Products & Services · Operating revenue

Loyalty travel awards — Operating revenue

Delta Air Lines Loyalty travel awards — Operating revenue decreased by 6.2% to $1.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $940.00M to $1.03B. Over 4 years (FY 2021 to FY 2025), Loyalty travel awards — Operating revenue shows an upward trend with a 24.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026
Rolls up toTotal Revenue

How to read this metric

An increase suggests higher member engagement and a stronger loyalty ecosystem, while a decrease may indicate lower program utilization or shifts in redemption behavior.

Detailed definition

This metric represents the portion of total operating revenue attributed to the redemption of loyalty program miles or p...

Peer comparison

Comparable to 'Loyalty Program Redemption Revenue' or 'Frequent Flyer Award Revenue' reported by other major global carriers with integrated loyalty programs.

Metric ID: dal_segment_loyalty_travel_awards_operating_revenue

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$428.00M$544.00M$573.00M$543.00M$744.00M$786.00M$825.00M$743.00M$902.00M$902.00M$915.00M$844.00M$975.00M$978.00M$1.04B$940.00M$1.09B$1.11B$1.10B$1.03B
QoQ Change+27.1%+5.3%-5.2%+37.0%+5.6%+5.0%-9.9%+21.4%+0.0%+1.4%-7.8%+15.5%+0.3%+6.7%-10.0%+16.2%+1.5%-1.0%-6.2%
YoY Change+73.8%+44.5%+44.0%+36.8%+21.2%+14.8%+10.9%+13.6%+8.1%+8.4%+14.1%+11.4%+12.0%+13.3%+5.1%+9.5%
Range$428.00M$1.11B
CAGR+20.3%
Avg YoY Growth+21.3%
Median YoY Growth+13.4%
Current Streak2 quarters decline

Frequently Asked Questions

What is Delta Air Lines's loyalty travel awards — operating revenue?
Delta Air Lines (DAL) reported loyalty travel awards — operating revenue of $1.03B in Q1 2026.
How has Delta Air Lines's loyalty travel awards — operating revenue changed year-over-year?
Delta Air Lines's loyalty travel awards — operating revenue increased by 9.5% year-over-year, from $940.00M to $1.03B.
What is the long-term trend for Delta Air Lines's loyalty travel awards — operating revenue?
Over 4 years (2021 to 2025), Delta Air Lines's loyalty travel awards — operating revenue has grown at a 24.1% compound annual growth rate (CAGR), from $1.79B to $4.24B.
What does loyalty travel awards — operating revenue mean?
Revenue generated from air travel bookings made by customers using loyalty program miles or points.