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Delta Air Lines DAL Net debt / EBITDA

Net debt / EBITDA at other companies

Southwest Airlines logo
Southwest AirlinesLUV
1.2×+0.2×
United Airlines Holdings logo
United Airlines HoldingsUAL
2.8×+0.1×
Alaska Air Group logo
Alaska Air GroupALK
5.8×+1.4×
SkyWest logo
SkyWestSKYW
2.4×-0.2×
JetBlue Airways logo
JetBlue AirwaysJBLU
55.9×+39.8×
ALG
Allegiant TravelALGT
-6.1×

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$57.5B+67.7%
Enterprise value$71.67B+25.8%
P/E14.6×+6.9×
P/S0.8×+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

Calculated from Delta Air Lines’s reported figures.

Based on the most recent quarter.

The source filing: Delta Air Lines’s 10-Q, filed April 8, 2026. Open the filing →

Filed
Apr 8, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000027904-26-000022

FAQ

What is Delta Air Lines's net debt / EBITDA?
Delta Air Lines (DAL) reported net debt / EBITDA of 1.7× in Q1 2026.
How has Delta Air Lines's net debt / EBITDA changed year-over-year?
Delta Air Lines's net debt / EBITDA decreased by 17.5% year-over-year, from 2.1× to 1.7×.
What is the long-term trend for Delta Air Lines's net debt / EBITDA?
Over 4 years (2021 to 2025), Delta Air Lines's net debt / EBITDA has grown at a -27.0% compound annual growth rate (CAGR), from 6.7× to 1.9×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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