Delta Air Lines (DAL) EBITDA Margin (2009 - 2026)
Delta Air Lines (DAL) reported EBITDA Margin of 1.64% for Q1 2026, down 364.0% on a YoY basis from 0.62% in Q1 2025, and down 117.89% quarter-over-quarter from 9.17% in Q4 2025.
Delta Air Lines (DAL) EBITDA Margin (2009 - 2026) Analysis & Trends
Delta Air Lines has reported EBITDA Margin for 18 years, with the latest figure at 1.64% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 364.0% year-over-year to 1.64%; the trailing twelve-month figure through Mar 2026 stood at 7.42% (down 13.0% YoY), and the FY2025 full-year result was 9.19%, down 54.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 1.64%, down from 9.17% in the prior quarter.
- The five-year high for EBITDA Margin was 13.03% in Q2 2025, with the low at 9.42% in Q1 2022.
- Historically, EBITDA Margin has averaged 5.8% across 5 years, with a median of 8.15% in 2024.
- The largest YoY upside for EBITDA Margin was 1706 bps in 2022 against a maximum downside of 872 bps in 2022.
- Delta Air Lines' EBITDA Margin 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 plunged by 118 bps to 1.64% in 2026.
- The last three EBITDA Margin figures came in at 1.64% (Q1 2026), 9.17% (Q4 2025), and 8.74% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -20.08% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -1.64% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 186.84% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 3.45% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 21.77% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -8.45% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 9.97% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -2.73% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -10.00% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 12.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.64% |
| Dec 31, 2025 | 9.17% |
| Sep 30, 2025 | 8.74% |
| Jun 30, 2025 | 13.03% |
| Mar 31, 2025 | 2.00% |
| Dec 31, 2024 | 11.04% |
| Sep 30, 2024 | 8.43% |
| Jun 30, 2024 | 8.15% |
| Mar 31, 2024 | 0.65% |
| Dec 31, 2023 | 9.29% |
| Sep 30, 2023 | 7.47% |
| Jun 30, 2023 | 12.02% |
| Mar 31, 2023 | -2.48% |
| Dec 31, 2022 | 10.94% |
| Sep 30, 2022 | 5.42% |
| Jun 30, 2022 | 5.77% |
| Mar 31, 2022 | -9.42% |
| Dec 31, 2021 | 2.78% |
| Sep 30, 2021 | 14.14% |
| Jun 30, 2021 | 10.24% |