Delta Air Lines (DAL) Gross Margin (2009 - 2026)
Delta Air Lines posted quarterly Gross Margin of 95.8% for Q1 2026, up 1296.0% year-on-year from 6.86% in Q1 2025, and down 27.18% on a QoQ basis from 131.56% in Q4 2025.
Delta Air Lines (DAL) has 18 years of Gross Margin data on file, last reported at 95.8% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1296.0% year-over-year to 95.8%; the trailing twelve-month figure through Mar 2026 stood at 104.81% (up 2498.0% YoY), and the FY2025 full-year result was 96.23%, up 1337.0% from the prior year.
- Gross Margin for Q1 2026 stood at 95.8%, down from 131.56% in the prior quarter.
- Across five years, Gross Margin topped out at 131.56% in Q4 2025 and bottomed at 33.91% in Q4 2023.
- The 5-year median for Gross Margin is 95.79% (2022), against an average of 86.51%.
- The widest annual swing landed in 2023, when Gross Margin tumbled 6188 bps; it then soared 8744 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 95.79% in 2022, then plunged by 65 bps to 33.91% in 2023, then surged by 30 bps to 44.12% in 2024, then surged by 198 bps to 131.56% in 2025, then declined by 27 bps to 95.8% in 2026.
- The last three Gross Margin figures came in at 95.8% (Q1 2026), 131.56% (Q4 2025), and 96.53% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 95.80% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 85.69% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | -314.47% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 97.00% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 91.21% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 74.12% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 83.66% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 97.03% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 72.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.80% |
| Dec 31, 2025 | 131.56% |
| Sep 30, 2025 | 96.53% |
| Jun 30, 2025 | 95.96% |
| Mar 31, 2025 | 82.83% |
| Dec 31, 2024 | 44.12% |
| Sep 30, 2024 | 95.42% |
| Jun 30, 2024 | 95.97% |
| Mar 31, 2024 | 96.00% |
| Dec 31, 2023 | 33.91% |
| Sep 30, 2023 | 96.25% |
| Jun 30, 2023 | 83.85% |
| Mar 31, 2023 | 96.08% |
| Dec 31, 2022 | 95.79% |
| Sep 30, 2022 | 76.26% |
| Jun 30, 2022 | 76.69% |
| Mar 31, 2022 | 77.62% |
| Dec 31, 2021 | 96.69% |
| Sep 30, 2021 | 83.05% |
| Jun 30, 2021 | 96.88% |
| Mar 31, 2021 | 75.49% |
| Dec 31, 2020 | 108.88% |
| Sep 30, 2020 | 96.73% |
| Jun 30, 2020 | 74.66% |
| Mar 31, 2020 | 95.37% |
| Dec 31, 2019 | 92.18% |
| Sep 30, 2019 | 96.21% |
| Jun 30, 2019 | 96.71% |
| Mar 31, 2019 | 95.92% |
| Dec 31, 2018 | 94.08% |
| Sep 30, 2018 | 95.52% |
| Jun 30, 2018 | 80.12% |
| Mar 31, 2018 | 81.38% |
| Dec 31, 2017 | 82.38% |
| Sep 30, 2017 | 96.10% |
| Jun 30, 2017 | 84.30% |
| Mar 31, 2017 | 95.56% |
| Dec 31, 2016 | 52.63% |
| Sep 30, 2016 | 95.55% |
| Jun 30, 2016 | 95.82% |
| Mar 31, 2016 | 94.67% |
| Dec 31, 2015 | 132.39% |
| Sep 30, 2015 | 94.91% |
| Jun 30, 2015 | 94.65% |
| Mar 31, 2015 | 94.65% |
| Dec 31, 2014 | 94.87% |
| Sep 30, 2014 | 73.59% |
| Jun 30, 2014 | 96.16% |
| Mar 31, 2014 | 75.03% |
| Dec 31, 2013 | 75.52% |
| Sep 30, 2013 | 78.16% |
| Jun 30, 2013 | 73.27% |
| Mar 31, 2013 | 95.80% |
| Dec 31, 2012 | -3.66% |
| Sep 30, 2012 | 95.57% |
| Jun 30, 2012 | 66.04% |
| Mar 31, 2012 | 95.06% |
| Dec 31, 2011 | 172.41% |
| Sep 30, 2011 | 95.68% |
| Jun 30, 2011 | 98.02% |
| Mar 31, 2011 | 94.46% |
| Dec 31, 2010 | 93.57% |
| Sep 30, 2010 | 97.88% |
| Jun 30, 2010 | 95.07% |
| Mar 31, 2010 | 97.98% |
| Dec 31, 2009 | 162.79% |
| Sep 30, 2009 | 97.61% |
| Jun 30, 2009 | 94.46% |