Delta Air Lines (DAL) Net Margin (2009 - 2026)
Delta Air Lines posted quarterly Net Margin of 1.82% for Q1 2026, down 353.0% year-on-year from 0.72% in Q1 2025, and down 123.93% on a QoQ basis from 7.62% in Q4 2025.
Delta Air Lines (DAL) has 18 years of Net Margin data on file, last reported 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.
- Across five years, Net Margin topped out at 14.32% in Q4 2023 and bottomed at 10.06% in Q1 2022.
- The 5-year median for Net Margin is 6.17% (2022), against an average of 5.13%.
- The widest annual swing landed in 2022, when Net Margin soared 1831 bps; it then tumbled 890 bps in 2024.
- A 5-year view of Net Margin shows it stood at 6.17% in 2022, then soared by 132 bps to 14.32% in 2023, then sank by 62 bps to 5.42% in 2024, then soared by 41 bps to 7.62% in 2025, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -1.82% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 3.13% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 17.11% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -13.90% |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -5.85% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 10.04% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 19.94% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -14.24% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 6.32% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -27.42% |
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% |
| Mar 31, 2021 | -28.36% |
| Dec 31, 2020 | -19.00% |
| Sep 30, 2020 | -175.67% |
| Jun 30, 2020 | -472.14% |
| Mar 31, 2020 | -6.22% |
| Dec 31, 2019 | 9.60% |
| Sep 30, 2019 | 11.90% |
| Jun 30, 2019 | 11.51% |
| Mar 31, 2019 | 6.97% |
| Dec 31, 2018 | 9.49% |
| Sep 30, 2018 | 11.06% |
| Jun 30, 2018 | 8.80% |
| Mar 31, 2018 | 5.59% |
| Dec 31, 2017 | 2.91% |
| Sep 30, 2017 | 10.48% |
| Jun 30, 2017 | 11.04% |
| Mar 31, 2017 | 6.16% |
| Dec 31, 2016 | 4.69% |
| Sep 30, 2016 | 12.01% |
| Jun 30, 2016 | 14.80% |
| Mar 31, 2016 | 10.23% |
| Dec 31, 2015 | 10.31% |
| Sep 30, 2015 | 11.84% |
| Jun 30, 2015 | 13.87% |
| Mar 31, 2015 | 7.95% |
| Dec 31, 2014 | -7.38% |
| Sep 30, 2014 | 3.19% |
| Jun 30, 2014 | 7.54% |
| Mar 31, 2014 | 2.39% |
| Dec 31, 2013 | 93.42% |
| Sep 30, 2013 | 13.05% |
| Jun 30, 2013 | 7.06% |
| Mar 31, 2013 | 0.08% |
| Dec 31, 2012 | 0.07% |
| Sep 30, 2012 | 10.55% |
| Jun 30, 2012 | -1.73% |
| Mar 31, 2012 | 1.47% |
| Dec 31, 2011 | 5.06% |
| Sep 30, 2011 | 5.59% |
| Jun 30, 2011 | 2.16% |
| Mar 31, 2011 | -4.10% |
| Dec 31, 2010 | 0.24% |
| Sep 30, 2010 | 4.06% |
| Jun 30, 2010 | 5.72% |
| Mar 31, 2010 | -3.74% |
| Dec 31, 2009 | -0.37% |
| Sep 30, 2009 | -2.13% |
| Jun 30, 2009 | -3.67% |