Delta Air Lines (DAL) FCF Margin (2009 - 2026)
Delta Air Lines' (DAL) quarterly FCF Margin came in at 12.05% in Q2 2026, up 816.0% on a YoY basis from 1.32% in Q2 2025, and up 55.08% quarter-over-quarter from 7.77% in Q1 2026.
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Delta Air Lines (DAL) FCF Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported FCF Margin for 18 consecutive years, with 12.05% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 816.0% year-over-year to 12.05%; the trailing twelve-month figure through Jun 2026 stood at 8.28% (up 451.0% YoY), and the FY2025 full-year result was 6.06%, up 138.0% from the prior year.
- FCF Margin grew to 12.05% in Q2 2026 per DAL's latest filing, from 7.77% in the prior quarter.
- Across five years, FCF Margin topped out at 15.77% in Q2 2022 and bottomed at 28.76% in Q4 2022.
- Historically, FCF Margin has averaged 4.16% across 5 years, with a median of 7.31% in 2024.
- The sharpest annual moves came in 2022 and 2024: FCF Margin sank 1162 bps in 2022, then soared 2918 bps in 2024.
- Over 5 years, FCF Margin stood at 28.76% in 2022, then rose by 12 bps to 25.43% in 2023, then jumped by 115 bps to 3.75% in 2024, then soared by 125 bps to 8.45% in 2025, then soared by 43 bps to 12.05% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 12.05%, 7.77%, and 8.45% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.14 Bn | 46.47 Bn | 19.07 Bn | 12.05% |
| 2 | Ryanair Holdings | 27.96 Bn | 24.03 Bn | - | 38.28% |
| 3 | Southwest Airlines | 18.91 Bn | 15.12 Bn | 7.33 Bn | -3.42% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.45 Bn | 1.79 Bn | 3.76 Bn | 2.63% |
| 6 | Skywest | 3.77 Bn | 3.17 Bn | 1.01 Bn | 25.74% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.20 Bn | 1.17 Bn | - | 5.61% |
| 8 | Allegiant Travel | 1.74 Bn | 681.68 Mn | 902.77 Mn | -7.91% |
| 9 | Jetblue Airways | 1.65 Bn | -373.56 Mn | 2.32 Bn | -13.98% |
| 10 | Frontier Group Holdings | 1.27 Bn | 311.03 Mn | - | 9.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.05% |
| Mar 31, 2026 | 7.77% |
| Dec 31, 2025 | 8.45% |
| Sep 30, 2025 | 4.12% |
| Jun 30, 2025 | 3.89% |
| Mar 31, 2025 | 8.22% |
| Dec 31, 2024 | 3.75% |
| Sep 30, 2024 | -0.34% |
| Jun 30, 2024 | 6.85% |
| Mar 31, 2024 | 8.84% |
| Dec 31, 2023 | -25.43% |
| Sep 30, 2023 | 4.28% |
| Jun 30, 2023 | 14.32% |
| Mar 31, 2023 | 14.62% |
| Dec 31, 2022 | -28.76% |
| Sep 30, 2022 | 2.86% |
| Jun 30, 2022 | 15.77% |
| Mar 31, 2022 | 13.70% |
| Dec 31, 2021 | -17.14% |
| Sep 30, 2021 | -2.68% |