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

Delta Air Lines (DAL) reported Free Cash Flow of $1.4 billion for Q1 2026, up 24.09% on a YoY basis from $1.2 billion in Q1 2025, and down 13.26% quarter-over-quarter from $1.7 billion in Q4 2025.

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

Delta Air Lines has reported Free Cash Flow for 18 years, with the latest figure at $1.4 billion in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 24.09% year-over-year to $1.4 billion; the trailing twelve-month figure through Mar 2026 stood at $4.4 billion (up 299.1% YoY), and the FY2025 full-year result was $4.8 billion, up 17.27% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $1.4 billion, down from $1.7 billion in the prior quarter.
  • The five-year high for Free Cash Flow was $2.2 billion in Q2 2023, with the low at -$2.2 billion in Q4 2023.
  • Historically, Free Cash Flow has averaged $727.8 million across 5 years, with a median of $1.1 billion in 2022.
  • Annual changes were most pronounced in 2022 — Free Cash Flow surged 2153.57% — and 2023, when it plunged 451.51%.
  • Delta Air Lines' Free Cash Flow stood at $631.0 million in 2022, then sank by 451.51% to -$2.2 billion in 2023, then surged by 48.87% to -$1.1 billion in 2024, then surged by 245.59% to $1.7 billion in 2025, then slipped by 13.26% to $1.4 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.4 billion (Q1 2026), $1.7 billion (Q4 2025), and $687.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (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 1.43 Bn
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 201.00 Mn
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 788.00 Mn
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn -949.97 Mn
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 391.00 Mn
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 130.43 Mn
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 251.00 Mn
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn -6.00 Mn
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 222.64 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.43 Bn
Mar 31, 2026 1.43 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 1.15 Bn
Mar 31, 2025 1.15 Bn
Dec 31, 2024 -1.13 Bn
Dec 31, 2024 -1.13 Bn
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 1.22 Bn
Mar 31, 2024 1.22 Bn
Dec 31, 2023 -2.22 Bn
Dec 31, 2023 -2.22 Bn