Delta Air Lines (DAL) Gross Margin (2009 - 2026)

Delta Air Lines has reported Gross Margin for 18 years, with the latest figure 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.
• The five-year high for Gross Margin was 131.56% in Q4 2025, with the low at 33.91% in Q4 2023.
• Historically, Gross Margin has averaged 86.51% across 5 years, with a median of 95.79% in 2022.
• Annual changes were most pronounced in 2023 — Gross Margin sank 6188 bps — and 2025, when it soared 8744 bps.
• Delta Air Lines' Gross Margin stood at 95.79% in 2022, then sank by 65 bps to 33.91% in 2023, then jumped by 30 bps to 44.12% in 2024, then jumped by 198 bps to 131.56% in 2025, then dropped 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.