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Delta Air Lines DAL Refinery — Refinery cost of goods sold

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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:CostOfGoodsAndServicesSold.

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 — refinery cost of goods sold?
Delta Air Lines (DAL) reported refinery — refinery cost of goods sold of $1.92B in Q1 2026.
How has Delta Air Lines's refinery — refinery cost of goods sold changed year-over-year?
Delta Air Lines's refinery — refinery cost of goods sold increased by 23.1% year-over-year, from $1.56B to $1.92B.
What is the long-term trend for Delta Air Lines's refinery — refinery cost of goods sold?
Over 3 years (2022 to 2025), Delta Air Lines's refinery — refinery cost of goods sold has grown at a -12.8% compound annual growth rate (CAGR), from $9.44B to $6.26B.
What does refinery — refinery cost of goods sold mean?
This represents the direct costs associated with the production and processing of fuel within the company's internal refinery operations. It includes raw material inputs, labor, and overhead directly attributable to the manufacturing of refined petroleum products used for aviation or external sale.