Delta Air Lines (DAL) Return on Capital Employed (2010 - 2026)

Delta Air Lines (DAL) reported Return on Capital Employed of 11.47% for Q1 2026, down 128.0% on a YoY basis from 40.96% in Q1 2025, and up 4.09% quarter-over-quarter from 11.02% in Q4 2025.

Delta Air Lines (DAL) Return on Capital Employed (2010 - 2026) Analysis & Trends

Delta Air Lines has reported Return on Capital Employed for 17 years, with the latest figure at 11.47% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed fell 128.0% year-over-year to 11.47%; the trailing twelve-month figure through Mar 2026 stood at 11.47% (down 128.0% YoY), and the FY2025 full-year result was 11.48%, down 105.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 11.47%, up from 11.02% in the prior quarter.
  • The five-year high for Return on Capital Employed was 13.99% in Q1 2024, with the low at 5.1% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 10.6% across 5 years, with a median of 11.73% in 2025.
  • Annual changes were most pronounced in 2022 — Return on Capital Employed surged 3105 bps — and 2025, when it sank 163 bps.
  • Delta Air Lines' Return on Capital Employed stood at 7.87% in 2022, then soared by 49 bps to 11.74% in 2023, then advanced by 5 bps to 12.31% in 2024, then fell by 11 bps to 11.02% in 2025, then grew by 4 bps to 11.47% in 2026.
  • The last three Return on Capital Employed figures came in at 11.47% (Q1 2026), 11.02% (Q4 2025), and 11.96% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 25.23%
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 11.47%
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 7,568,387.53%
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 5.87%
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 16.15%
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 1.66%
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 10.50%
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 3.51%
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn -3.55%
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 1.70%

Historic Data

Download Data
DateValue
Mar 31, 2026 11.47%
Dec 31, 2025 11.02%
Sep 30, 2025 11.96%
Jun 30, 2025 11.73%
Mar 31, 2025 12.75%
Dec 31, 2024 12.31%
Sep 30, 2024 11.87%
Jun 30, 2024 13.36%
Mar 31, 2024 13.99%
Dec 31, 2023 11.74%
Sep 30, 2023 12.37%
Jun 30, 2023 11.46%
Mar 31, 2023 9.41%
Dec 31, 2022 7.87%
Sep 30, 2022 5.13%
Jun 30, 2022 6.68%
Mar 31, 2022 5.10%
Dec 31, 2021 3.65%
Sep 30, 2021 1.44%
Jun 30, 2021 -15.46%