Delta Air Lines (DAL) FCF Margin (2009 - 2026)
Delta Air Lines' (DAL) quarterly FCF Margin came in at 2.27% in Q2 2026, down 616.0% YoY from 0.44% in Q2 2025, and down 116.14% on a QoQ basis from 14.08% in Q1 2026.
Delta Air Lines (DAL) FCF Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has 18 years of FCF Margin data on file, last reported at 2.27% in Q2 2026.
- Quarterly FCF Margin fell 616.0% year-over-year to 2.27% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 6.03% (up 134.0% YoY) and the FY2025 annual result came in at 7.61%, up 94.0% from the prior year.
- FCF Margin eased to 2.27% in Q2 2026, from 14.08% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 15.77% in Q2 2022 to a low of 8.14% in Q3 2022.
- A 5-year average of 6.43% and a median of 7.51% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin surged 1375 bps — and 2023, when it sank 759 bps.
- Tracing DAL's FCF Margin over 5 years: stood at 3.39% in 2022, then jumped by 396 bps to 10.03% in 2023, then sank by 41 bps to 5.94% in 2024, then soared by 74 bps to 10.32% in 2025, then slumped by 122 bps to 2.27% in 2026.
- The last three FCF Margin figures came in at 2.27% (Q2 2026), 14.08% (Q1 2026), and 10.32% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.15 Bn | 49.49 Bn | 19.07 Bn | 12.05% |
| 2 | Ryanair Holdings | 29.13 Bn | 25.92 Bn | - | 10.42% |
| 3 | Southwest Airlines | 19.69 Bn | 15.90 Bn | 7.33 Bn | -3.42% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 2.63% |
| 6 | Skywest | 4.01 Bn | 3.41 Bn | 1.01 Bn | 25.74% |
| 7 | Allegiant Travel | 1.83 Bn | 779.94 Mn | 902.77 Mn | -7.91% |
| 8 | Jetblue Airways | 1.80 Bn | -223.24 Mn | 2.32 Bn | -13.98% |
| 9 | Frontier Group Holdings | 1.34 Bn | 383.47 Mn | - | 9.30% |
| 10 | Republic Airways Holdings | 851.55 Mn | 573.95 Mn | 487.40 Mn | 5.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -2.27% |
| Mar 31, 2026 | 14.08% |
| Dec 31, 2025 | 10.32% |
| Sep 30, 2025 | 4.12% |
| Jun 30, 2025 | 3.89% |
| Mar 31, 2025 | 9.91% |
| Dec 31, 2024 | 5.94% |
| Sep 30, 2024 | -0.34% |
| Jun 30, 2024 | 6.85% |
| Mar 31, 2024 | 11.09% |
| Dec 31, 2023 | 10.03% |
| Sep 30, 2023 | 1.42% |
| Jun 30, 2023 | 8.18% |
| Mar 31, 2023 | 14.62% |
| Dec 31, 2022 | -3.39% |
| Sep 30, 2022 | -8.14% |
| Jun 30, 2022 | 15.77% |
| Mar 31, 2022 | 13.70% |
| Dec 31, 2021 | -17.14% |
| Sep 30, 2021 | -2.68% |