(DAL) Delta Air Lines - Overview
Sector: Industrials | Industry: Airlines | Exchange: NYSE (USA) | Market Cap: 53.742m USD | Total Return: 72.1% in 12m
Avg Turnover: 549M
EPS Trend: -56.1%
Qual. Beats: -1
Rev. Trend: 98.3%
Qual. Beats: 1
Warnings
Altman Z'' -0.29 < 1.0 - financial distress zone
Extended 1w
Tailwinds
Idiosyncratic Leader
Delta Air Lines, Inc. (DAL) provides global scheduled air transportation for passengers and cargo, operating through two primary segments: Airline and Refinery. Headquartered in Atlanta, the company maintains a dual-hub strategy with core domestic centers in the Midwest and South, alongside strategic coastal positions in major markets like New York and Los Angeles. Its international operations are supported by a network of global hubs and partnerships spanning Europe, Asia, and Latin America.
The company utilizes a fleet of approximately 1,314 aircraft and diversifies its revenue streams through ancillary services, including aircraft maintenance, repair, and overhaul (MRO) services and vacation packages. In the airline sector, owning a refinery is a distinct vertical integration strategy designed to mitigate jet fuel price volatility, which typically represents one of the largest operating expenses for carriers. The industry is highly capital-intensive, requiring significant ongoing investment in fleet modernization and infrastructure.
Investors may find additional financial metrics on ValueRay to further evaluate the companys valuation.
- Premium cabin demand and loyalty program growth drive high-margin revenue expansion
- Volatile jet fuel prices and refinery operations impact quarterly operating margins
- Corporate travel recovery rates influence long-term business class load factors
- Debt reduction initiatives and capital allocation strategies dictate shareholder valuation levels
- Labor contract negotiations and rising pilot wages increase structural operating costs
| Net Income: 4.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.99 > 1.0 |
| NWC/Revenue: -29.21% < 20% (prev -29.81%; Δ 0.60% < -1%) |
| CFO/TA 0.10 > 3% & CFO 8.40b > Net Income 4.48b |
| Net Debt (15.2b) to EBITDA (9.66b): 1.58 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (652.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 26.19% > 18% (prev 0.27%; Δ 2.59k% > 0.5%) |
| Asset Turnover: 80.58% > 50% (prev 80.08%; Δ 0.50% > 0%) |
| Interest Coverage Ratio: 10.11 > 6 (EBITDA TTM 9.66b / Interest Expense TTM 651.0m) |
| A: -0.23 (Total Current Assets 13.7b - Total Current Liabilities 32.7b) / Total Assets 84.4b |
| B: 0.15 (Retained Earnings 12.9b / Total Assets 84.4b) |
| C: 0.08 (EBIT TTM 6.58b / Avg Total Assets 80.9b) |
| D: 0.14 (Book Value of Equity 8.83b / Total Liabilities 64.1b) |
| Altman-Z'' = -0.29 = B |
| DSRI: 1.06 (Receivables 4.09b/3.65b, Revenue 65.2b/61.9b) |
| GMI: 1.03 (GM 26.19% / 27.00%) |
| AQI: 1.02 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.05 (Revenue 65.2b / 61.9b) |
| TATA: -0.05 (NI 4.48b - CFO 8.40b) / TA 84.4b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of June 01, 2026, the stock is trading at USD 82.48 with a total of 5,525,188 shares traded.
Over the past week, the price has changed by +9.03%,
over one month by +21.63%,
over three months by +28.71% and
over the past year by +72.10%.
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 | 80.5 | -2.4% |
P/E Trailing = 11.9416
P/E Forward = 14.9477
P/S = 0.8245
P/B = 2.6375
P/EG = 39.2935
Revenue TTM = 65.2b USD
EBIT TTM = 6.58b USD
EBITDA TTM = 9.66b USD
Long Term Debt = 11.1b USD (from longTermDebt, last quarter)
Short Term Debt = 3.09b USD (from shortTermDebt, last quarter)
Debt = 20.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.13b
Net Debt = 15.2b USD (calculated: Debt 20.3b - CCE 5.05b)
Enterprise Value = 69.0b USD (53.7b + Debt 20.3b - CCE 5.05b)
Interest Coverage Ratio = 10.11 (Ebit TTM 6.58b / Interest Expense TTM 651.0m)
EV/FCF = 17.60x (Enterprise Value 69.0b / FCF TTM 3.92b)
FCF Yield = 5.68% (FCF TTM 3.92b / Enterprise Value 69.0b)
FCF Margin = 6.01% (FCF TTM 3.92b / Revenue TTM 65.2b)
Net Margin = 6.87% (Net Income TTM 4.48b / Revenue TTM 65.2b)
Gross Margin = 26.19% ((Revenue TTM 65.2b - Cost of Revenue TTM 48.1b) / Revenue TTM)
Gross Margin QoQ = 28.63% (prev 22.36%)
Tobins Q-Ratio = 0.82 (Enterprise Value 69.0b / Total Assets 84.4b)
Interest Expense / Debt = 3.21% (Interest Expense 651.0m / Debt 20.3b)
Taxrate = 19.08% (1.18b / 6.18b)
NOPAT = 5.33b (EBIT 6.58b * (1 - 19.08%))
Current Ratio = 0.42 (Total Current Assets 13.7b / Total Current Liabilities 32.7b)
Debt / Equity = 1.00 (Debt 20.3b / totalStockholderEquity, last quarter 20.4b)
Debt / EBITDA = 1.58 (Net Debt 15.2b / EBITDA 9.66b)
Debt / FCF = 3.89 (Net Debt 15.2b / FCF TTM 3.92b)
Total Stockholder Equity = 19.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.53% (Net Income 4.48b / Total Assets 84.4b)
RoE = 23.14% (Net Income TTM 4.48b / Total Stockholder Equity 19.3b)
RoCE = 21.64% (EBIT 6.58b / Capital Employed (Equity 19.3b + L.T.Debt 11.1b))
RoIC = 9.72% (NOPAT 5.33b / Invested Capital 54.8b)
WACC = 9.15% (E(53.7b)/V(74.0b) * Re(11.63%) + D(20.3b)/V(74.0b) * Rd(3.21%) * (1-Tc(0.19)))
Discount Rate = 11.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.77 | Cagr: 0.55%
[DCF] Terminal Value 75.41% ; FCFF base≈3.48b ; Y1≈3.99b ; Y5≈5.87b
[DCF] Fair Price = 94.65 (EV 77.4b - Net Debt 15.2b = Equity 62.2b / Shares 657.0m; r=9.15% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -56.05 | EPS CAGR: -3.58% | SUE: -4.0 | # QB: -1
Revenue Correlation: 98.30 | Revenue CAGR: 5.08% | SUE: 2.54 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.46 | Chg30d=+0.31% | Revisions=-43% | Analysts=17
EPS next Quarter (2026-09-30): EPS=1.62 | Chg30d=-1.12% | Revisions=-14% | Analysts=17
EPS current Year (2026-12-31): EPS=5.51 | Chg30d=-0.25% | Revisions=+14% | GrowthEPS=-5.3% | GrowthRev=+10.3%
EPS next Year (2027-12-31): EPS=8.01 | Chg30d=-2.05% | Revisions=+14% | GrowthEPS=+70.6% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -43%