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% YoY from 2.21% in Q2 2025, and up 545.37% on a QoQ basis from 1.82% in Q1 2026.
Delta Air Lines (DAL) Net Margin (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has 18 years of Net Margin data on file, last reported at 8.12% in 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 grew to 8.12% in Q2 2026, from 1.82% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 14.32% in Q4 2023 to a low of 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 sank 890 bps.
- Tracing DAL's Net Margin over 5 years: 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 gained by 7 bps to 8.12% in 2026.
- The last three Net Margin figures came in at 8.12% (Q2 2026), 1.82% (Q1 2026), and 7.62% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 8.12% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 14.23% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 2.76% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 8.16% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -1.87% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 9.13% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -9.16% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | -0.51% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -7.04% |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 5.46% |
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% |