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Delta Air Lines DAL Air traffic liability — Operating revenue

Other product segments

Refinery
$2.09B+83.3%
Loyalty and related
$1.34B+19.3%
MRO
$315M+31.8%
Miscellaneous
$106M+71.0%

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$4.01B+11.3%
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Other financials

Income statement

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Revenue$19.8B+18.7%
Operating income$1.9B-11.3%
Net income$1.6B-24.7%
EPS (diluted)$2.44-25.4%

Balance sheet

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Cash & equivalents$4.8B+35.3%
Total debt$18.9B-8.1%
Total equity$21.8B+25.1%
Total assets$86.3B+10.1%

Cash flow

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Operating cash flow$1.6B-14.1%

Valuation

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Market cap$58.26B+67.7%
Enterprise value$72.42B+25.8%
P/E14.8×+7.0×
P/S0.9×+0.3×

Profitability

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Operating margin8.1%-1.3pp
Net margin5.8%-1.5pp

Returns & leverage

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Return on equity20.1%-9.9pp
Debt / equity-0.4×
Current ratio0.4×0.0×

Where this comes from

Reported directly by Delta Air Lines in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Delta Air Lines’s 10-Q, filed July 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Delta Air Lines's air traffic liability — operating revenue?
Delta Air Lines (DAL) reported air traffic liability — operating revenue of $13.77B in Q2 2026.
How has Delta Air Lines's air traffic liability — operating revenue changed year-over-year?
Delta Air Lines's air traffic liability — operating revenue increased by 12.5% year-over-year, from $12.25B to $13.77B.
What is the long-term trend for Delta Air Lines's air traffic liability — operating revenue?
Over 4 years (2021 to 2025), Delta Air Lines's air traffic liability — operating revenue has grown at a 23.8% compound annual growth rate (CAGR), from $19.34B to $45.49B.
What does air traffic liability — operating revenue mean?
This metric captures the total revenue recognized from passenger air travel services provided during a specific reporting period. It reflects the core income generated by the airline's primary business of transporting passengers across its network. This figure is realized once the flight service is completed and the performance obligation is satisfied.