Delta Air Lines (DAL) EBITDA (2009 - 2026)
Delta Air Lines (DAL) reported EBITDA of -$260.0 million for Q1 2026, down 192.53% on a YoY basis from $281.0 million in Q1 2025, and down 117.72% quarter-over-quarter from $1.5 billion in Q4 2025.
Delta Air Lines (DAL) EBITDA (2009 - 2026) Analysis & Trends
Delta Air Lines has reported EBITDA for 18 years, with the latest figure at -$260.0 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 192.53% year-over-year to -$260.0 million; the trailing twelve-month figure through Mar 2026 stood at $4.8 billion (up 3.36% YoY), and the FY2025 full-year result was $5.8 billion, down 2.89% from the prior year.
- EBITDA for Q1 2026 stood at -$260.0 million, down from $1.5 billion in the prior quarter.
- The five-year high for EBITDA was $2.2 billion in Q2 2025, with the low at -$881.0 million in Q1 2022.
- Historically, EBITDA has averaged $928.2 million across 5 years, with a median of $1.3 billion in 2024.
- Annual changes were most pronounced in 2022 — EBITDA surged 458.94% — and 2026, when it plunged 192.53%.
- Delta Air Lines' EBITDA stood at $1.5 billion in 2022, then declined by 10.07% to $1.3 billion in 2023, then gained by 29.88% to $1.7 billion in 2024, then slipped by 14.56% to $1.5 billion in 2025, then sank by 117.72% to -$260.0 million in 2026.
- The last three EBITDA figures came in at -$260.0 million (Q1 2026), $1.5 billion (Q4 2025), and $1.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -590.64 Mn |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -260.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 142.00 Mn |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 250.00 Mn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 209.59 Mn |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -279.00 Mn |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 101.05 Mn |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -21.00 Mn |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -224.00 Mn |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 81.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -260.00 Mn |
| Dec 31, 2025 | 1.47 Bn |
| Sep 30, 2025 | 1.46 Bn |
| Jun 30, 2025 | 2.17 Bn |
| Mar 31, 2025 | 281.00 Mn |
| Dec 31, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.32 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 89.00 Mn |
| Dec 31, 2023 | 1.32 Bn |
| Sep 30, 2023 | 1.16 Bn |
| Jun 30, 2023 | 1.87 Bn |
| Mar 31, 2023 | -316.00 Mn |
| Dec 31, 2022 | 1.47 Bn |
| Sep 30, 2022 | 757.00 Mn |
| Jun 30, 2022 | 798.00 Mn |
| Mar 31, 2022 | -881.00 Mn |
| Dec 31, 2021 | 263.00 Mn |
| Sep 30, 2021 | 1.29 Bn |
| Jun 30, 2021 | 730.00 Mn |