Delta Air Lines (DAL) FCF Margin (2009 - 2026)
Delta Air Lines (DAL) posted FCF Margin of 2.27% for Q2 2026, down 116.14% on a QoQ basis from 14.08% in Q1 2026, and down 616.0% year-over-year from 0.44% in Q2 2025.
Delta Air Lines (DAL) FCF Margin (2009 - 2026) Analysis & Trends
Delta Air Lines' FCF Margin history runs 18 years deep, the most recent figure standing at 2.27% for 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 was 2.27% for Q2 2026 at Delta Air Lines, down from 14.08% in the prior quarter.
- Across five years, FCF Margin topped out at 15.77% in Q2 2022 and bottomed at 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 plunged 759 bps.
- Delta Air Lines' FCF Margin stood at 3.39% in 2022, then soared by 396 bps to 10.03% in 2023, then tumbled by 41 bps to 5.94% in 2024, then surged by 74 bps to 10.32% in 2025, then plunged by 122 bps to 2.27% in 2026.
- Business Quant data shows DAL's FCF Margin at 2.27% in Q2 2026, 14.08% in Q1 2026, and 10.32% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,493.44 Bn | 30,490.77 Bn | 1.28 Mn | 0.01% |
| 2 | Ryanair Holdings | 61.51 Bn | 58.32 Bn | - | - |
| 3 | Delta Air Lines | 56.49 Bn | 51.82 Bn | 19.07 Bn | -2.27% |
| 4 | Southwest Airlines | 22.14 Bn | 18.35 Bn | 7.33 Bn | -3.42% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 9.03 Bn | 8.20 Bn | - | 31.66% |
| 6 | Copa Holdings | 5.73 Bn | 4.39 Bn | 713.71 Mn | -98.66% |
| 7 | Alaska Air | 5.44 Bn | 3.68 Bn | 3.20 Bn | 3.42% |
| 8 | Skywest | 4.26 Bn | 3.66 Bn | 1.01 Bn | 14.63% |
| 9 | Jetblue Airways | 2.05 Bn | 1.64 Bn | 1.87 Bn | -0.27% |
| 10 | Allegiant Travel | 1.84 Bn | 933.10 Mn | 651.87 Mn | 33.14% |
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% |