Delta Air Lines (DAL) EBITDA Margin (2009 - 2026)
Delta Air Lines' (DAL) quarterly EBITDA Margin came in at 9.43% in Q2 2026, down 319.0% YoY from 4.31% in Q2 2025, and up 198.56% on a QoQ basis from 3.16% in Q1 2026.
Delta Air Lines (DAL) EBITDA Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has 18 years of EBITDA Margin data on file, last reported at 9.43% in Q2 2026.
- Quarterly EBITDA Margin fell 319.0% year-over-year to 9.43% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.08% (down 126.0% YoY) and the FY2025 annual result came in at 9.19%, down 54.0% from the prior year.
- EBITDA Margin grew to 9.43% in Q2 2026, from 3.16% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 15.99% in Q2 2023 to a low of 8.38% in Q1 2022.
- A 5-year average of 8.14% and a median of 9.77% in 2026 frame the typical range for EBITDA Margin.
- The widest YoY moves for EBITDA Margin: up 2531 bps in 2022, down 1367 bps in 2022.
- Tracing DAL's EBITDA Margin over 5 years: stood at 10.94% in 2022, then slipped by 15 bps to 9.29% in 2023, then gained by 19 bps to 11.04% in 2024, then dropped by 17 bps to 9.17% in 2025, then grew by 3 bps to 9.43% in 2026.
- The last three EBITDA Margin figures came in at 9.43% (Q2 2026), 3.16% (Q1 2026), and 9.17% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 9.43% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 21.79% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 3.38% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 8.65% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -4.13% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 14.13% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -5.23% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 2.24% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -7.58% |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 10.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.43% |
| Mar 31, 2026 | 3.16% |
| Dec 31, 2025 | 9.17% |
| Sep 30, 2025 | 10.10% |
| Jun 30, 2025 | 12.63% |
| Mar 31, 2025 | 4.05% |
| Dec 31, 2024 | 11.04% |
| Sep 30, 2024 | 8.91% |
| Jun 30, 2024 | 13.61% |
| Mar 31, 2024 | 4.47% |
| Dec 31, 2023 | 9.29% |
| Sep 30, 2023 | 12.81% |
| Jun 30, 2023 | 15.99% |
| Mar 31, 2023 | -2.17% |
| Dec 31, 2022 | 10.94% |
| Sep 30, 2022 | 10.42% |
| Jun 30, 2022 | 10.99% |
| Mar 31, 2022 | -8.38% |
| Dec 31, 2021 | 2.78% |
| Sep 30, 2021 | 24.09% |