Delta Air Lines, Inc. (DAL) Financial Statements

Delta Air Lines, Inc.

DAL · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$63.36B	$61.64B	$58.05B	$50.58B	$29.90B	$17.09B	$47.01B	$44.44B
Operating Expenses	$57.54B	$55.65B	$52.53B	$46.92B	$28.01B	$29.56B	$40.39B	$39.17B
Operating Income	$5.82B	$6.00B	$5.52B	$3.66B	$1.89B	-$12.47B	$6.62B	$5.26B
Interest Expense	—	—	-$834.00M	-$1.03B	-$1.28B	-$929.00M	-$301.00M	-$311.00M
Other Income / (Expense)	$363.00M	-$1.34B	$87.00M	-$1.75B	-$1.49B	-$3.12B	-$420.00M	-$113.00M
Income Before Taxes	$6.18B	$4.66B	$5.61B	$1.91B	$398.00M	-$15.59B	$6.20B	$5.15B
Provision for Income Taxes	$1.18B	$1.20B	$999.00M	$596.00M	$118.00M	-$3.20B	$1.43B	$1.22B
Net Income	$5.00B	$3.46B	$4.61B	$1.32B	$280.00M	-$12.38B	$4.77B	$3.94B
Basic EPS	$7.72	$5.39	$7.21	$2.07	$0.44	-$19.49	$7.32	$5.69
Diluted EPS	$7.66	$5.33	$7.17	$2.06	$0.44	-$19.49	$7.30	$5.67
Basic Shares Outstanding	648.00M	641.00M	639.00M	638.00M	636.00M	636.00M	651.00M	691.00M
Diluted Shares Outstanding	654.00M	648.00M	643.00M	641.00M	641.00M	636.00M	653.00M	694.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$6.54	$5.79	$7.11	7	↑7 ↓0
Dec 2027	$8.74	$8.29	$10.23	8	↑5 ↓0
Dec 2028	$10.07	$9.55	$11.08	4	↑3 ↓0
Dec 2029	$3.56	$3.56	$3.56	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: DAL
Type: Stock
Sector: Consumer Discretionary
Industry: Air Freight/Delivery Services
Country: North America
Exchange: NYSE

Through exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other. Delta served more than 200 million customers in 2025 - safely, reliably and with industry-leading customer service innovation - and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year. We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.

Key Issues

Bullish view

Delta's revenue increased to $63.4 billion in FY2025 from $61.6 billion, while net income rose to $5.0 billion from $3.5 billion. Bulls see that improvement as evidence that passenger demand and operating leverage can continue supporting earnings.

Bearish view

The supplied evidence does not show forward bookings, fares, capacity, or updated guidance. Bears argue that one year of stronger results is insufficient to establish durable growth without visibility into demand and costs.

Analyst Consensus

See all

Buy

18 analysts

$94

Current

—

Low

$105

Average

—

High

Average target implies +12.07% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Nike, Inc.NKE · NYSE$42.07