Delta Air Lines (DAL) Net Margin (2009 - 2026)
Delta Air Lines (DAL) reported Net Margin of 1.82% for Q1 2026, down 353.0% on a YoY basis from 0.72% in Q1 2025, and down 123.93% quarter-over-quarter from 7.62% in Q4 2025.
Delta Air Lines (DAL) Net Margin (2009 - 2026) Analysis & Trends
Delta Air Lines has reported Net Margin for 18 years, with the latest figure at 1.82% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 353.0% year-over-year to 1.82%; the trailing twelve-month figure through Mar 2026 stood at 6.87% (up 96.0% YoY), and the FY2025 full-year result was 7.9%, up 229.0% from the prior year.
- Net Margin for Q1 2026 stood at 1.82%, down from 7.62% in the prior quarter.
- The five-year high for Net Margin was 14.32% in Q4 2023, with the low at 10.06% in Q1 2022.
- Historically, Net Margin has averaged 5.13% across 5 years, with a median of 6.17% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin soared 1831 bps — and 2024, when it sank 890 bps.
- Delta Air Lines' Net Margin stood at 6.17% in 2022, then surged by 132 bps to 14.32% in 2023, then slumped by 62 bps to 5.42% in 2024, then surged by 41 bps to 7.62% in 2025, then sank by 124 bps to 1.82% in 2026.
- The last three Net Margin figures came in at 1.82% (Q1 2026), 7.62% (Q4 2025), and 8.5% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -19.61% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -1.82% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 17.11% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 3.13% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 19.94% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -5.85% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 10.04% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -13.90% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -14.24% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 6.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 9.15% |