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

Delta Air Lines (DAL) reported Operating Expenses of $15.4 billion for Q1 2026, up 13.97% on a YoY basis from $13.5 billion in Q1 2025, and up 5.62% quarter-over-quarter from $14.5 billion in Q4 2025.

Delta Air Lines (DAL) Operating Expenses (2009 - 2026) Analysis & Trends

Delta Air Lines has reported Operating Expenses for 18 years, with the latest figure 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.
  • The five-year high for Operating Expenses was $15.4 billion in Q1 2026, with the low at $10.1 billion in Q1 2022.
  • Historically, Operating Expenses has averaged $13.4 billion across 5 years, with a median of $13.5 billion in 2025.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 95.01% — and 2024, when it increased 0.75%.
  • Delta Air Lines' Operating Expenses stood at $12.0 billion in 2022, then grew by 7.82% to $12.9 billion in 2023, then grew by 7.29% to $13.8 billion in 2024, then gained by 5.01% to $14.5 billion in 2025, then increased 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 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 3.53 Bn
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 15.35 Bn
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 1.20 Bn
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 6.92 Bn
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 753.30 Mn
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 3.58 Bn
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 889.49 Mn
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 791.00 Mn
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn 2.46 Bn
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 651.33 Mn

Historic Data

Download Data
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