Delta Air Lines (DAL) FCF Margin (2009 - 2026)
Delta Air Lines (DAL) reported FCF Margin of 9.03% for Q1 2026, up 81.0% on a YoY basis from 4.99% in Q1 2025, and down 12.45% quarter-over-quarter from 10.32% in Q4 2025.
Delta Air Lines (DAL) FCF Margin (2009 - 2026) Analysis & Trends
Delta Air Lines has reported FCF Margin for 18 years, with the latest figure 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.
- The five-year high for FCF Margin was 14.62% in Q1 2023, with the low at 15.59% in Q4 2023.
- Historically, FCF Margin has averaged 5.25% across 5 years, with a median of 8.22% in 2025.
- Annual changes were most pronounced in 2023 — FCF Margin slumped 2029 bps — and 2025, when it jumped 1761 bps.
- Delta Air Lines' FCF Margin stood at 4.7% in 2022, then slumped by 432 bps to 15.59% in 2023, then soared by 53 bps to 7.29% in 2024, then jumped by 242 bps to 10.32% in 2025, then fell 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | - |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 9.03% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 264.47% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 10.87% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | -98.66% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 11.85% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 12.87% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 32.60% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -0.27% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 33.14% |
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% |