| Mar 31, 2023 | 3.51 |
| Dec 31, 2022 | 3.50 |
| Sep 30, 2022 | 5.06 |
| Jun 30, 2022 | 6.52 |
| Mar 31, 2022 | 8.54 |
| Dec 31, 2021 | 6.93 |
| Sep 30, 2021 | 10.67 |
| Jun 30, 2021 | 22.40 |