Delta Air Lines (DAL) Free Cash Flow (2009 - 2026)
Delta Air Lines' (DAL) quarterly Free Cash Flow came in at -$449.0 million in Q2 2026, down 169.29% YoY from $648.0 million in Q2 2025, and down 120.12% on a QoQ basis from $2.2 billion in Q1 2026.
Delta Air Lines (DAL) Free Cash Flow (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has 18 years of Free Cash Flow data on file, last reported at -$449.0 million in 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 slipped to -$449.0 million in Q2 2026, from $2.2 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $2.2 billion in Q1 2026 to a low of -$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 plunged 364.49% — and 2025, when it surged 1372.22%.
- Tracing DAL's Free Cash Flow over 5 years: stood at -$455.0 million in 2022, then soared by 413.63% to $1.4 billion in 2023, then slumped by 35.25% to $924.0 million in 2024, then soared by 78.68% to $1.7 billion in 2025, then tumbled by 127.2% to -$449.0 million in 2026.
- The last three Free Cash Flow figures came in at -$449.0 million (Q2 2026), $2.2 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | 551.77 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | -74.63 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | -377.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 119.00 Mn |
| 10 | Republic Airways Holdings | 853.83 Mn | 576.23 Mn | 487.40 Mn | 28.80 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 |