Delta Air Lines (DAL) Net Margin (2009 - 2026)
Delta Air Lines' (DAL) quarterly Net Margin came in at 8.12% in Q2 2026, down 468.0% on a YoY basis from 2.21% in Q2 2025, and up 545.37% quarter-over-quarter from 1.82% in Q1 2026.
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Delta Air Lines (DAL) Net Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported Net Margin for 18 consecutive years, with 8.12% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 468.0% year-over-year to 8.12%; the trailing twelve-month figure through Jun 2026 stood at 5.79% (down 146.0% YoY), and the FY2025 full-year result was 7.9%, up 229.0% from the prior year.
- Net Margin improved to 8.12% in Q2 2026 per DAL's latest filing, from 1.82% in the prior quarter.
- Across five years, Net Margin topped out at 14.32% in Q4 2023 and bottomed at 10.06% in Q1 2022.
- Historically, Net Margin has averaged 5.3% across 5 years, with a median of 6.66% in 2022.
- The sharpest annual moves came in 2022 and 2024: Net Margin jumped 1831 bps in 2022, then slumped 890 bps in 2024.
- Over 5 years, Net Margin stood at 6.17% in 2022, then jumped by 132 bps to 14.32% in 2023, then plunged by 62 bps to 5.42% in 2024, then jumped by 41 bps to 7.62% in 2025, then climbed by 7 bps to 8.12% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 8.12%, 1.82%, and 7.62% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 8.12% |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 12.26% |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 2.76% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 8.16% |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | -1.87% |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 9.13% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | -3.92% |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | -0.51% |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | -9.16% |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | -7.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.12% |
| Mar 31, 2026 | -1.82% |
| Dec 31, 2025 | 7.62% |
| Sep 30, 2025 | 8.50% |
| Jun 30, 2025 | 12.79% |
| Mar 31, 2025 | 1.71% |
| Dec 31, 2024 | 5.42% |
| Sep 30, 2024 | 8.11% |
| Jun 30, 2024 | 7.83% |
| Mar 31, 2024 | 0.27% |
| Dec 31, 2023 | 14.32% |
| Sep 30, 2023 | 7.15% |
| Jun 30, 2023 | 11.73% |
| Mar 31, 2023 | -2.85% |
| Dec 31, 2022 | 6.17% |
| Sep 30, 2022 | 4.97% |
| Jun 30, 2022 | 5.32% |
| Mar 31, 2022 | -10.06% |
| Dec 31, 2021 | -4.31% |
| Sep 30, 2021 | 13.24% |