Delta Air Lines DAL
NYSE DAL
$79.60 +0.17 (+0.21%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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