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% on a YoY basis from 61.09% in Q2 2025, and up 0.75% quarter-over-quarter from 95.8% in Q1 2026.
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Delta Air Lines (DAL) Gross Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported Gross Margin for 18 consecutive years, with 96.52% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 58.0% year-over-year to 96.52%; the trailing twelve-month figure through Jun 2026 stood at 96.4% (up 73.0% YoY), and the FY2025 full-year result was 96.23%, up 22.0% from the prior year.
- Gross Margin rose to 96.52% in Q2 2026 per DAL's latest filing, from 95.8% in the prior quarter.
- Across five years, Gross Margin topped out at 97.21% in Q4 2022 and bottomed at 95.05% in Q1 2025.
- Historically, Gross Margin has averaged 96.18% across 5 years, with a median of 96.23% in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 345 bps in 2022, then sank 122 bps in 2023.
- Over 5 years, Gross Margin stood at 97.21% in 2022, then decreased by 1 bps to 95.99% in 2023, then grew by 0 bps to 96.22% in 2024, then climbed by 1 bps to 96.73% in 2025, then dropped by 0 bps to 96.52% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 96.52%, 95.8%, and 96.73% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - | - |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn | 91.70% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 95.68% |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn | 85.95% |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - | - |
Historic Data
Download Data
Historic 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% |