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Delta Air Lines DAL Operating margin

Operating margin at other companies

Southwest Airlines logo
Southwest AirlinesLUV
3.5%+2.3pp
United Airlines Holdings logo
United Airlines HoldingsUAL
7.7%-0.9pp
Alaska Air Group logo
Alaska Air GroupALK
-1.5%-5.2pp
SkyWest logo
SkyWestSKYW
14%-1.2pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-5.9%-15.3pp
ALG
Allegiant TravelALGT
2%+1.1pp

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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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 trailing twelve months.

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

Filed
Jul 10, 2026, 6:30 AM EDT
Accession
0000027904-26-000029

FAQ

What is Delta Air Lines's operating margin?
Delta Air Lines (DAL) reported operating margin of 8.1% in Q2 2026.
How has Delta Air Lines's operating margin changed year-over-year?
Delta Air Lines's operating margin decreased by 13.5% year-over-year, from 9.3% to 8.1%.
What is the long-term trend for Delta Air Lines's operating margin?
Over 5 years (2020 to 2025), Delta Air Lines's operating margin has grown at a -33.9% compound annual growth rate (CAGR), from -72.9% to 9.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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