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Delta Air Lines DAL Loyalty and related — Operating revenue

Other product segments

Refinery
$1.65B+55.7%
MRO
$380M+152%
Miscellaneous
$71M+24.6%

Similar metrics at other companies

Southwest Airlines logo
LUVLoyalty program — Total operating revenues
$557M+2.4%
Alaska Air Group logo
ALKLoyalty program passenger revenue — Total Operating Revenue
$347M+9.8%
Alaska Air Group logo
ALKLoyalty program other — Total Operating Revenue
$227M+9.7%
Southwest Airlines logo
LUVPassenger loyalty - air transportation — Total operating revenues
$688M-14.0%
Alaska Air Group logo
ALKLoyalty program other — Revenue recognized
-$51M-4.1%
Southwest Airlines logo
LUVPassenger non-loyalty — Total operating revenues
$5.19B+8.9%

Other financials

Income statement

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Revenue$15.9B+12.9%
Operating income$501.0M-12.0%
Net income-$289.0M-220%
EPS (diluted)-$0.44-219%

Balance sheet

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Cash & equivalents$5.2B+32.8%
Total debt$19.4B-10.0%
Total equity$20.4B+31.9%
Total assets$84.4B+9.2%

Cash flow

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Operating cash flow$2.4B+2.3%

Valuation

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Market cap$60.82B+87.9%
Enterprise value$74.95B+51.6%
P/E13.6×+6.4×
P/S0.9×+0.4×

Profitability

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Operating margin8.8%-0.8pp
Net margin6.9%+1.0pp

Returns & leverage

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Return on equity25%-2.5pp
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 April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Delta Air Lines's loyalty and related — operating revenue?
Delta Air Lines (DAL) reported loyalty and related — operating revenue of $1.22B in Q1 2026.
How has Delta Air Lines's loyalty and related — operating revenue changed year-over-year?
Delta Air Lines's loyalty and related — operating revenue increased by 12.8% year-over-year, from $1.08B to $1.22B.
What is the long-term trend for Delta Air Lines's loyalty and related — operating revenue?
Over 4 years (2021 to 2025), Delta Air Lines's loyalty and related — operating revenue has grown at a 19.7% compound annual growth rate (CAGR), from $1.77B to $3.64B.
What does loyalty and related — operating revenue mean?
This represents the total revenue generated specifically from the loyalty program segment, including sales of miles to credit card partners and other third-party entities. It reflects the financial performance of the loyalty program as a standalone business unit. This is a critical driver of high-margin revenue for the airline.