KPIs & Operating Metrics(New)
Growth Metrics

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

Delta Air Lines posted quarterly Free Cash Flow of $1.4 billion for Q1 2026, up 24.09% year-on-year from $1.2 billion in Q1 2025, and down 13.26% on a QoQ basis from $1.7 billion in Q4 2025.

Delta Air Lines (DAL) has 18 years of Free Cash Flow data on file, last reported 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.
  • Across five years, Free Cash Flow topped out at $2.2 billion in Q2 2023 and bottomed at -$2.2 billion in Q4 2023.
  • The 5-year median for Free Cash Flow is $1.1 billion (2022), against an average of $727.8 million.
  • The widest annual swing landed in 2022, when Free Cash Flow surged 2153.57%; it then slumped 451.51% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $631.0 million in 2022, then plunged by 451.51% to -$2.2 billion in 2023, then soared by 48.87% to -$1.1 billion in 2024, then soared by 245.59% to $1.7 billion in 2025, then dropped 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 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 1.43 Bn
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 788.00 Mn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 201.00 Mn
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 251.00 Mn
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 391.00 Mn
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 130.43 Mn
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn -949.97 Mn
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -6.00 Mn
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 222.64 Mn
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 28.00 Mn

Historic Data

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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
Sep 30, 2023 -736.00 Mn
Sep 30, 2023 -736.00 Mn
Jun 30, 2023 2.23 Bn
Jun 30, 2023 2.23 Bn
Mar 31, 2023 1.87 Bn
Mar 31, 2023 1.87 Bn
Dec 31, 2022 631.00 Mn
Dec 31, 2022 631.00 Mn
Sep 30, 2022 1.43 Bn
Sep 30, 2022 1.43 Bn
Jun 30, 2022 1.15 Bn
Jun 30, 2022 1.15 Bn
Mar 31, 2022 1.28 Bn
Mar 31, 2022 1.28 Bn
Dec 31, 2021 28.00 Mn
Dec 31, 2021 28.00 Mn
Sep 30, 2021 -245.00 Mn
Sep 30, 2021 -245.00 Mn
Jun 30, 2021 1.50 Bn
Jun 30, 2021 1.50 Bn
Mar 31, 2021 385.00 Mn
Mar 31, 2021 385.00 Mn
Dec 31, 2020 -1.59 Bn
Dec 31, 2020 -1.59 Bn
Sep 30, 2020 -2.51 Bn
Sep 30, 2020 -2.51 Bn
Jun 30, 2020 -641.00 Mn
Jun 30, 2020 -641.00 Mn
Mar 31, 2020 50.00 Mn
Mar 31, 2020 50.00 Mn
Dec 31, 2019 -1.19 Bn
Dec 31, 2019 -1.19 Bn
Sep 30, 2019 1.70 Bn
Sep 30, 2019 1.70 Bn
Jun 30, 2019 2.10 Bn
Jun 30, 2019 2.10 Bn
Mar 31, 2019 883.00 Mn
Mar 31, 2019 883.00 Mn
Dec 31, 2018 374.00 Mn
Dec 31, 2018 374.00 Mn
Sep 30, 2018 -754.00 Mn
Sep 30, 2018 -754.00 Mn
Jun 30, 2018 2.59 Bn
Jun 30, 2018 2.59 Bn
Mar 31, 2018 1.10 Bn
Mar 31, 2018 1.10 Bn
Dec 31, 2017 1.53 Bn
Dec 31, 2017 1.53 Bn
Sep 30, 2017 2.06 Bn
Sep 30, 2017 2.06 Bn
Jun 30, 2017 1.28 Bn
Jun 30, 2017 1.28 Bn
Mar 31, 2017 -1.04 Bn
Mar 31, 2017 -1.04 Bn
Dec 31, 2016 809.00 Mn
Dec 31, 2016 809.00 Mn
Sep 30, 2016 1.68 Bn
Sep 30, 2016 1.68 Bn
Jun 30, 2016 3.71 Bn
Jun 30, 2016 3.71 Bn
Mar 31, 2016 247.00 Mn
Mar 31, 2016 247.00 Mn
Dec 31, 2015 -982.00 Mn
Dec 31, 2015 -982.00 Mn
Sep 30, 2015 2.76 Bn
Sep 30, 2015 2.76 Bn
Jun 30, 2015 1.70 Bn
Jun 30, 2015 1.70 Bn
Mar 31, 2015 1.50 Bn
Mar 31, 2015 1.50 Bn
Dec 31, 2014 1.17 Bn
Dec 31, 2014 1.17 Bn
Sep 30, 2014 454.00 Mn
Sep 30, 2014 454.00 Mn
Jun 30, 2014 1.88 Bn
Jun 30, 2014 1.88 Bn
Mar 31, 2014 851.00 Mn
Mar 31, 2014 851.00 Mn
Dec 31, 2013 290.00 Mn
Dec 31, 2013 290.00 Mn
Sep 30, 2013 105.00 Mn
Sep 30, 2013 105.00 Mn
Jun 30, 2013 1.52 Bn
Jun 30, 2013 1.52 Bn
Mar 31, 2013 477.00 Mn
Mar 31, 2013 477.00 Mn
Dec 31, 2012 -101.00 Mn
Dec 31, 2012 -101.00 Mn
Sep 30, 2012 527.00 Mn
Sep 30, 2012 527.00 Mn
Jun 30, 2012 331.00 Mn
Jun 30, 2012 331.00 Mn
Mar 31, 2012 523.00 Mn
Mar 31, 2012 523.00 Mn
Dec 31, 2011 461.00 Mn
Dec 31, 2011 461.00 Mn
Sep 30, 2011 173.00 Mn
Sep 30, 2011 173.00 Mn
Jun 30, 2011 439.00 Mn
Jun 30, 2011 439.00 Mn
Mar 31, 2011 854.00 Mn
Mar 31, 2011 854.00 Mn
Dec 31, 2010 784.00 Mn
Dec 31, 2010 784.00 Mn
Sep 30, 2010 -164.00 Mn
Sep 30, 2010 -164.00 Mn
Jun 30, 2010 1.00 Bn
Jun 30, 2010 1.00 Bn
Mar 31, 2010 924.00 Mn
Mar 31, 2010 924.00 Mn
Dec 31, 2009 -839.00 Mn
Dec 31, 2009 -839.00 Mn
Sep 30, 2009 -97.00 Mn
Sep 30, 2009 -97.00 Mn