Delta Air Lines (DAL) Operating Leases (2018 - 2026)
Delta Air Lines' (DAL) quarterly Operating Leases came in at $5.2 billion in Q2 2026, down 5.77% on a YoY basis from $5.5 billion in Q2 2025, and down 2.55% quarter-over-quarter from $5.3 billion in Q1 2026.
Analysis
Delta Air Lines (DAL) Operating Leases (2018 - 2026) Analysis & Trends
Delta Air Lines (DAL) has reported Operating Leases for 9 consecutive years, with $5.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases fell 5.77% year-over-year to $5.2 billion; the trailing twelve-month figure through Jun 2026 stood at $5.2 billion (down 5.77% YoY), and the FY2025 full-year result was $5.4 billion, down 27.9% from the prior year.
- Operating Leases fell to $5.2 billion in Q2 2026 per DAL's latest filing, from $5.3 billion in the prior quarter.
- Across five years, Operating Leases topped out at $9.2 billion in Q4 2022 and bottomed at $5.2 billion in Q2 2026.
- Historically, Operating Leases has averaged $6.5 billion across 5 years, with a median of $6.4 billion in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Leases climbed 29.29% in 2022, then decreased 27.9% in 2025.
- Over 5 years, Operating Leases stood at $9.2 billion in 2022, then retreated by 6.05% to $8.7 billion in 2023, then fell by 14.38% to $7.4 billion in 2024, then slipped by 27.9% to $5.4 billion in 2025, then declined by 3.55% to $5.2 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $5.2 billion, $5.3 billion, and $5.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.16 Bn |
| Mar 31, 2026 | 5.30 Bn |
| Dec 31, 2025 | 5.35 Bn |
| Sep 30, 2025 | 5.36 Bn |
| Jun 30, 2025 | 5.48 Bn |
| Mar 31, 2025 | 5.70 Bn |
| Dec 31, 2024 | 7.42 Bn |
| Sep 30, 2024 | 5.92 Bn |
| Jun 30, 2024 | 6.05 Bn |
| Mar 31, 2024 | 6.20 Bn |
| Dec 31, 2023 | 8.67 Bn |
| Sep 30, 2023 | 6.56 Bn |
| Jun 30, 2023 | 6.65 Bn |
| Mar 31, 2023 | 6.88 Bn |
| Dec 31, 2022 | 9.23 Bn |
| Sep 30, 2022 | 6.87 Bn |
| Jun 30, 2022 | 7.01 Bn |
| Mar 31, 2022 | 7.20 Bn |
| Dec 31, 2021 | 9.60 Bn |
| Sep 30, 2021 | 5.74 Bn |