KPIs & Operating Metrics(New)
Growth Metrics

Delta Air Lines (DAL) Invested Capital (2009 - 2026)

Delta Air Lines posted quarterly Invested Capital of $33.6 billion for Q1 2026, up 10.12% year-on-year from $30.5 billion in Q1 2025, and down 1.61% on a QoQ basis from $34.2 billion in Q4 2025.

Delta Air Lines (DAL) has 18 years of Invested Capital data on file, last reported at $33.6 billion in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital rose 10.12% year-over-year to $33.6 billion; the trailing twelve-month figure through Mar 2026 stood at $33.6 billion (up 10.12% YoY), and the FY2025 full-year result was $34.2 billion, up 11.49% from the prior year.
  • Invested Capital for Q1 2026 stood at $33.6 billion, down from $34.2 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $34.2 billion in Q4 2025 and bottomed at $26.1 billion in Q3 2022.
  • The 5-year median for Invested Capital is $29.3 billion (2024), against an average of $29.4 billion.
  • The widest annual swing landed in 2022, when Invested Capital declined 9.04%; it then increased 11.49% in 2025.
  • A 5-year view of Invested Capital shows it stood at $28.0 billion in 2022, then rose by 6.27% to $29.7 billion in 2023, then increased by 3.11% to $30.6 billion in 2024, then rose by 11.49% to $34.2 billion in 2025, then dropped by 1.61% to $33.6 billion in 2026.
  • The last three Invested Capital figures came in at $33.6 billion (Q1 2026), $34.2 billion (Q4 2025), and $33.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 33.61 Bn
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 7.38 Bn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 3.53 Bn
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 394.00 Mn
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 8.81 Bn
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 3.33 Bn
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn 4.76 Bn
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn 10.25 Bn
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 2.89 Bn
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 810.00 Mn

Historic Data

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DateValue
Mar 31, 2026 33.61 Bn
Dec 31, 2025 34.16 Bn
Sep 30, 2025 33.00 Bn
Jun 30, 2025 31.82 Bn
Mar 31, 2025 30.52 Bn
Dec 31, 2024 30.64 Bn
Sep 30, 2024 30.23 Bn
Jun 30, 2024 29.17 Bn
Mar 31, 2024 29.28 Bn
Dec 31, 2023 29.72 Bn
Sep 30, 2023 27.25 Bn
Jun 30, 2023 26.74 Bn
Mar 31, 2023 26.58 Bn
Dec 31, 2022 27.96 Bn
Sep 30, 2022 26.11 Bn
Jun 30, 2022 26.88 Bn
Mar 31, 2022 26.76 Bn
Dec 31, 2021 28.97 Bn
Sep 30, 2021 28.71 Bn
Jun 30, 2021 28.55 Bn
Mar 31, 2021 27.96 Bn
Dec 31, 2020 29.51 Bn
Sep 30, 2020 3.36 Bn
Jun 30, 2020 8.69 Bn
Mar 31, 2020 14.31 Bn
Dec 31, 2019 25.46 Bn
Sep 30, 2019 24.09 Bn
Jun 30, 2019 23.25 Bn
Mar 31, 2019 23.30 Bn
Dec 31, 2018 23.06 Bn
Sep 30, 2018 22.37 Bn
Jun 30, 2018 22.15 Bn
Mar 31, 2018 14.61 Bn
Dec 31, 2017 20.97 Bn
Sep 30, 2017 -6.37 Bn
Jun 30, 2017 1.19 Bn
Mar 31, 2017 -6.53 Bn
Dec 31, 2016 18.29 Bn
Sep 30, 2016 -6.49 Bn
Jun 30, 2016 -6.39 Bn
Mar 31, 2016 -5.79 Bn
Dec 31, 2015 18.80 Bn
Sep 30, 2015 2.13 Bn
Jun 30, 2015 -5.78 Bn
Mar 31, 2015 11.56 Bn
Dec 31, 2014 18.08 Bn
Sep 30, 2014 13.47 Bn
Jun 30, 2014 13.44 Bn
Mar 31, 2014 13.22 Bn
Dec 31, 2013 22.49 Bn
Sep 30, 2013 1.96 Bn
Jun 30, 2013 511.00 Mn
Mar 31, 2013 -350.00 Mn
Dec 31, 2012 9.98 Bn
Sep 30, 2012 1.50 Bn
Jun 30, 2012 11.18 Bn
Mar 31, 2012 11.66 Bn
Dec 31, 2011 11.66 Bn
Sep 30, 2011 14.97 Bn
Jun 30, 2011 14.68 Bn
Mar 31, 2011 13.82 Bn
Dec 31, 2010 15.40 Bn
Sep 30, 2010 3.02 Bn
Jun 30, 2010 1.75 Bn
Dec 31, 2009 1.78 Bn