Delta Air Lines (DAL) Net Margin (2009 - 2026)
Delta Air Lines (DAL) posted Net Margin of 8.12% for Q2 2026, up 545.37% on a QoQ basis from 1.82% in Q1 2026, and down 468.0% year-over-year from 2.21% in Q2 2025.
Delta Air Lines (DAL) Net Margin (2009 - 2026) Analysis & Trends
Delta Air Lines' Net Margin history runs 18 years deep, the most recent figure standing at 8.12% for Q2 2026.
- Quarterly Net Margin fell 468.0% year-over-year to 8.12% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 5.79% (down 146.0% YoY) and the FY2025 annual result came in at 7.9%, up 229.0% from the prior year.
- Net Margin was 8.12% for Q2 2026 at Delta Air Lines, up 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.
- A 5-year average of 5.3% and a median of 6.66% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin soared 1831 bps — and 2024, when it plunged 890 bps.
- Delta Air Lines' 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.
- Business Quant data shows DAL's Net Margin at 8.12% in Q2 2026, 1.82% in Q1 2026, and 7.62% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,690.85 Bn | 30,688.18 Bn | 1.28 Mn | 0.01% |
| 2 | Ryanair Holdings | 60.61 Bn | 57.42 Bn | - | - |
| 3 | Delta Air Lines | 56.34 Bn | 51.67 Bn | 19.07 Bn | 8.12% |
| 4 | Southwest Airlines | 22.05 Bn | 18.26 Bn | 7.33 Bn | 2.76% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.94 Bn | 8.12 Bn | - | -14.78% |
| 6 | Copa Holdings | 5.66 Bn | 4.32 Bn | 713.71 Mn | 21.94% |
| 7 | Alaska Air | 5.31 Bn | 3.54 Bn | 3.20 Bn | -5.85% |
| 8 | Skywest | 4.29 Bn | 3.69 Bn | 1.01 Bn | 9.13% |
| 9 | Jetblue Airways | 2.01 Bn | 1.60 Bn | 1.87 Bn | -14.24% |
| 10 | Allegiant Travel | 1.81 Bn | 906.70 Mn | 651.87 Mn | 6.32% |
Historic Data
Download 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% |