# Delta Air Lines share price today (Delta Air Lines, Inc., DAL)

> Delta Air Lines, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DAL · Industrials · Airlines · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/dal

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $83.28 (+45.1% in a year)
- P/E: 16.6× (higher than 79% of the last 4.6 years)
- Revenue (Sep 2026): $20.2 B (+21.1% on a year ago)
- Profit (Sep 2026): $756 M (−46.6% on a year ago)
- Operating margin: 7.2% (−2.7 points on a year ago)
- ROE: 24%, FY25
- ROIC: 10.2%, against a 9.4% cost of capital: +0.8 points

Biggest thing to watch: the P/E is higher than 79% of its own history, so the multiple has already done part of the work. ## What is the Delta Air Lines share price today? Delta Air Lines, Inc.'s share price was $83.28 at the close on 3 November 2026. It has been rising for 3 weeks. That is 8.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $58 and $93, and at that close it sat 72% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 11 weeks running. Over the last 10 years the share price moved +123% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Delta Air Lines pay? Delta Air Lines, Inc. paid $0.80 per share over the last four reported quarters. The most recent declaration was $0.21 for Sep 2026. At today's price of $83.28 that is a yield of 0.96%, based on dividends already paid, not a forecast. ## Which stock lists is Delta Air Lines on? Delta Air Lines is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is Delta Air Lines profitable? Delta Air Lines, Inc. earned $756 M of net profit in the Sep 2026 quarter, −46.6% on the same quarter a year earlier. Full-year FY25 profit was $5.0 B. Over 4 years profit has grown 105.6% a year on average. That is 3.7% of the quarter's revenue. The same quarter a year earlier earned $1.4 B. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $5.0 B (+44.8% on the year before). Why profit moved: revenue changed +21.1% on a year earlier and the margin moved −2.7 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −61.8% and revenue +13.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Delta Air Lines make, and is it growing? Delta Air Lines, Inc. reported $20.2 B of revenue in the Sep 2026 quarter, +21.1% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 20.7% a year on average. The last full year, FY25, came in at $63.4 B. The last four reported quarters add to $71.8 B. FY25 revenue was $63.4 B, +2.8% on the year before. Recent pace: the last four quarters grew +13.9% on average, against 20.7% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +14.1%, against +9.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −28.9%, against −15.9% a year (rolling over). ## How much of every $100 of sales does Delta Air Lines keep? Delta Air Lines, Inc.'s operating margin was 7.2% in the Sep 2026 quarter, 2.7 percentage points lower than the same quarter a year ago. Across 5 years it has been between −7.3% and 9.4%. The latest quarter is within that range. Why the margin moved: operating margin changed −2.7 percentage points on the year while gross margin changed −3.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Delta Air Lines' profit turning into cash? Over the last 3 years, 175% of Delta Air Lines, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $8.3 B of operating cash against $5.0 B of profit. After $4.5 B of spending on assets, $3.8 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Delta Air Lines' cash go? Delta Air Lines, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $15.0 B on assets over the last 3 years. Averaged over those years that is 7.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $15.0 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Delta Air Lines' P/E ratio, and how does it compare with its own history? Delta Air Lines, Inc.'s P/E is 16.6×, near the high end of its own history: higher than 79% of past readings. Its usual P/E (the middle reading) is 9.2×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +43.7% while the price moved +45.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +35.7% a year; about −1.8% a year came from earnings growth and about +37.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Delta Air Lines business getting better or worse? Delta Air Lines, Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −28.9% in the latest quarter, against +249.4% at its best in 12 quarters, with ROCE steady at 9.8%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Delta Air Lines earn on its capital? Delta Air Lines, Inc. earned a ROE of 24% in FY25. That is up from a low of 7% in FY21. Its return on capital used (ROIC) is 0.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.9% net margin and 0.78× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 7.9% net margin × 0.78× asset turnover × 3.90× leverage (assets divided by equity) ≈ 24.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.2% − 9.4% = +0.8 percentage points. The 9.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 10.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 12.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Delta Air Lines have too much debt? Delta Air Lines, Inc. has total debt of $19.9 B against shareholder equity of $22.5 B as of Sep 2026, so its debt is 0.89× its equity. Year by year, that ratio went from 9.20 in FY21 to 1.02 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Delta Air Lines shareholding pattern? 3.3% of Delta Air Lines, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 2.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Delta Air Lines from balance-sheet trouble? For Delta Air Lines, Inc., the Z-score is 1.44. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.44 is inside the danger zone, so the balance sheet is a real risk. ## How does Delta Air Lines rank in its industry? 60.1 out of 100, rank 3 of 16 in Airlines, with 85% of the evidence available. Delta Air Lines, Inc. scores 60.1 out of 100 against the 16 companies it is compared with in Airlines, ranking 3. Relative strength against the index is 6.2%, and revenue and profit growth are weak. The four parts add up to the total exactly: 15.4 + 12.9 + 13.9 + 17.9 = 60.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Delta Air Lines compared with? Delta Air Lines ranks 3 of 16 Airlines companies on the 4-Factor Sector Score, with 60.1 out of 100. 1. [Copa Holdings, S.A.](https://www.sectoralpha.in/us/stocks/cpa) CPA · quiet · Evidence leans up · 81% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 14.7% · Profit -1.9% · Operating margin change -12.3 points · 83% evidence Capital efficiency 16.5/25 · ROCE 14.2% · Operating margin 8.7% · 76% evidence Valuation 13.3/20 · P/E 10.2× · PEG 0.39 · 65% evidence Relative strength 17.3/20 · Lead over its industry 15.8% · Lead over S&P 500 -1.1% · 1 year 8.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.5 + 16.5 + 13.3 + 17.3 = 62.6 · What this means: Relative strength against the index is -1.1%, and revenue and profit growth are weak. 2. [Southwest Airlines Co.](https://www.sectoralpha.in/us/stocks/luv) LUV · quiet · Evidence leans up · 85% evidence 61.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 14.5% · Profit 100% · Operating margin change 4 points · 95% evidence Capital efficiency 10.1/25 · ROCE 8.2% · Operating margin 4.5% · 76% evidence Valuation 5.2/20 · P/E 19.3× · PEG 2.29 · 65% evidence Relative strength 15.8/20 · Lead over its industry 14.2% · Lead over S&P 500 -2.8% · 1 year 33.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 30.4 + 10.1 + 5.2 + 15.8 = 61.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Delta Air Lines, Inc. this page DAL · quiet · Evidence leans up · 85% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue 14.1% · Profit -28.9% · Operating margin change -2.7 points · 95% evidence Capital efficiency 12.9/25 · ROCE 9.7% · Operating margin 7.2% · 76% evidence Valuation 13.9/20 · P/E 16.6× · PEG 0.2 · 65% evidence Relative strength 17.9/20 · Lead over its industry 23.8% · Lead over S&P 500 6.2% · 1 year 41.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.4 + 12.9 + 13.9 + 17.9 = 60.1 · What this means: Relative strength against the index is 6.2%, and revenue and profit growth are weak. 4. [LATAM Airlines Group S.A.](https://www.sectoralpha.in/us/stocks/ltm) LTM · quiet · Evidence leans up · 71% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 20.5% · Profit 33.7% · Operating margin change -8 points · 83% evidence Capital efficiency 17.7/25 · ROCE 20.3% · Operating margin 5.3% · 76% evidence Valuation 9.7/20 · P/E 10.7× · PEG n/a · 15% evidence Relative strength 3.5/20 · Lead over its industry -5.6% · Lead over S&P 500 -19.8% · 1 year 0.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 17.7 + 9.7 + 3.5 = 53.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Republic Airways Holdings Inc.](https://www.sectoralpha.in/us/stocks/rjet) RJET · quiet · Too little evidence to rank firmly · 51% evidence 51.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/43.75 · Revenue 26.3% · Profit -30.7% · Operating margin change -1.3 points · 83% evidence Capital efficiency 15.2/31.25 · ROCE 8.9% · Operating margin 12.7% · 76% evidence Valuation 11.9/25 · P/E 14.1× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.5 + 15.2 + 11.9 = 51.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Ryanair Holdings plc](https://www.sectoralpha.in/us/stocks/ryaay) RYAAY · basing · Evidence leans up · 81% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.2/35 · Revenue 6.3% · Profit -8.7% · Operating margin change -8 points · 83% evidence Capital efficiency 18.1/25 · ROCE 19.7% · Operating margin 13.1% · 76% evidence Valuation 13.3/20 · P/E 15.2× · PEG 0.34 · 65% evidence Relative strength 11.4/20 · Lead over its industry -0.4% · Lead over S&P 500 -15.4% · 1 year -14.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.2 + 18.1 + 13.3 + 11.4 = 51 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [United Airlines Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ual) UAL · quiet · Evidence leans up · 85% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 12.3% · Profit 8.6% · Operating margin change -1.9 points · 95% evidence Capital efficiency 10.8/25 · ROCE 7.3% · Operating margin 7% · 76% evidence Valuation 10.8/20 · P/E 10.1× · PEG 1.06 · 65% evidence Relative strength 12.4/20 · Lead over its industry 11.3% · Lead over S&P 500 -5.1% · 1 year 10% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.8 + 10.8 + 10.8 + 12.4 = 50.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Frontier Group Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ulcc) ULCC · quiet · Evidence leans down · 64% evidence 47.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 9.9% · Profit n/a · Operating margin change 2.5 points · 62% evidence Capital efficiency 4.0/25 · ROCE -11.6% · Operating margin -9.2% · 76% evidence Valuation 10.7/20 · P/E -7.9× · PEG n/a · 15% evidence Relative strength 17.2/20 · Lead over its industry 35.6% · Lead over S&P 500 15.9% · 1 year 64.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.8 + 4 + 10.7 + 17.2 = 47.7 · What this means: Relative strength against the index is 15.9%, and revenue and profit growth are weak. 9. [SkyWest, Inc.](https://www.sectoralpha.in/us/stocks/skyw) SKYW · quiet · Evidence leans down · 81% evidence 47.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 9.1% · Profit 0.5% · Operating margin change -2.3 points · 83% evidence Capital efficiency 15.8/25 · ROCE 10.5% · Operating margin 14.1% · 76% evidence Valuation 12.9/20 · P/E 9.6× · PEG 0.44 · 65% evidence Relative strength 1.6/20 · Lead over its industry -9.9% · Lead over S&P 500 -23.2% · 1 year -21.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.8 + 15.8 + 12.9 + 1.6 = 47.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [American Airlines Group Inc.](https://www.sectoralpha.in/us/stocks/aal) AAL · basing · Evidence leans down · 67% evidence 46.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 12.3% · Profit -179.9% · Operating margin change -0.4 points · 71% evidence Capital efficiency 7.1/25 · ROCE 3% · Operating margin 0.9% · 76% evidence Valuation 11.5/20 · P/E -36.7× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry 4.6% · Lead over S&P 500 -11.1% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 7.1 + 11.5 + 11 = 46 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. flyExclusive, Inc. FLYX · basing · Evidence leans down · 64% evidence 45.7 out of 100 Growth Capital Valuation Relative
12. [Allegiant Travel Company](https://www.sectoralpha.in/us/stocks/algt) ALGT · basing · Evidence leans down · 64% evidence 44.2 out of 100 Growth Capital Valuation Relative
13. [Grupo Aeroméxico, S.A.B. de C.V.](https://www.sectoralpha.in/us/stocks/aero) AERO · basing · Evidence leans down · 69% evidence 40.4 out of 100 Growth Capital Valuation Relative
14. [Controladora Vuela Compañía de Aviación, S.A.B. de C.V.](https://www.sectoralpha.in/us/stocks/vlrs) VLRS · basing · Evidence leans down · 64% evidence 37.7 out of 100 Growth Capital Valuation Relative
15. [JetBlue Airways Corporation](https://www.sectoralpha.in/us/stocks/jblu) JBLU · quiet · Most evidence points down · 64% evidence 25.4 out of 100 Growth Capital Valuation Relative
16. [Alaska Air Group, Inc.](https://www.sectoralpha.in/us/stocks/alk) ALK · quiet · Most evidence points down · 75% evidence 24.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Airlines](https://www.sectoralpha.in/us/sectors/airlines), all 16 compared on one page. ## Which companies are close to Delta Air Lines in size? Delta Air Lines is the largest of 16 Airlines companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: United Airlines Holdings, Inc., Ryanair Holdings plc, Southwest Airlines Co., LATAM Airlines Group S.A., American Airlines Group Inc. and Copa Holdings, S.A. ### Airlines companies close in size

1. Delta Air Lines, Inc. $54.5 billion
2. [United Airlines Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ual) $34.8 billion
3. [Ryanair Holdings plc](https://www.sectoralpha.in/us/stocks/ryaay) $28 billion
4. [Southwest Airlines Co.](https://www.sectoralpha.in/us/stocks/luv) $21.3 billion
5. [LATAM Airlines Group S.A.](https://www.sectoralpha.in/us/stocks/ltm) $12.7 billion
6. [American Airlines Group Inc.](https://www.sectoralpha.in/us/stocks/aal) $8.5 billion
7. [Copa Holdings, S.A.](https://www.sectoralpha.in/us/stocks/cpa) $5.6 billion

[All 16 Airlines companies, largest first](https://www.sectoralpha.in/us/sectors/airlines#all-companies)

### Companies close in size in other industries

1. [Strategy Inc](https://www.sectoralpha.in/us/stocks/mstr) $55.2 billion · Software - Application
2. [Natera, Inc.](https://www.sectoralpha.in/us/stocks/ntra) $54.6 billion · Diagnostics & Research
3. Delta Air Lines, Inc. $54.6 billion
4. [Realty Income Corporation](https://www.sectoralpha.in/us/stocks/o) $54.5 billion · REIT - Retail
5. [Becton, Dickinson and Company](https://www.sectoralpha.in/us/stocks/bdx) $54.1 billion · Medical Instruments & Supplies

## What else do people ask about Delta Air Lines? ### What were Delta Air Lines's latest quarterly results? Delta Air Lines, Inc. reported revenue of $20.2 B and net profit of $756 M for the Sep 2026 quarter. Revenue rose 21.1% and profit fell 46.6% compared with a year earlier. Earnings per share were $1.15. The operating margin was 7.2%, 2.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is Delta Air Lines's market cap? Delta Air Lines, Inc.'s market capitalisation is $54.5 B at a stock price of $83.28. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Delta Air Lines performing? Delta Air Lines, Inc.'s share price has been rising for 3 weeks. In its latest quarter, revenue rose 21.1% and profit fell 46.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 11 weeks running (as of 3 November 2026). ### Will Delta Air Lines's stock price go up? This page does not forecast Delta Air Lines, Inc.'s stock price. What it shows instead: the stock price is $83.28, and it has been rising for 3 weeks. Its P/E of 16.6× is higher than 79% of its own last 5 years (as of 3 November 2026). ### Where is Delta Air Lines in its business cycle? Delta Air Lines, Inc.'s FY25 operating margin was 8.9%, against a 5-year range of −7.3% to 9.4%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Delta Air Lines story? Biggest thing to watch: the P/E is higher than 79% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Delta Air Lines a stock worth studying right now? What the numbers show: Delta Air Lines, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks

This is research, not advice. We’re not SEBI-registered.