Delta Air Lines (DAL) EBITDA Margin (2009 - 2026)
Delta Air Lines (DAL) reported EBITDA Margin of 10.54% for Q3 2026, down 3.25 percentage points from 13.78% a year earlier and down 2.22 percentage points from the prior quarter.
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Analysis
Delta Air Lines (DAL) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Delta Air Lines' EBITDA Margin came in at 10.96%, down 2.60 percentage points year-over-year; for FY2025, it was 13.04%, down 0.76 percentage points from FY2024.
- EBITDA Margin has a five-year change of +72.46 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 13.80% in FY2024 (+0.26 pp), 13.54% in FY2023 (+2.14 pp), 11.40% in FY2022 (-1.59 pp) and 13.00% in FY2021 (+72.41 pp).
- Five-year quarterly EBITDA Margin spans a low of -2.96% in Q1 2022 and a high of 19.67% in Q2 2023.
- Year over year, EBITDA Margin has now declined in each of the last four quarters, with an average year-over-year change of -1.17 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q1 2022 (a gain of 18.87 percentage points); the low point was Q3 2022 (a drop of 15.29 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 12.75% (Q2 2026), 7.17% (Q1 2026) and 13.04% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 49.55% |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 48.72% |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 8.36% |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 47.81% |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 42.77% |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 10.71% |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 10.54% |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 35.84% |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 10.51% |
| 10 | Ryanair Holdings | 28.53 Bn | 12.18 Bn | - | 22.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.54% |
| Jun 30, 2026 | 12.75% |
| Mar 31, 2026 | 7.17% |
| Dec 31, 2025 | 13.04% |
| Sep 30, 2025 | 13.78% |
| Jun 30, 2025 | 16.24% |
| Mar 31, 2025 | 8.38% |
| Dec 31, 2024 | 15.12% |
| Sep 30, 2024 | 13.01% |
| Jun 30, 2024 | 17.33% |
| Mar 31, 2024 | 8.94% |
| Dec 31, 2023 | 13.58% |
| Sep 30, 2023 | 16.65% |
| Jun 30, 2023 | 19.67% |
| Mar 31, 2023 | 2.25% |
| Dec 31, 2022 | 15.06% |
| Sep 30, 2022 | 14.27% |
| Jun 30, 2022 | 14.68% |
| Mar 31, 2022 | -2.96% |
| Dec 31, 2021 | 8.12% |
API Access
Delta Air Lines EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "DAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();