Delta Air Lines (DAL) Debt to Equity (2009 - 2026)
Delta Air Lines posted quarterly Debt to Equity of $0.7 for Q1 2026, down 32.14% year-on-year from $1.02 in Q1 2025, and up 2.72% on a QoQ basis from $0.68 in Q4 2025.
Delta Air Lines (DAL) has 18 years of Debt to Equity data on file, last reported 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.
- Across five years, Debt to Equity topped out at $8.54 in Q1 2022 and bottomed at $0.68 in Q4 2025.
- The 5-year median for Debt to Equity is $1.74 (2024), against an average of $2.54.
- The widest annual swing landed in 2022, when Debt to Equity tumbled 85.67%; it then tumbled 32.14% in 2026.
- A 5-year view of Debt to Equity shows it stood at $3.5 in 2022, then tumbled by 48.39% to $1.81 in 2023, then slumped by 41.36% to $1.06 in 2024, then tumbled by 36.09% to $0.68 in 2025, then advanced 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 0.70 |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 0.78 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 1.43 |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 0.88 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 0.71 |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 4.66 |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 1.63 |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 2.63 |
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 |
| Mar 31, 2021 | 59.61 |
| Dec 31, 2020 | 19.01 |
| Sep 30, 2020 | 8.88 |
| Jun 30, 2020 | 2.23 |
| Mar 31, 2020 | 0.88 |
| Dec 31, 2019 | 0.73 |
| Sep 30, 2019 | 0.67 |
| Jun 30, 2019 | 0.72 |
| Mar 31, 2019 | 0.83 |
| Dec 31, 2018 | 0.71 |
| Sep 30, 2018 | 0.69 |
| Jun 30, 2018 | 0.78 |
| Mar 31, 2018 | 0.70 |
| Dec 31, 2017 | 0.71 |
| Sep 30, 2017 | -1.16 |
| Jun 30, 2017 | 96.92 |
| Mar 31, 2017 | -1.22 |
| Dec 31, 2016 | 0.65 |
| Sep 30, 2016 | -1.00 |
| Jun 30, 2016 | -1.04 |
| Mar 31, 2016 | -1.15 |
| Dec 31, 2015 | 0.86 |
| Sep 30, 2015 | -136.62 |
| Jun 30, 2015 | -1.24 |
| Mar 31, 2015 | 1.20 |
| Dec 31, 2014 | 1.28 |
| Sep 30, 2014 | 0.82 |
| Jun 30, 2014 | 0.85 |
| Mar 31, 2014 | 0.95 |
| Dec 31, 2013 | 0.97 |
| Sep 30, 2013 | 86.86 |
| Jun 30, 2013 | -10.32 |
| Mar 31, 2013 | -6.34 |
| Dec 31, 2012 | -5.96 |
| Sep 30, 2012 | -263.69 |
| Jun 30, 2012 | -11.45 |
| Mar 31, 2012 | -13.23 |
| Dec 31, 2011 | -9.88 |
| Sep 30, 2011 | 11.86 |
| Jun 30, 2011 | 18.68 |
| Mar 31, 2011 | 20.01 |
| Dec 31, 2010 | 17.00 |
| Sep 30, 2010 | 21.49 |
| Jun 30, 2010 | 79.31 |
| Dec 31, 2009 | 70.20 |