KPIs & Operating Metrics(New)
Growth Metrics

Delta Air Lines (DAL) Operating Expenses (2009 - 2026)

Delta Air Lines posted quarterly Operating Expenses of $15.4 billion for Q1 2026, up 13.97% year-on-year from $13.5 billion in Q1 2025, and up 5.62% on a QoQ basis from $14.5 billion in Q4 2025.

Delta Air Lines (DAL) has 18 years of Operating Expenses data on file, last reported at $15.4 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 13.97% year-over-year to $15.4 billion; the trailing twelve-month figure through Mar 2026 stood at $59.4 billion (up 6.14% YoY), and the FY2025 full-year result was $57.5 billion, up 3.4% from the prior year.
  • Operating Expenses for Q1 2026 stood at $15.4 billion, up from $14.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $15.4 billion in Q1 2026 and bottomed at $10.1 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $13.5 billion (2025), against an average of $13.4 billion.
  • The widest annual swing landed in 2022, when Operating Expenses soared 95.01%; it then increased 0.75% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $12.0 billion in 2022, then increased by 7.82% to $12.9 billion in 2023, then increased by 7.29% to $13.8 billion in 2024, then advanced by 5.01% to $14.5 billion in 2025, then rose by 5.62% to $15.4 billion in 2026.
  • The last three Operating Expenses figures came in at $15.4 billion (Q1 2026), $14.5 billion (Q4 2025), and $15.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 15.35 Bn
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 6.92 Bn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 1.20 Bn
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 791.00 Mn
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 3.58 Bn
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 889.49 Mn
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn 753.30 Mn
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn 2.46 Bn
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 651.33 Mn
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 1.28 Bn

Historic Data

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DateValue
Mar 31, 2026 15.35 Bn
Dec 31, 2025 14.54 Bn
Sep 30, 2025 14.99 Bn
Jun 30, 2025 14.55 Bn
Mar 31, 2025 13.47 Bn
Dec 31, 2024 13.84 Bn
Sep 30, 2024 14.28 Bn
Jun 30, 2024 14.39 Bn
Mar 31, 2024 13.13 Bn
Dec 31, 2023 12.90 Bn
Sep 30, 2023 13.50 Bn
Jun 30, 2023 13.09 Bn
Mar 31, 2023 13.04 Bn
Dec 31, 2022 11.97 Bn
Sep 30, 2022 12.52 Bn
Jun 30, 2022 12.31 Bn
Mar 31, 2022 10.13 Bn
Dec 31, 2021 9.21 Bn
Sep 30, 2021 6.95 Bn
Jun 30, 2021 6.31 Bn
Mar 31, 2021 5.55 Bn
Dec 31, 2020 4.83 Bn
Sep 30, 2020 9.45 Bn
Jun 30, 2020 6.28 Bn
Mar 31, 2020 9.00 Bn
Dec 31, 2019 10.04 Bn
Sep 30, 2019 10.49 Bn
Jun 30, 2019 10.41 Bn
Mar 31, 2019 9.45 Bn
Dec 31, 2018 9.65 Bn
Sep 30, 2018 10.31 Bn
Jun 30, 2018 10.09 Bn
Mar 31, 2018 9.12 Bn
Dec 31, 2017 9.07 Bn
Sep 30, 2017 9.24 Bn
Jun 30, 2017 8.77 Bn
Mar 31, 2017 8.10 Bn
Dec 31, 2016 8.21 Bn
Sep 30, 2016 8.51 Bn
Jun 30, 2016 8.02 Bn
Mar 31, 2016 7.71 Bn
Dec 31, 2015 7.79 Bn
Sep 30, 2015 8.89 Bn
Jun 30, 2015 8.23 Bn
Mar 31, 2015 7.99 Bn
Dec 31, 2014 10.48 Bn
Sep 30, 2014 10.34 Bn
Jun 30, 2014 9.04 Bn
Mar 31, 2014 8.30 Bn
Dec 31, 2013 8.38 Bn
Sep 30, 2013 8.93 Bn
Jun 30, 2013 8.79 Bn
Mar 31, 2013 8.28 Bn
Dec 31, 2012 8.25 Bn
Sep 30, 2012 8.62 Bn
Jun 30, 2012 9.60 Bn
Mar 31, 2012 8.03 Bn
Dec 31, 2011 7.67 Bn
Sep 30, 2011 8.96 Bn
Jun 30, 2011 8.67 Bn
Mar 31, 2011 7.84 Bn
Dec 31, 2010 7.50 Bn
Sep 30, 2010 7.95 Bn
Jun 30, 2010 7.32 Bn
Mar 31, 2010 6.78 Bn
Dec 31, 2009 6.85 Bn
Sep 30, 2009 7.37 Bn
Jun 30, 2009 7.00 Bn