Delta Air Lines (DAL) Free Cash Flow (2009 - 2026)
Delta Air Lines' Free Cash Flow was $513 million in Q3 2026, down 25.3% from $687 million a year earlier and down 6.9% 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 $2.97 billion through Sep 30, 2026, down 3.4% 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 Q3 2026 figure marks the lowest quarterly Free Cash Flow since Q3 2024.
- Compared with a year earlier, Free Cash Flow was higher in two of the last six quarters, with an average decline of 11.1%.
- The best year-over-year quarter for Free Cash Flow over five years was Q1 2023 (growth of 224.2%); the worst was Q2 2025 (a decline of 43.2%).
- Per Business Quant data, DAL's Free Cash Flow in the three quarters before Q3 2026 was $551 million (Q2 2026), $1.23 billion (Q1 2026) and $673 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 1.76 Bn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.02 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 699.79 Mn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 166.00 Mn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 736.00 Mn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 300.00 Mn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 195.66 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | -1.67 Bn |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 1.95 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 300.00 Mn |
| Jun 30, 2026 | 137.00 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 | -1.06 Bn |
| Sep 30, 2023 | -193.00 Mn |
| Jun 30, 2023 | 1.16 Bn |
| Mar 31, 2023 | 1.24 Bn |
| Dec 31, 2022 | -1.01 Bn |
| Sep 30, 2022 | -573.00 Mn |
| Jun 30, 2022 | 1.58 Bn |
| Mar 31, 2022 | 5.00 Mn |
| Dec 31, 2021 | -662.00 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();