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Delta Air Lines DAL Refinery — CapEx

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Airline
$1.18B-0.3%

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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:PaymentsToAcquireProductiveAssets.

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 refinery — capex?
Delta Air Lines (DAL) reported refinery — capex of $17M in Q1 2026.
How has Delta Air Lines's refinery — capex changed year-over-year?
Delta Air Lines's refinery — capex decreased by 54.1% year-over-year, from $37M to $17M.
What is the long-term trend for Delta Air Lines's refinery — capex?
Over 4 years (2021 to 2025), Delta Air Lines's refinery — capex has grown at a 4.1% compound annual growth rate (CAGR), from $58M to $68M.
What does refinery — capex mean?
This measures the cash spent by the refinery segment to acquire, upgrade, or maintain physical assets such as machinery, buildings, and technology. It reflects the company's commitment to long-term growth and operational maintenance within the segment.