Delta Air Lines (DAL) Gross Margin (2009 - 2026)
Delta Air Lines (DAL) posted Gross Margin of 96.52% for Q2 2026, up 0.75% on a QoQ basis from 95.8% in Q1 2026, and up 58.0% year-over-year from 61.09% in Q2 2025.
Delta Air Lines (DAL) Gross Margin (2009 - 2026) Analysis & Trends
Delta Air Lines' Gross Margin history runs 18 years deep, the most recent figure standing at 96.52% for 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 was 96.52% for Q2 2026 at Delta Air Lines, up 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.
- 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 tumbled 122 bps.
- Delta Air Lines' 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.
- Business Quant data shows DAL's Gross Margin at 96.52% in Q2 2026, 95.8% in Q1 2026, and 96.73% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 0.03% |
| 2 | Ryanair Holdings | 60.98 Bn | 57.79 Bn | - | - |
| 3 | Delta Air Lines | 56.59 Bn | 51.93 Bn | 19.07 Bn | 96.52% |
| 4 | Southwest Airlines | 22.17 Bn | 18.38 Bn | 7.33 Bn | 86.94% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.94 Bn | 8.12 Bn | - | - |
| 6 | Copa Holdings | 5.67 Bn | 4.33 Bn | 713.71 Mn | 74.12% |
| 7 | Alaska Air | 5.36 Bn | 3.60 Bn | 3.20 Bn | 97.00% |
| 8 | Skywest | 4.31 Bn | 3.71 Bn | 1.01 Bn | 91.70% |
| 9 | Jetblue Airways | 2.02 Bn | 1.61 Bn | 1.87 Bn | 83.66% |
| 10 | Allegiant Travel | 1.82 Bn | 916.08 Mn | 651.87 Mn | 97.03% |
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% |