Delta Air Lines, Inc. (DAL) Stock: Price, Forecast & Analyst Target
Delta Air Lines, Inc. (DAL) — MoonshotScore 72/100 (Strong band), calculated Oct 5, 2026. Price $84.09 (-0.05%), as of the Oct 2, 2026 trading session; market cap $55.3B. Expected results Oct 8, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 11.85× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Oct 8, 2026
Delta Air Lines, Inc. · DAL · NYSE · Industrials · Airlines, Airports & Air Services
Research dated 2026-09-12: Delta Air Lines sells scheduled passenger and cargo transportation through a hub-based domestic and international network, alongside refinery output, maintenance services and vacation packages. Revenue momentum has returned, but the case depends on whether capacity discipline and operating leverage can sustain stronger margins while the airline funds aircraft investment and carries substantial debt.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Delta Air Lines (DAL)
StrongWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Durable growth, at a cheap price, though the balance sheet is only middling; the market is already moving on it. Business Quality: Solid; Financial Safety: Okay; Valuation: Cheap; Growth Durability: Growing; Momentum: Rising.
- quarterly revenue $19.76B (Q2 FY2026, quarter ended Jun 2026)
- EPS beat 7 of 8
- expected results Oct 8, 2026
Helping: an attractive price, durable growth, positive momentum
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 72 | Strong | |
| 72 | Strong | |
| 72 | Strong | |
| 72 | Strong | |
| 72 | Strong | |
| 72 | Strong |
The score was 72 in the stored Oct 4, 2026 snapshot and remains 72 in the current publication computed Oct 5, 2026 (0). This current publication is not yet represented in the immutable snapshot archive.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $84.09 | |
| Change on the day | -0.05% | |
| 52-week range | $55.03 – $95.68 | |
| Market capitalisation | $55.3B | |
| Price / earnings (trailing) | 13.83 | |
| Shares traded on the day | 8.14M | |
| Beta (volatility vs the S&P 500) | 1.29 | |
| Dividends per share (last 12 months) | $0.78 | |
| Dividend yield (last 12 months) | 0.92% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
With continued revenue momentum, measured capacity, and a more stable fuel environment, we expect to return to earnings growth on double digit operating margins in the second half of this year.
Edward H. Bastian · Statement from
Combined with our mid teens revenue growth outlook, we expect a Q3 operating margin of 11% to 13% and earnings per share of $2.20 to $2.50 up meaningfully from $1.70 last year.
Erik Storey Snell · Statement from
Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Delta Air Lines (DAL): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
3 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Oct 3, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 9, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the DAL film — every key number, told as a short cinematic story
~2 min · open the film
What is Delta Air Lines (DAL), and what does it report?
Short answer · as of
Passenger and cargo journeys are Delta’s core unit of demand: traffic, fares, route mix and capacity determine how much the airline network earns.
Research dated 2026-09-12.
Passenger and cargo journeys are Delta’s core unit of demand: traffic, fares, route mix and capacity determine how much the airline network earns. Its hubs connect interior, coastal and international markets, while maintenance and vacation offerings extend the commercial relationship beyond the flight itself.
Delta is not solely an airline operator. It also reports refinery revenue, although the airline segment remains far larger, so consolidated sales include energy operations as well as transportation and related services.
What do the latest results show for Delta Air Lines (DAL)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $19.76B.
Research dated 2026-09-12.
The latest quarter reversed the preceding loss: revenue, gross profit, operating profit and net income all strengthened sharply. Reported earnings also exceeded the market estimate, continuing a generally favorable run against expectations.
Management linked margin progress to revenue growth and volume leverage. Its outlook pairs continued revenue momentum with measured capacity and a steadier fuel environment, with renewed earnings growth and further margin expansion as the intended result.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $19.76B Jun 30, 2026
- Latest quarter · SG&A
- $726.00M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $1.86B Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $19.76B | Not available | $726.00M | $1.86B |
| Mar 31, 2026 | $15.85B | Not available | $590.00M | $501.00M |
| Dec 31, 2025 | $16.00B | Not available | $616.00M | $1.47B |
| Sep 30, 2025 | $16.67B | Not available | $1.04B | $1.68B |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $19.76B Jul 9, 2026
- Latest report · revenue estimate
- $17.43B Jul 9, 2026
- Latest report · revenue vs estimate
- Above estimate Jul 9, 2026
- Latest report · EPS vs estimate
- Above estimate Jul 9, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Jul 9, 2026 | $19.76B | $17.43B | $1.5600 | $1.4900 |
| Apr 8, 2026 | $14.20B | $14.05B | $0.6400 | $0.5800 |
| Jan 13, 2026 | $14.61B | $14.68B | $1.5500 | $1.5300 |
| Oct 9, 2025 | $16.67B | $15.09B | $1.7100 | $1.5700 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $19.76B | $1.60B | $2.44 (diluted) |
| Q1 FY2026 | $15.85B | -$289M | -$0.44 (diluted) |
| Q4 FY2025 | $16.00B | $1.22B | $1.86 (diluted) |
| Q3 FY2025 | $16.67B | $1.42B | $2.17 (diluted) |
What are the financial strengths and risks for Delta Air Lines (DAL)?
Short answer
Cash and short-term investments were $4.67B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $1.59B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Operating cash flow remained positive throughout the reported quarterly series, and the cash balance stands above much of its recent history. Annual revenue has continued to advance, while annual profit has been less consistent, showing that added sales do not translate mechanically into stable earnings.
Capital spending absorbs a meaningful portion of operating cash generation, and debt substantially exceeds cash and investments. Weak short-term liquidity ratios, a cautionary distress screen and the large liability base leave less room for an operating setback, even as the quality screen remains strong.
Delta is especially exposed when revenue momentum, capacity discipline or fuel stability deteriorates at the same time. That combination would pressure margins while fleet investment and financing obligations continue.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $1.59B Jun 30, 2026
- Previous quarter · operating cash flow
- $2.43B Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $1.59B | Provider sign conflict |
| Mar 31, 2026 | $2.43B | −$1.20B |
| Dec 31, 2025 | $2.26B | −$907.00M |
| Sep 30, 2025 | $1.85B | −$1.16B |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Delta Air Lines (DAL)?
Short answer · as of
The next earnings report is expected on Oct 8, 2026.
Research dated 2026-09-12.
Watch whether the next release preserves revenue growth while converting it into operating profit and positive net income. The comparison matters because the latest quarter produced a strong rebound from the prior loss, and management is explicitly relying on volume leverage and measured capacity to extend that recovery.
Cash conversion deserves equal attention: operating cash flow must keep outrunning the demands of fleet spending if Delta is to improve financial flexibility. Changes in cash, investments and debt will show whether better earnings are strengthening the balance sheet or merely supporting ongoing capital needs.
Longer-range market estimates assume continuing revenue and earnings expansion, but the spread among revenue forecasts widens further out. Nearer-term execution on margins and cash generation therefore carries more information than distant consensus figures.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
With continued revenue momentum, measured capacity, and a more stable fuel environment, we expect to return to earnings growth on double digit operating margins in the second half of this year.
Edward H. Bastian ·
Combined with our mid teens revenue growth outlook, we expect a Q3 operating margin of 11% to 13% and earnings per share of $2.20 to $2.50 up meaningfully from $1.70 last year.
Erik Storey Snell ·
We expect to expand a couple hundred basis points a year The first half of this year was better than that We got a lot of volume leverage given the revenue growth that we expected.
Erik Storey Snell ·
How does Delta Air Lines compare with its peers?
Short answer
Delta Air Lines's score ranks 11th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
Delta combines a broad hub network with a refinery segment, aircraft maintenance capabilities and vacation packages. That mix differs from an airline whose reported revenue is almost entirely passenger and cargo transportation, although Delta’s airline segment still supplies the great majority of sales.
Its comparison with other carriers should therefore focus on network productivity, capacity discipline, margin conversion and capital intensity rather than consolidated revenue alone. Refinery sales enlarge the top line without changing the central economic test: whether the flight network generates durable profit and cash after heavy reinvestment.
| Company | Price | Market value | Score |
|---|---|---|---|
| $1280.30 Oct 2, 2026 | $60.5B | 92 5-pillar Oct 5, 2026 | |
| $94.19 Oct 2, 2026 | $4.55B | 90 5-pillar Oct 5, 2026 | |
| $132.48 Oct 2, 2026 | $5.46B | 82 5-pillar Oct 5, 2026 | |
| $251.93 Oct 2, 2026 | $57.7B | 80 5-pillar Oct 5, 2026 | |
| $454.35 Oct 2, 2026 | $50.6B | 79 5-pillar Oct 5, 2026 | |
| $55.05 Oct 2, 2026 | $28.6B | 78 5-pillar Oct 5, 2026 | |
| $42.47 Oct 2, 2026 | $20.8B | 75 5-pillar Oct 5, 2026 | |
| $302.45 Oct 2, 2026 | $42.1B | 74 5-pillar Oct 5, 2026 | |
| $47.92 Oct 2, 2026 | $13.8B | 73 5-pillar Oct 5, 2026 | |
| $234.41 Oct 2, 2026 | $7.03B | 73 5-pillar Oct 5, 2026 | |
| Delta Air Lines (DAL) — this page | $84.09 | $55.3B | 72 |
| $112.51 Oct 2, 2026 | $36.5B | 71 5-pillar Oct 5, 2026 | |
| $206.77 Oct 5, 2026 | $10.7B | 70 5-pillar Oct 5, 2026 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $85.00 – $125.00
- Consensus target
- $104.57
- Median target
- $105.00
Consensus record · Captured .
Measured against a quoted price of $84.09 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Aug 5, 2026
- Transactions
- 43
- Identified insiders
- 19
- Purchases
- 0
- Sales
- 14
- Other transactions
- 29
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 89.4% Period end Jun 30, 2026
- Previous quarter · ownership
- 89.1% Prior to period end Jun 30, 2026
- Reporting holders
- 1,605 Period end Jun 30, 2026
- Previous quarter · holders
- 1,435 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Berkshire Hathaway INC | 57,320,000 |
| Blackrock, INC. | 45,106,139 |
| Vanguard Capital Management LLC | 41,307,000 |
| Fmr LLC | 33,187,319 |
| Sanders Capital, LLC | 29,129,629 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
Delta Air Lines Industrials Stock: Key Questions Answered
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
What does Delta’s refinery segment add to the airline business?
The refinery contributes a meaningful but clearly smaller revenue stream beside the airline segment. It makes consolidated sales broader than passenger and cargo transportation alone, so top-line comparisons with carriers lacking a refinery require care.
Why do Delta’s Atlanta and coastal hubs matter to its business model?
Atlanta anchors Delta’s domestic network, while its coastal hubs connect major domestic markets with international routes. The network is designed to gather traffic across hubs rather than depend on isolated city pairs.
Can Delta fund fleet investment while carrying substantial debt?
Operating cash flow has remained positive, but capital spending consumes a sizable share of it and debt stands well above cash and investments. Continued margin improvement and cash conversion are therefore important to preserving financial flexibility.
What would confirm Delta’s promised margin recovery?
Confirmation would come from sustained revenue momentum, disciplined capacity, stronger operating margins and positive cash generation after capital spending. A reversal in revenue growth or weaker margin conversion would challenge management’s operating-leverage case.
What is the DAL stock price today?
The last price recorded on this page for Delta Air Lines, Inc. (DAL) is $84.09, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the DAL price target?
The analyst consensus price target for Delta Air Lines, Inc. (DAL) is $104.57 (range $85.00 to $125.00, median $105.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
When are DAL's next earnings?
The next earnings date listed on this page for Delta Air Lines, Inc. (DAL) is Oct 8, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (79 figures)
The 79 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Edward H. Bastian (Jul 10, 2026): With continued revenue momentum, measured capacity, and a more stable fuel environment, we expect to return to earnings growth on double digit operating margins in the second half of this year. Erik Storey Snell (Jul 10, 2026): Combined with our mid teens revenue growth outlook, we expect a Q3 operating margin of 11% to 13% and earnings per share of $2.20 to $2.50 up meaningfully from $1.70 last year. Erik Storey Snell (Jul 10, 2026): We expect to expand a couple hundred basis points a year The first half of this year was better than that We got a lot of volume leverage given the revenue growth that we expected. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | Hartsfield-Jackson Atlanta Intl Airport, 1030 Delta Boulevard, Atlanta, GA, 30354-1989 | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "1030 Delta Boulevard, Atlanta, GA, 30354-1989, US". |
FMP — 67 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
px.last | Latest provided price | $84.09 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T00:24:35.210Z. | |
px.change | Change on the day | -0.05% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $55.3B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-05T00:24:33.554Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$0.04 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $19.76B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.pe | Price / earnings (trailing) | 13.83 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 8.14M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.29 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Edward H. Bastian | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 103,000 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $29.90B, net result $280.00M; FY2022 revenue $50.58B, net result $1.32B; FY2023 revenue $58.05B, net result $4.61B; FY2024 revenue $61.64B, net result $3.46B; FY2025 revenue $63.36B, net result $5.00B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Airline $58.29B · Refinery $6.96B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 27.3% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $19.76B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $726.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $1.86B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $15.85B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $590.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $501.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $16.00B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $616.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $1.47B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $16.67B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $1.04B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $1.68B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-07-09.revenue_actual | Revenue · reported — report date 2026-07-09 | $19.76B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-09.revenue_estimated | Revenue · estimate — report date 2026-07-09 | $17.43B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-09.eps_actual | EPS · reported — report date 2026-07-09 | $1.5600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-09.eps_estimated | EPS · estimate — report date 2026-07-09 | $1.4900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-08.revenue_actual | Revenue · reported — report date 2026-04-08 | $14.20B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-08.revenue_estimated | Revenue · estimate — report date 2026-04-08 | $14.05B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-08.eps_actual | EPS · reported — report date 2026-04-08 | $0.6400 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-08.eps_estimated | EPS · estimate — report date 2026-04-08 | $0.5800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-13.revenue_actual | Revenue · reported — report date 2026-01-13 | $14.61B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-13.revenue_estimated | Revenue · estimate — report date 2026-01-13 | $14.68B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-13.eps_actual | EPS · reported — report date 2026-01-13 | $1.5500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-13.eps_estimated | EPS · estimate — report date 2026-01-13 | $1.5300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-09.revenue_actual | Revenue · reported — report date 2025-10-09 | $16.67B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-09.revenue_estimated | Revenue · estimate — report date 2025-10-09 | $15.09B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-09.eps_actual | EPS · reported — report date 2025-10-09 | $1.7100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-09.eps_estimated | EPS · estimate — report date 2025-10-09 | $1.5700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $4.67B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $1.59B | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $4.04B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $19.98B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 2.52× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $1.59B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $2.43B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$1.20B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $2.26B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$907.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $1.85B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$1.16B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $85.00 – $125.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $104.57 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $105.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 43 transactions · 0 purchases, 14 sales, 29 other transactions · 19 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Aug 5, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 89.4% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 89.1% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 1,605 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 1,435 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Berkshire Hathaway INC — shares in provider snapshot | 57,320,000 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Blackrock, INC. — shares in provider snapshot | 45,106,139 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Capital Management LLC — shares in provider snapshot | 41,307,000 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Fmr LLC — shares in provider snapshot | 33,187,319 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Sanders Capital, LLC — shares in provider snapshot | 29,129,629 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 3 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Oct 8, 2026 | UNRECORDED | Stored earnings-calendar observation — Captured 2026-07-16 | |
earn.history | Reported versus estimated, recent quarters | EPS beat 7 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-03 · Expired observation | |
px.range52 | 52-week range | $55.03 – $95.68 | UNRECORDED | Stored company-profile observation — Captured 2026-10-03 |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 11.85× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $4.67B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $0.78 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 0.92% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-07-09.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($19.76B) with the recorded estimate ($17.43B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-07-09.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.5600) with the recorded estimate ($1.4900) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 72 of 100 · Strong · pillars 66 / 45 / 87 / 75 / 77 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 72 (stored snapshot Oct 4, 2026) → 72 (current publication computed Oct 5, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-07-09. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-07-09.revenue_actual,earn.history.depth.2026-07-09.revenue_estimated,earn.history.depth.2026-07-09.revenue_actual.comparison,earn.history.depth.2026-07-09.eps_actual.comparison,earn.history.depth.2026-07-09.eps_actual,earn.history.depth.2026-07-09.eps_estimated,earn.history.depth.2026-04-08.revenue_actual,earn.history.depth.2026-04-08.revenue_estimated,earn.history.depth.2026-04-08.eps_actual,earn.history.depth.2026-04-08.eps_estimated,earn.history.depth.2026-01-13.revenue_actual,earn.history.depth.2026-01-13.revenue_estimated,earn.history.depth.2026-01-13.eps_actual,earn.history.depth.2026-01-13.eps_estimated,earn.history.depth.2025-10-09.revenue_actual,earn.history.depth.2025-10-09.revenue_estimated,earn.history.depth.2025-10-09.eps_actual,earn.history.depth.2025-10-09.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | DELTA AIR LINES, INC. Our market-data provider lists the name as "Delta Air Lines, Inc."; the filer's own record is used here. | 2026-02-11 | OFFICIAL | SEC EDGAR — 10-K filed 2026-02-11 |
| Business description | Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages. The company operates through a fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Airline: $58.29B; Refinery: $6.96B | 2025-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Cash, investments and debt | Total debt: $19.98B; Liquidity basis: cash and short-term investments; Total liabilities: $64.51B; Cash and short-term investments: $4.67B; Cash and investments: $8.71B; Long-term investments: $4.04B; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Management outlook — dated call excerpts | Captured record · 3 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-07-10 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Sector / industry (provider taxonomy) | Industrials / Airlines, Airports & Air Services The company's SEC filings classify it under SIC 4512 — Air Transportation, Scheduled. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-07-09 | FMP | Financial Modeling Prep (FMP) earnings |
| Recent SEC filings |
| 2026-07-10 | OFFICIAL | SEC EDGAR filer submissions |
| Most recent periodic reports | Annual: Document: https://www.sec.gov/Archives/edgar/data/27904/000002790426000013/dal-20251231.htm, Filed: 2026-02-11, Period end: 2025-12-31; Quarterly: Document: https://www.sec.gov/Archives/edgar/data/27904/000002790426000031/dal-20260630.htm, Filed: 2026-07-10, Period end: 2026-06-30 | 2026-07-10 | OFFICIAL | SEC EDGAR filer submissions |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $8.71B; Cash and short-term investments: $4.67B; Long-term investments: $4.04B; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$15.32B; Total debt: $19.98B; Cash and investments: $4.67B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Trailing twelve-month ratio set | Quick ratio: 0.35; Current ratio: 0.42; Debt to equity: 0.92; Net margin: 5.8%; Gross margin: 27.3%; Operating margin: 8.1%; Return on assets: 4.6%; Return on equity: 19.3% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Distress and quality screens | Altman Z-score: 1.44; Piotroski F-score: 8 Altman Z below 1.8 is the conventional distress zone. For a company holding large cash against negative retained earnings the score mostly reflects the retained-earnings term. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) financial scores |
| Next earnings report | Date: 2026-10-08; EPS estimate: $2.03 per share; Revenue estimate: $17.59B The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-12 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Headquarters | HARTSFIELD-JACKSON ATLANTA INTL AIRPORT, 1030 DELTA BOULEVARD, ATLANTA, GA, 30354-1989 Our market-data provider lists "1030 Delta Boulevard, Atlanta, GA, 30354-1989, US"; the address on file with the SEC is used here. | 2026-09-12 | OFFICIAL | SEC EDGAR filer business address |
Data provided for informational purposes only.
ETFs that hold DAL
Funds in our ETF coverage that list DAL among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| ALPS Global Travel Beneficiaries ETF (JRNY) | 3.61% | |
| iShares Focused Value Factor ETF (FOVL) | 2.69% |