Delta Air Lines (DAL) Operating Expenses (2009 - 2026)
Delta Air Lines' (DAL) quarterly Operating Expenses came in at $17.9 billion in Q2 2026, up 23.01% on a YoY basis from $14.5 billion in Q2 2025, and up 16.54% quarter-over-quarter from $15.4 billion in Q1 2026.
Analysis
Delta Air Lines (DAL) Operating Expenses (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported Operating Expenses for 18 consecutive years, with $17.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 23.01% year-over-year to $17.9 billion; the trailing twelve-month figure through Jun 2026 stood at $62.8 billion (up 11.81% YoY), and the FY2025 full-year result was $57.5 billion, up 3.4% from the prior year.
- Operating Expenses advanced to $17.9 billion in Q2 2026 per DAL's latest filing, from $15.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $17.9 billion in Q2 2026 and bottomed at $10.1 billion in Q1 2022.
- Historically, Operating Expenses has averaged $13.7 billion across 5 years, with a median of $13.5 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 95.01% in 2022, then rose 0.75% in 2024.
- Over 5 years, Operating Expenses stood at $12.0 billion in 2022, then rose by 7.82% to $12.9 billion in 2023, then rose by 7.29% to $13.8 billion in 2024, then climbed by 5.01% to $14.5 billion in 2025, then advanced by 23.09% to $17.9 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $17.9 billion, $15.4 billion, and $14.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | 1.41 Bn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 922.38 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | 2.84 Bn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 1.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.89 Bn |
| 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 |