Delta Air Lines (DAL) EV to EBITDA (2009 - 2026)
Delta Air Lines' (DAL) quarterly EV to EBITDA came in at 30.54 in Q2 2026, up 123.05% on a YoY basis from 13.69 in Q2 2025, and down 60.38% quarter-over-quarter from 77.09 in Q1 2026.
Powered by 
Analysis
Delta Air Lines (DAL) EV to EBITDA (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported EV to EBITDA for 18 consecutive years, with 30.54 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA rose 123.05% year-over-year to 30.54; the trailing twelve-month figure through Jun 2026 stood at 10.32 (up 107.44% YoY), and the FY2025 full-year result was 7.05, up 17.28% from the prior year.
- EV to EBITDA slipped to 30.54 in Q2 2026 per DAL's latest filing, from 77.09 in the prior quarter.
- Across five years, EV to EBITDA topped out at 77.09 in Q1 2026 and bottomed at 57.14 in Q1 2023.
- Historically, EV to EBITDA has averaged 16.09 across 5 years, with a median of 15.17 in 2023.
- The sharpest annual moves came in 2023 and 2024: EV to EBITDA sank 190.31% in 2023, then jumped 175.32% in 2024.
- Over 5 years, EV to EBITDA stood at 9.89 in 2022, then surged by 68.38% to 16.65 in 2023, then grew by 25.96% to 20.97 in 2024, then jumped by 33.31% to 27.96 in 2025, then gained by 9.23% to 30.54 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 30.54, 77.09, and 27.96 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.54 |
| Mar 31, 2026 | 77.09 |
| Dec 31, 2025 | 27.96 |
| Sep 30, 2025 | 19.75 |
| Jun 30, 2025 | 13.69 |
| Mar 31, 2025 | 43.51 |
| Dec 31, 2024 | 20.97 |
| Sep 30, 2024 | 20.61 |
| Jun 30, 2024 | 11.64 |
| Mar 31, 2024 | 43.04 |
| Dec 31, 2023 | 16.65 |
| Sep 30, 2023 | 9.46 |
| Jun 30, 2023 | 9.84 |
| Mar 31, 2023 | -57.14 |
| Dec 31, 2022 | 9.89 |
| Sep 30, 2022 | 6.61 |
| Jun 30, 2022 | 5.14 |
| Mar 31, 2022 | -19.68 |
| Dec 31, 2021 | 52.05 |
| Sep 30, 2021 | 6.38 |