Delta Air Lines (DAL) FCF Margin (2009 - 2026)
Delta Air Lines posted quarterly FCF Margin of 9.03% for Q1 2026, up 81.0% year-on-year from 4.99% in Q1 2025, and down 12.45% on a QoQ basis from 10.32% in Q4 2025.
Delta Air Lines (DAL) has 18 years of FCF Margin data on file, last reported at 9.03% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 81.0% year-over-year to 9.03%; the trailing twelve-month figure through Mar 2026 stood at 6.78% (up 499.0% YoY), and the FY2025 full-year result was 7.61%, up 94.0% from the prior year.
- FCF Margin for Q1 2026 stood at 9.03%, down from 10.32% in the prior quarter.
- Across five years, FCF Margin topped out at 14.62% in Q1 2023 and bottomed at 15.59% in Q4 2023.
- The 5-year median for FCF Margin is 8.22% (2025), against an average of 5.25%.
- The widest annual swing landed in 2023, when FCF Margin plunged 2029 bps; it then jumped 1761 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 4.7% in 2022, then sank by 432 bps to 15.59% in 2023, then jumped by 53 bps to 7.29% in 2024, then surged by 242 bps to 10.32% in 2025, then retreated by 12 bps to 9.03% in 2026.
- The last three FCF Margin figures came in at 9.03% (Q1 2026), 10.32% (Q4 2025), and 4.12% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 9.03% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 10.87% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 264.47% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 32.60% |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 11.85% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 12.87% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -98.66% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -0.27% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 33.14% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 2.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.03% |
| Dec 31, 2025 | 10.32% |
| Sep 30, 2025 | 4.12% |
| Jun 30, 2025 | 3.89% |
| Mar 31, 2025 | 8.22% |
| Dec 31, 2024 | -7.29% |
| Sep 30, 2024 | -0.34% |
| Jun 30, 2024 | 6.85% |
| Mar 31, 2024 | 8.84% |
| Dec 31, 2023 | -15.59% |
| Sep 30, 2023 | -4.75% |
| Jun 30, 2023 | 14.32% |
| Mar 31, 2023 | 14.62% |
| Dec 31, 2022 | 4.70% |
| Sep 30, 2022 | 10.26% |
| Jun 30, 2022 | 8.29% |
| Mar 31, 2022 | 13.70% |
| Dec 31, 2021 | 0.30% |
| Sep 30, 2021 | -2.68% |
| Jun 30, 2021 | 21.05% |
| Mar 31, 2021 | 9.28% |
| Dec 31, 2020 | -39.97% |
| Sep 30, 2020 | -81.97% |
| Jun 30, 2020 | -43.66% |
| Mar 31, 2020 | 0.58% |
| Dec 31, 2019 | -10.42% |
| Sep 30, 2019 | 13.50% |
| Jun 30, 2019 | 16.77% |
| Mar 31, 2019 | 8.43% |
| Dec 31, 2018 | 3.48% |
| Sep 30, 2018 | -6.31% |
| Jun 30, 2018 | 22.01% |
| Mar 31, 2018 | 11.02% |
| Dec 31, 2017 | 14.96% |
| Sep 30, 2017 | 18.61% |
| Jun 30, 2017 | 11.95% |
| Mar 31, 2017 | -11.39% |
| Dec 31, 2016 | 8.55% |
| Sep 30, 2016 | 16.02% |
| Jun 30, 2016 | 35.47% |
| Mar 31, 2016 | 2.67% |
| Dec 31, 2015 | -10.33% |
| Sep 30, 2015 | 24.85% |
| Jun 30, 2015 | 15.91% |
| Mar 31, 2015 | 15.99% |
| Dec 31, 2014 | 12.17% |
| Sep 30, 2014 | 4.06% |
| Jun 30, 2014 | 17.71% |
| Mar 31, 2014 | 9.54% |
| Dec 31, 2013 | 3.20% |
| Sep 30, 2013 | 1.00% |
| Jun 30, 2013 | 15.61% |
| Mar 31, 2013 | 5.61% |
| Dec 31, 2012 | -1.17% |
| Sep 30, 2012 | 5.31% |
| Jun 30, 2012 | 3.40% |
| Mar 31, 2012 | 6.22% |
| Dec 31, 2011 | 5.49% |
| Sep 30, 2011 | 1.76% |
| Jun 30, 2011 | 4.80% |
| Mar 31, 2011 | 11.02% |
| Dec 31, 2010 | 10.07% |
| Sep 30, 2010 | -1.83% |
| Jun 30, 2010 | 12.26% |
| Mar 31, 2010 | 13.49% |
| Dec 31, 2009 | -12.33% |
| Sep 30, 2009 | -1.28% |