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| Date | Value |
|---|---|
| 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 |