(DAL) Delta Air Lines - Overview

Sector: Industrials | Industry: Airlines | Exchange: NYSE (USA) | Market Cap: 47.008m USD | Total Return: 38.8% in 12m

Passenger Transport, Air Cargo, Aircraft Maintenance, Vacation Packages
Total Rating 63
Safety 56
Buy Signal -0.23
Airlines
Industry Rotation: -0.2
Market Cap: 47.0B
Avg Turnover: 518M
Risk 3d forecast
Volatility35.0%
VaR 5th Pctl5.69%
VaR vs Median-1.18%
Reward TTM
Sharpe Ratio0.96
Rel. Str. IBD67.1
Rel. Str. Peer Group97.4
Character TTM
Beta1.596
Beta Downside1.851
Hurst Exponent0.510
Drawdowns 3y
Max DD47.92%
CAGR/Max DD0.57
CAGR/Mean DD2.01
EPS (Earnings per Share) EPS (Earnings per Share) of DAL over the last years for every Quarter: "2021-03": -3.55, "2021-06": -1.07, "2021-09": 0.3, "2021-12": 0.22, "2022-03": -1.23, "2022-06": 1.44, "2022-09": 1.51, "2022-12": 1.48, "2023-03": 0.25, "2023-06": 2.68, "2023-09": 2.03, "2023-12": 1.28, "2024-03": 0.45, "2024-06": 2.36, "2024-09": 1.5, "2024-12": 1.85, "2025-03": 0.46, "2025-06": 2.1, "2025-09": 1.71, "2025-12": 1.55, "2026-03": 0.64,
EPS CAGR: -19.45%
EPS Trend: -1.8%
Last SUE: 1.00
Qual. Beats: 0
Revenue Revenue of DAL over the last years for every Quarter: 2021-03: 4150, 2021-06: 7126, 2021-09: 9154, 2021-12: 9470, 2022-03: 9348, 2022-06: 13824, 2022-09: 13975, 2022-12: 13435, 2023-03: 12759, 2023-06: 15578, 2023-09: 15488, 2023-12: 14223, 2024-03: 13748, 2024-06: 16658, 2024-09: 15677, 2024-12: 15559, 2025-03: 14040, 2025-06: 16648, 2025-09: 16673, 2025-12: 16003, 2026-03: 15854,
Rev. CAGR: 3.72%
Rev. Trend: 68.2%
Last SUE: 2.54
Qual. Beats: 1

Warnings

Altman Z'' -0.29 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: DAL Delta Air Lines

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 6.5
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 (9.11b) to EBITDA (9.66b): 0.94 < 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)
Altman Z'' -0.29
A: -0.23 (Total Current Assets 13.66b - Total Current Liabilities 32.70b) / Total Assets 84.43b
B: 0.15 (Retained Earnings 12.93b / Total Assets 84.43b)
C: 0.08 (EBIT TTM 6.58b / Avg Total Assets 80.89b)
D: 0.14 (Book Value of Equity 8.83b / Total Liabilities 64.06b)
Altman-Z'' Score: -0.29 = B
Beneish M -2.94
DSRI: 1.06 (Receivables 4.09b/3.65b, Revenue 65.18b/61.93b)
GMI: 1.03 (GM 26.19% / 27.00%)
AQI: 1.02 (AQ_t 0.28 / AQ_t-1 0.28)
SGI: 1.05 (Revenue 65.18b / 61.93b)
TATA: -0.05 (NI 4.48b - CFO 8.40b) / TA 84.43b)
Beneish M-Score: -2.94 (Cap -4..+1) = A
What is the price of DAL shares? As of May 18, 2026, the stock is trading at USD 70.23 with a total of 7,198,527 shares traded.
Over the past week, the price has changed by -3.97%, over one month by -1.82%, over three months by -0.34% and over the past year by +38.84%.
Is DAL a buy, sell or hold? 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
What are the forecasts/targets for the DAL price?
Analysts Target Price 80.1 14%
Delta Air Lines (DAL) - Fundamental Data Overview as of 16 May 2026
P/E Trailing = 10.4453
P/E Forward = 12.987
P/S = 0.7212
P/B = 2.3644
P/EG = 39.2935
Revenue TTM = 65.18b USD
EBIT TTM = 6.58b USD
EBITDA TTM = 9.66b USD
Long Term Debt = 11.08b USD (from longTermDebt, last quarter)
Short Term Debt = 3.09b USD (from shortTermDebt, last quarter)
Debt = 14.16b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.11b USD (from netDebt column, last quarter)
Enterprise Value = 56.12b USD (47.01b + Debt 14.16b - CCE 5.05b)
Interest Coverage Ratio = 10.11 (Ebit TTM 6.58b / Interest Expense TTM 651.0m)
EV/FCF = 14.32x (Enterprise Value 56.12b / FCF TTM 3.92b)
FCF Yield = 6.98% (FCF TTM 3.92b / Enterprise Value 56.12b)
FCF Margin = 6.01% (FCF TTM 3.92b / Revenue TTM 65.18b)
Net Margin = 6.87% (Net Income TTM 4.48b / Revenue TTM 65.18b)
Gross Margin = 26.19% ((Revenue TTM 65.18b - Cost of Revenue TTM 48.11b) / Revenue TTM)
Gross Margin QoQ = 28.63% (prev 22.36%)
Tobins Q-Ratio = 0.66 (Enterprise Value 56.12b / Total Assets 84.43b)
Interest Expense / Debt = 1.07% (Interest Expense 151.0m / Debt 14.16b)
Taxrate = 19.08% (1.18b / 6.18b)
NOPAT = 5.33b (EBIT 6.58b * (1 - 19.08%))
Current Ratio = 0.42 (Total Current Assets 13.66b / Total Current Liabilities 32.70b)
Debt / Equity = 0.70 (Debt 14.16b / totalStockholderEquity, last quarter 20.38b)
Debt / EBITDA = 0.94 (Net Debt 9.11b / EBITDA 9.66b)
Debt / FCF = 2.32 (Net Debt 9.11b / FCF TTM 3.92b)
Total Stockholder Equity = 19.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.53% (Net Income 4.48b / Total Assets 84.43b)
RoE = 23.14% (Net Income TTM 4.48b / Total Stockholder Equity 19.35b)
RoCE = 21.64% (EBIT 6.58b / Capital Employed (Equity 19.35b + L.T.Debt 11.08b))
RoIC = 15.78% (NOPAT 5.33b / Invested Capital 33.75b)
WACC = 9.11% (E(47.01b)/V(61.17b) * Re(11.59%) + D(14.16b)/V(61.17b) * Rd(1.07%) * (1-Tc(0.19)))
Discount Rate = 11.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.77 | Cagr: 0.55%
[DCF] Terminal Value 78.07% ; FCFF base≈3.48b ; Y1≈4.29b ; Y5≈7.33b
[DCF] Fair Price = 142.0 (EV 102.39b - Net Debt 9.11b = Equity 93.28b / Shares 657.0m; r=9.11% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -1.79 | EPS CAGR: -19.45% | SUE: 1.00 | # QB: 0
Revenue Correlation: 68.16 | Revenue CAGR: 3.72% | SUE: 2.54 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.45 | Chg30d=-1.92% | Revisions=-70% | Analysts=18
EPS next Quarter (2026-09-30): EPS=1.63 | Chg30d=-0.53% | Revisions=-29% | Analysts=18
EPS current Year (2026-12-31): EPS=5.46 | Chg30d=-1.22% | Revisions=-62% | GrowthEPS=-6.2% | GrowthRev=+10.6%
EPS next Year (2027-12-31): EPS=8.01 | Chg30d=-2.05% | Revisions=-14% | GrowthEPS=+70.6% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -70%