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
Download Data| Date | Value |
|---|---|
| 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 |