Delta Air Lines (DAL) Gross Margin (2009 - 2026)
Delta Air Lines' (DAL) quarterly Gross Margin came in at 96.52% in Q2 2026, up 58.0% YoY from 61.09% in Q2 2025, and up 0.75% on a QoQ basis from 95.8% in Q1 2026.
Delta Air Lines (DAL) Gross Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has 18 years of Gross Margin data on file, last reported at 96.52% in Q2 2026.
- Quarterly Gross Margin rose 58.0% year-over-year to 96.52% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 96.4% (up 73.0% YoY) and the FY2025 annual result came in at 96.23%, up 22.0% from the prior year.
- Gross Margin advanced to 96.52% in Q2 2026, from 95.8% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.21% in Q4 2022 to a low of 95.05% in Q1 2025.
- A 5-year average of 96.18% and a median of 96.23% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin surged 345 bps — and 2023, when it plunged 122 bps.
- Tracing DAL's Gross Margin over 5 years: stood at 97.21% in 2022, then fell by 1 bps to 95.99% in 2023, then advanced by 0 bps to 96.22% in 2024, then gained by 1 bps to 96.73% in 2025, then decreased by 0 bps to 96.52% in 2026.
- The last three Gross Margin figures came in at 96.52% (Q2 2026), 95.8% (Q1 2026), and 96.73% (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 91.70% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 85.95% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 95.68% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | - |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 85.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 96.52% |
| Mar 31, 2026 | 95.80% |
| Dec 31, 2025 | 96.73% |
| Sep 30, 2025 | 96.53% |
| Jun 30, 2025 | 95.93% |
| Mar 31, 2025 | 95.05% |
| Dec 31, 2024 | 96.22% |
| Sep 30, 2024 | 95.42% |
| Jun 30, 2024 | 96.28% |
| Mar 31, 2024 | 96.11% |
| Dec 31, 2023 | 95.99% |
| Sep 30, 2023 | 96.25% |
| Jun 30, 2023 | 96.60% |
| Mar 31, 2023 | 95.59% |
| Dec 31, 2022 | 97.21% |
| Sep 30, 2022 | 96.52% |
| Jun 30, 2022 | 96.85% |
| Mar 31, 2022 | 95.69% |
| Dec 31, 2021 | 95.96% |
| Sep 30, 2021 | 95.74% |