Delta Air Lines (DAL) Free Cash Flow (2009 - 2026)
Delta Air Lines' (DAL) quarterly Free Cash Flow came in at $2.4 billion in Q2 2026, up 267.44% on a YoY basis from $648.0 million in Q2 2025, and up 93.26% quarter-over-quarter from $1.2 billion in Q1 2026.
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Delta Air Lines (DAL) Free Cash Flow (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported Free Cash Flow for 18 consecutive years, with $2.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 267.44% year-over-year to $2.4 billion; the trailing twelve-month figure through Jun 2026 stood at $5.7 billion (up 142.41% YoY), and the FY2025 full-year result was $3.8 billion, up 33.21% from the prior year.
- Free Cash Flow improved to $2.4 billion in Q2 2026 per DAL's latest filing, from $1.2 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $2.4 billion in Q2 2026 and bottomed at -$3.9 billion in Q4 2022.
- Historically, Free Cash Flow has averaged $637.7 million across 5 years, with a median of $1.1 billion in 2024.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow sank 138.08% in 2022, then soared 1372.22% in 2025.
- Over 5 years, Free Cash Flow stood at -$3.9 billion in 2022, then gained by 6.39% to -$3.6 billion in 2023, then jumped by 116.15% to $584.0 million in 2024, then jumped by 131.68% to $1.4 billion in 2025, then jumped by 75.98% to $2.4 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $2.4 billion, $1.2 billion, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 1.95 Bn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | 83.00 Mn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | -74.63 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | -377.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 119.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.38 Bn |
| 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 | -3.62 Bn |
| Sep 30, 2023 | 663.00 Mn |
| Jun 30, 2023 | 2.23 Bn |
| Mar 31, 2023 | 1.87 Bn |
| Dec 31, 2022 | -3.86 Bn |
| Sep 30, 2022 | 400.00 Mn |
| Jun 30, 2022 | 2.18 Bn |
| Mar 31, 2022 | 1.28 Bn |
| Dec 31, 2021 | -1.62 Bn |
| Sep 30, 2021 | -245.00 Mn |
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();