Delta Air Lines (DAL) Free Cash Flow (2009 - 2026)
Delta Air Lines' Free Cash Flow was $2.38 billion in Q2 2026, up 267.4% from $648 million a year earlier and up 93.3% from the prior quarter.
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Analysis
Delta Air Lines (DAL) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Delta Air Lines' Free Cash Flow was $5.65 billion through Jun 30, 2026, up 142.4% year-over-year; for FY2025, it was $3.84 billion, up 33.2% from FY2024.
- In earlier years, Free Cash Flow was $2.89 billion in FY2024 (+152.8%), $1.14 billion in FY2023, -$3 million in FY2022 and $17 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Free Cash Flow since Q2 2019.
- Compared with a year earlier, Free Cash Flow has increased for three straight quarters, with growth averaging 71.5% over the last five quarters.
- The best year-over-year quarter for Free Cash Flow over five years was Q2 2026 (growth of 267.4%); the worst was Q2 2024 (a decline of 48.8%).
- Per Business Quant data, DAL's Free Cash Flow in the three quarters before Q2 2026 was $1.23 billion (Q1 2026), $1.35 billion (Q4 2025) and $687 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - | 2.20 Bn |
| 2 | Csx | 88.57 Bn | 84.77 Bn | - | 751.00 Mn |
| 3 | United Parcel Service | 80.55 Bn | 57.44 Bn | - | 166.00 Mn |
| 4 | Canadian Pacific Kansas City | 75.98 Bn | 75.00 Bn | - | 699.79 Mn |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - | 615.00 Mn |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 513.00 Mn |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - | 195.66 Mn |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - | 267.00 Mn |
| 10 | Ryanair Holdings | 27.89 Bn | 11.53 Bn | - | 1.95 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 513.00 Mn |
| Jun 30, 2026 | 551.00 Mn |
| Mar 31, 2026 | 1.23 Bn |
| Dec 31, 2025 | 1.35 Bn |
| Sep 30, 2025 | 687.00 Mn |
| Jun 30, 2025 | 648.00 Mn |
| Mar 31, 2025 | 1.15 Bn |
| Dec 31, 2024 | 584.00 Mn |
| Sep 30, 2024 | -54.00 Mn |
| Jun 30, 2024 | 1.14 Bn |
| Mar 31, 2024 | 1.22 Bn |
| Dec 31, 2023 | -2.22 Bn |
| Sep 30, 2023 | 220.00 Mn |
| Jun 30, 2023 | 1.53 Bn |
| Mar 31, 2023 | 1.61 Bn |
| Dec 31, 2022 | -2.33 Bn |
| Sep 30, 2022 | -104.00 Mn |
| Jun 30, 2022 | 1.93 Bn |
| Mar 31, 2022 | 495.00 Mn |
| Dec 31, 2021 | -1.62 Bn |
API Access
Delta Air Lines Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "DAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();