Delta Air Lines (DAL) Free Cash Flow (2009 - 2026)

Delta Air Lines (DAL) posted Free Cash Flow of -$449.0 million for Q2 2026, down 120.12% on a QoQ basis from $2.2 billion in Q1 2026, and down 169.29% year-over-year from $648.0 million in Q2 2025.

Delta Air Lines (DAL) Free Cash Flow (2009 - 2026) Analysis & Trends

Delta Air Lines' Free Cash Flow history runs 18 years deep, the most recent figure standing at -$449.0 million for Q2 2026.

  • Quarterly Free Cash Flow fell 169.29% year-over-year to -$449.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.1 billion (up 41.66% YoY) and the FY2025 annual result came in at $4.8 billion, up 17.27% from the prior year.
  • Free Cash Flow was -$449.0 million for Q2 2026 at Delta Air Lines, down from $2.2 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $2.2 billion in Q1 2026 and bottomed at -$1.1 billion in Q3 2022.
  • A 5-year average of $908.3 million and a median of $1.2 billion in 2023 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 364.49% — and 2025, when it surged 1372.22%.
  • Delta Air Lines' Free Cash Flow stood at -$455.0 million in 2022, then surged by 413.63% to $1.4 billion in 2023, then plunged by 35.25% to $924.0 million in 2024, then surged by 78.68% to $1.7 billion in 2025, then sank by 127.2% to -$449.0 million in 2026.
  • Business Quant data shows DAL's Free Cash Flow at -$449.0 million in Q2 2026, $2.2 billion in Q1 2026, and $1.7 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Latam Airlines 30,663.75 Bn 30,661.08 Bn 1.28 Mn 386,796.00
2 Ryanair Holdings 62.20 Bn 59.00 Bn - 540.24 Mn
3 Delta Air Lines 57.16 Bn 52.49 Bn 19.07 Bn -449.00 Mn
4 Southwest Airlines 22.66 Bn 18.87 Bn 7.33 Bn -288.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 9.07 Bn 8.24 Bn - 272.00 Mn
6 Copa Holdings 5.82 Bn 4.48 Bn 713.71 Mn -949.97 Mn
7 Alaska Air 5.51 Bn 3.74 Bn 3.20 Bn 113.00 Mn
8 Skywest 4.30 Bn 3.70 Bn 1.01 Bn 161.35 Mn
9 Jetblue Airways 2.09 Bn 1.68 Bn 1.87 Bn -6.00 Mn
10 Allegiant Travel 1.87 Bn 965.51 Mn 651.87 Mn 222.64 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 -449.00 Mn
Jun 30, 2026 -449.00 Mn
Mar 31, 2026 2.23 Bn
Mar 31, 2026 2.23 Bn
Dec 31, 2025 1.65 Bn
Dec 31, 2025 1.65 Bn
Sep 30, 2025 687.00 Mn
Sep 30, 2025 687.00 Mn
Jun 30, 2025 648.00 Mn
Jun 30, 2025 648.00 Mn
Mar 31, 2025 1.39 Bn
Mar 31, 2025 1.39 Bn
Dec 31, 2024 924.00 Mn
Dec 31, 2024 924.00 Mn
Sep 30, 2024 -54.00 Mn
Sep 30, 2024 -54.00 Mn
Jun 30, 2024 1.14 Bn
Jun 30, 2024 1.14 Bn
Mar 31, 2024 1.53 Bn
Mar 31, 2024 1.53 Bn