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% YoY from $14.5 billion in Q2 2025, and up 16.54% on a QoQ basis from $15.4 billion in Q1 2026.
Delta Air Lines (DAL) Operating Expenses (2009 - 2026) Analysis & Trends
Delta Air Lines (DAL) has 18 years of Operating Expenses data on file, last reported at $17.9 billion in Q2 2026.
- Quarterly Operating Expenses rose 23.01% year-over-year to $17.9 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $62.8 billion (up 11.81% YoY) and the FY2025 annual result came in at $57.5 billion, up 3.4% from the prior year.
- Operating Expenses improved to $17.9 billion in Q2 2026, from $15.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $17.9 billion in Q2 2026 to a low of $10.1 billion in Q1 2022.
- A 5-year average of $13.7 billion and a median of $13.5 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 95.01% — and 2024, when it increased 0.75%.
- Tracing DAL's Operating Expenses over 5 years: 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 rose by 23.09% to $17.9 billion in 2026.
- The last three Operating Expenses figures came in at $17.9 billion (Q2 2026), $15.4 billion (Q1 2026), and $14.5 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.79 Bn | 49.13 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 29.11 Bn | 25.89 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 19.65 Bn | 15.86 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.34 Bn | 4.08 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.47 Bn | 1.81 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Allegiant Travel | 1.83 Bn | 778.80 Mn | 902.77 Mn | 922.38 Mn |
| 8 | Jetblue Airways | 1.81 Bn | -210.04 Mn | 2.32 Bn | 2.84 Bn |
| 9 | Frontier Group Holdings | 1.35 Bn | 398.42 Mn | - | 1.38 Bn |
| 10 | Republic Airways Holdings | 854.29 Mn | 576.69 Mn | 487.40 Mn | 512.40 Mn |
Historic Data
Download 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 |