DAL Stock Analysis: Delta Air Lines | NYSE
Airlines | NYSE, USA | Market Cap: 55.595m USD | 12M Return: 55.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 644M
EPS Trend: -67.1%
Qual. Beats: 0
Rev. Trend: 96.7%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Delta Air Lines (NYSE: DAL) is a major U.S.-based global carrier offering scheduled passenger and cargo air transportation, organized around two segments: Airline and Refinery. The airline runs a hub-and-spoke network anchored by large domestic hubs in Atlanta, Detroit, Minneapolis–St. Paul, and Salt Lake City, with additional coastal gateways in Boston, Los Angeles, New York (JFK and LaGuardia), and Seattle, complemented by international hubs in Amsterdam, London-Heathrow, Paris-Charles de Gaulle, Tokyo, Seoul-Incheon, Mexico City, and South American cities including Bogota, Lima, Santiago, and Sao Paulo.
Beyond scheduled flights, Delta generates ancillary revenue through aircraft maintenance, repair, and overhaul (MRO) services and vacation packages, supporting a diversified business model typical of large network carriers. The company operates approximately 1,314 aircraft, was founded in 1924, and is headquartered in Atlanta, Georgia.
Sector context: Delta operates within the GICS Passenger Airlines sub-industry (Industrials sector), a capital-intensive industry characterized by high fixed costs, significant fuel exposure, and heavy regulatory oversight on safety, labor, and emissions. The inclusion of a Refinery segment is a notable differentiator, as a small number of major U.S. carriers (including Delta) own and operate dedicated fuel refineries to hedge jet fuel price volatility rather than rely solely on third-party suppliers.
- Jet fuel costs and refinery margins swing quarterly earnings
- Premium cabin demand drives Deltas passenger unit revenue
- Delta accelerates buybacks and debt reduction program
| Net Income: 3.95b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.05 > 1.0 |
| NWC/Revenue: -28.36% < 20% (prev -28.38%; Δ 0.01% < -1%) |
| CFO/TA 0.09 > 3% & CFO 8.13b > Net Income 3.95b |
| Net Debt (21.4b) to EBITDA (8.42b): 2.54 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (657.0m) vs 12m ago 0.77% < -2% |
| Gross Margin: 27.32% > 18% (prev 26.87%; Δ 0.45% > 0.5%) |
| Asset Turnover: 82.91% > 50% (prev 78.99%; Δ 3.93% > 0%) |
| Interest Coverage Ratio: 8.48 > 6 (EBIT TTM 5.29b / Interest Expense TTM 623.0m) |
| A: -0.22 (Total Current Assets 14.2b - Total Current Liabilities 33.6b) / Total Assets 86.3b |
| B: 0.17 (Retained Earnings 14.3b / Total Assets 86.3b) |
| C: 0.06 (EBIT TTM 5.29b / Avg Total Assets 82.4b) |
| D: 0.34 (Book Value of Equity 21.8b / Total Liabilities 64.5b) |
| Altman-Z'' = -0.15 = B |
| DSRI: 1.04 (Receivables 4.31b/3.75b, Revenue 68.3b/61.9b) |
| GMI: 0.98 (GM 26.87% / 27.32%) |
| AQI: 1.00 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.10 (Revenue 68.3b / 61.9b) |
| TATA: -0.05 (NI 3.95b - CFO 8.13b) / TA 86.3b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of July 27, 2026, the stock is trading at USD 85.06 with a total of 5,445,710 shares traded. Over the past week, the price has changed by +1.06%, over one month by -7.89%, over three months by +25.36% and over the past year by +55.18%.
Current recommended Stop Loss: 80.00 (which is 5.9% or 2 ATR below the current price).
Delta Air Lines has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy DAL.
- StrongBuy: 16
- Buy: 5
- Hold: 2
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 105.5 | 24.1% |
P/E Trailing = 13.8463
P/E Forward = 13.0548
P/S = 0.8029
P/B = 2.5177
P/EG = 39.2935
Revenue TTM = 68.3b USD
EBIT TTM = 5.29b USD
EBITDA TTM = 8.42b USD
Long Term Debt = 10.5b USD (from longTermDebt, last quarter)
Short Term Debt = 4.31b USD (from shortTermDebt, last quarter)
Debt = 26.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.03b
Net Debt = 21.4b USD (calculated: Debt 26.0b - CCE 4.67b)
Enterprise Value = 76.9b USD (55.6b + Debt 26.0b - CCE 4.67b)
Interest Coverage Ratio = 8.48 (Ebit TTM 5.29b / Interest Expense TTM 623.0m)
EV/FCF = 12.68x (Enterprise Value 76.9b / FCF TTM 6.07b)
FCF Yield = 7.88% (FCF TTM 6.07b / Enterprise Value 76.9b)
FCF Margin = 8.88% (FCF TTM 6.07b / Revenue TTM 68.3b)
Net Margin = 5.79% (Net Income TTM 3.95b / Revenue TTM 68.3b)
Gross Margin = 27.32% ((Revenue TTM 68.3b - Cost of Revenue TTM 49.6b) / Revenue TTM)
Gross Margin QoQ = 33.55% (prev 28.63%)
Tobins Q-Ratio = 0.89 (Enterprise Value 76.9b / Total Assets 86.3b)
Interest Expense / Debt = 2.39% (Interest Expense 623.0m / Debt 26.0b)
Taxrate = 22.30% (1.13b / 5.08b)
NOPAT = 4.11b (EBIT 5.29b * (1 - 22.30%))
Current Ratio = 0.42 (Total Current Assets 14.2b / Total Current Liabilities 33.6b)
Debt / Equity = 1.19 (Debt 26.0b / totalStockholderEquity, last quarter 21.8b)
Debt / EBITDA = 2.54 (Net Debt 21.4b / EBITDA 8.42b)
Debt / FCF = 3.52 (Net Debt 21.4b / FCF TTM 6.07b)
Total Stockholder Equity = 20.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.80% (Net Income 3.95b / Total Assets 86.3b)
RoE = 19.33% (Net Income TTM 3.95b / Total Stockholder Equity 20.4b)
RoCE = 17.08% (EBIT 5.29b / Capital Employed (Equity 20.4b + L.T.Debt 10.5b))
RoIC = 7.66% (NOPAT 4.11b / Invested Capital 53.6b)
WACC = 8.43% (E(55.6b)/V(81.6b) * Re(11.50%) + D(26.0b)/V(81.6b) * Rd(2.39%) * (1-Tc(0.22)))
Discount Rate = 11.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.39 | Cagr: 0.82%
[DCF] Terminal Value 77.72% ; FCFF base≈4.57b ; Y1≈5.24b ; Y5≈7.72b
[DCF] Fair Price = 141.7 (EV 115b - Net Debt 21.4b = Equity 93.2b / Shares 657.6m; r=8.43% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -67.05 | EPS CAGR: -3.72% | SUE: 0.72 | # QB: 0
Revenue Correlation: 96.67 | Revenue CAGR: 5.44% | SUE: 2.37 | # QB: 2
EPS current Quarter (2026-09-30): EPS=2.25 | Chg30d=+35.51% | Revisions=+46% | Analysts=20
EPS current Year (2026-12-31): EPS=6.65 | Chg30d=+19.79% | Revisions=+40% | GrowthEPS=+14.3% | GrowthRev=+13.8%
EPS next Year (2027-12-31): EPS=8.83 | Chg30d=+12.55% | Revisions=+17% | GrowthEPS=+37.5% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: +46% (up=19, down=6)