Delta Air Lines (DAL) Operating Expenses (2009 - 2026)
Delta Air Lines (DAL) posted Operating Expenses of $17.9 billion for Q2 2026, up 16.54% on a QoQ basis from $15.4 billion in Q1 2026, and up 23.01% year-over-year from $14.5 billion in Q2 2025.
Delta Air Lines (DAL) Operating Expenses (2009 - 2026) Analysis & Trends
Delta Air Lines' Operating Expenses history runs 18 years deep, the most recent figure standing at $17.9 billion for 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 was $17.9 billion for Q2 2026 at Delta Air Lines, up 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.
- 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 advanced 0.75%.
- Delta Air Lines' 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.
- Business Quant data shows DAL's Operating Expenses at $17.9 billion in Q2 2026, $15.4 billion in Q1 2026, and $14.5 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | -3.34 Bn |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | 4.33 Bn |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | 17.89 Bn |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | 8.15 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | 958.00 Mn |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | 753.30 Mn |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | 3.58 Bn |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | 946.92 Mn |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | 2.46 Bn |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn | 651.33 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 |