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| 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 |