Delta Air Lines, Inc. (DAL)
DAL price $81.45 +2.29 +2.89%
- Ticker
- DAL
- Price
- $81.45
- Change
- +2.29 +2.89%
- Market cap ?
- $53.59B
- P/E ?
- 15.71
- Forward P/E ?
- 15.00
- Dividend yield ?
- 1.02%
- Beta ?
- 1.34
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- Stocklytics score
- 49
- Value
- 67
- Quality
- 33
- Growth
- 46
Stocklytics score rationale: value 67, quality 33, growth 46.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 39450000000 | 41138000000 | 44438000000 | 47007000000 | 17095000000 | 29899000000 | 50582000000 | 58048000000 | 61643000000 | 63364000000 |
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…
Fair value
DAL fair value $43.84. Price $81.45. Price is 86% above fair value.
Above fair value, around its usual premium.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 2.62B. Growth 5.74% in year 1, held for five years, then fading in a straight line to terminal growth by year 10. Year-1 growth is analyst revenue growth, or 5-year historical revenue growth when that forecast is missing, kept between 0% and 20%. Terminal growth 3.00%. Discount rate 11.65% (beta 1.3). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. Years 1 to 5 grow at the year-1 rate, and years 6 to 10 fade in a straight line to terminal growth of 3%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 657.91M. Net debt 16.77B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-01-12 | — | 1.46 | — | 17.44B |
| 2026-10-09 | 1.72 | 1.77 | 20.20B | 17.64B |
| 2026-07-09 | 1.56 | 1.49 | 19.76B | 17.43B |
| 2026-04-08 | 0.64 | 0.58 | 14.20B | 14.05B |
| 2026-01-13 | 1.55 | 1.53 | 14.61B | 14.68B |
| 2025-10-09 | 1.71 | 1.57 | 16.67B | 15.09B |
| 2025-07-10 | 2.10 | 2.06 | 16.65B | 15.46B |
| 2025-04-09 | 0.46 | 0.38 | 14.04B | 12.98B |
| 2025-01-10 | 1.85 | 1.74 | 15.56B | 14.19B |
| 2024-10-10 | 1.50 | 1.52 | 15.68B | 14.65B |
| 2024-07-11 | 2.36 | 2.36 | 16.66B | 15.45B |
| 2024-04-10 | 0.45 | 0.37 | 13.75B | 12.51B |
| 2024-01-12 | 1.28 | 1.17 | 14.22B | 13.52B |
| 2023-10-12 | 2.03 | 1.95 | 15.49B | 14.54B |
| 2023-07-13 | 2.68 | 2.40 | 15.58B | 14.45B |
| 2023-04-13 | 0.25 | 0.29 | 12.76B | 14.12B |
| 2023-01-13 | 1.48 | 1.33 | 13.44B | 12.23B |
| 2022-10-13 | 1.51 | 1.56 | 13.97B | 12.86B |
| 2022-07-13 | 1.44 | 1.73 | 13.82B | 12.37B |
| 2022-04-13 | -1.23 | -1.28 | 9.35B | 8.77B |
| 2022-01-13 | 0.22 | 0.15 | 9.47B | 8.68B |
| 2021-10-13 | 0.30 | 0.15 | 9.15B | 8.66B |
| 2021-07-14 | -1.07 | -1.41 | 7.13B | 6.16B |
| 2021-04-15 | -3.55 | -3.08 | 4.15B | 4.06B |
| 2021-01-14 | -2.53 | -2.43 | 3.97B | 3.93B |
| 2020-10-13 | -3.30 | -3.14 | 3.06B | 1.76B |
| 2020-07-14 | -4.43 | -3.97 | 1.47B | 1.35B |
| 2020-04-22 | -0.51 | -0.72 | 8.59B | 11.79B |
| 2020-01-14 | 1.70 | 1.40 | 11.44B | 9.42B |
| 2019-10-10 | 2.32 | 2.26 | 12.56B | 12.24B |
| 2019-07-11 | 2.35 | 2.28 | 12.54B | 12.22B |
| 2019-04-10 | 0.96 | 0.90 | 10.47B | 9.82B |
| 2019-01-15 | 1.30 | 1.27 | 10.74B | 10.49B |
| 2018-10-11 | 1.83 | 1.74 | 11.95B | 11.55B |
| 2018-07-12 | 1.77 | 1.72 | 11.78B | 11.44B |
| 2018-04-12 | 0.74 | 0.73 | 9.97B | 9.83B |
| 2018-01-11 | 0.96 | 0.88 | 10.24B | 9.38B |
| 2017-10-11 | 1.57 | 1.53 | 11.06B | 10.78B |
| 2017-07-13 | 1.64 | 1.67 | 10.75B | 10.94B |
| 2017-04-12 | 0.77 | 0.75 | 9.10B | 8.86B |
Dividends
Yield 0.99%. Payout ratio 15.84%. Frequency Quarterly.
Safety score 91/100 · Safe. Payout ratio is 16% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 12 separate years. Yield is 1.0%, which is modest.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-10-15 | $0.21 | 2026-10-15 | 2026-11-05 | Quarterly |
| 2026-07-09 | $0.21 | 2026-07-09 | 2026-07-30 | Irregular |
| 2026-05-14 | $0.19 | 2026-05-14 | 2026-06-04 | Quarterly |
| 2026-02-26 | $0.19 | 2026-02-26 | 2026-03-19 | Quarterly |
| 2025-10-16 | $0.19 | 2025-10-16 | 2025-11-06 | Quarterly |
| 2025-07-31 | $0.19 | 2025-07-31 | 2025-08-21 | Quarterly |
| 2025-05-13 | $0.15 | 2025-05-13 | 2025-06-03 | Quarterly |
| 2025-02-27 | $0.15 | 2025-02-27 | 2025-03-20 | Quarterly |
| 2024-10-10 | $0.15 | 2024-10-10 | 2024-10-31 | Quarterly |
| 2024-07-30 | $0.15 | 2024-07-30 | 2024-08-20 | Quarterly |
| 2024-05-13 | $0.10 | 2024-05-14 | 2024-06-04 | Quarterly |
| 2024-02-23 | $0.10 | 2024-02-26 | 2024-03-18 | Quarterly |
| 2023-10-11 | $0.10 | 2023-10-12 | 2023-11-02 | Quarterly |
| 2023-07-14 | $0.10 | 2023-07-17 | 2023-08-07 | Irregular |
| 2020-02-19 | $0.40 | 2020-02-20 | 2020-03-12 | Quarterly |
| 2019-10-23 | $0.40 | 2019-10-24 | 2019-11-14 | Quarterly |
| 2019-07-24 | $0.40 | 2019-07-25 | 2019-08-15 | Quarterly |
| 2019-05-01 | $0.35 | 2019-05-02 | 2019-05-23 | Quarterly |
| 2019-02-28 | $0.35 | 2019-03-01 | 2019-03-22 | Quarterly |
| 2018-11-06 | $0.35 | 2018-11-07 | 2018-11-28 | Quarterly |
| 2018-07-25 | $0.35 | 2018-07-26 | 2018-08-16 | Quarterly |
| 2018-05-10 | $0.30 | 2018-05-11 | 2018-06-01 | Quarterly |
| 2018-02-22 | $0.30 | 2018-02-23 | 2018-03-16 | Quarterly |
| 2017-11-16 | $0.30 | 2017-11-17 | 2017-12-08 | Quarterly |
| 2017-08-21 | $0.30 | 2017-08-23 | 2017-09-13 | Quarterly |
| 2017-05-17 | $0.20 | 2017-05-19 | 2017-06-09 | Quarterly |
| 2017-02-22 | $0.20 | 2017-02-24 | 2017-03-17 | Quarterly |
| 2016-11-08 | $0.20 | 2016-11-11 | 2016-12-02 | Quarterly |
| 2016-08-10 | $0.20 | 2016-08-12 | 2016-09-02 | Quarterly |
| 2016-05-09 | $0.14 | 2016-05-11 | 2016-06-01 | Quarterly |
| 2016-02-12 | $0.14 | 2016-02-17 | 2016-03-09 | Quarterly |
| 2015-11-04 | $0.14 | 2015-11-06 | 2015-11-30 | Quarterly |
| 2015-08-05 | $0.14 | 2015-08-07 | 2015-08-28 | Quarterly |
| 2015-05-06 | $0.09 | 2015-05-08 | 2015-05-29 | Quarterly |
| 2015-02-18 | $0.09 | 2015-02-20 | 2015-03-13 | Quarterly |
| 2014-11-05 | $0.09 | 2014-11-07 | 2014-12-01 | Quarterly |
| 2014-08-06 | $0.09 | 2014-08-08 | 2014-08-29 | Quarterly |
| 2014-05-07 | $0.06 | 2014-05-09 | 2014-05-30 | Quarterly |
| 2014-02-19 | $0.06 | 2014-02-21 | 2014-03-14 | Quarterly |
| 2013-11-04 | $0.06 | 2013-11-06 | 2013-11-26 | Quarterly |
| 2013-08-07 | $0.06 | 2013-08-09 | 2013-09-10 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-05 | HUERTA MICHAEL P | Sell | 3.10K | $94.11 | 291.76K |
| 2026-08-05 | Sear Steven M | Buy | 40.46K | $51.23 | 2.07M |
| 2026-08-05 | Sear Steven M | Sell | 40.46K | $93.55 | 3.79M |
| 2026-08-05 | Sear Steven M | Sell | 40.46K | $51.23 | 2.07M |
| 2026-08-04 | BELLEMARE ALAIN | Sell | 35.00K | $39.78 | 1.39M |
| 2026-08-04 | Carter Peter W | Buy | 39.90K | $49.33 | 1.97M |
| 2026-08-04 | Carter Peter W | Sell | 39.90K | $92.98 | 3.71M |
| 2026-08-04 | Carter Peter W | Sell | 39.90K | $49.33 | 1.97M |
| 2026-08-04 | BELLEMARE ALAIN | Buy | 35.00K | $39.78 | 1.39M |
| 2026-08-04 | BELLEMARE ALAIN | Sell | 35.00K | $92.72 | 3.25M |
| 2026-08-04 | BELLEMARE ALAIN | Sell | 35.00K | $39.78 | 1.39M |
| 2026-08-04 | Bastian Edward H | Buy | 206.51K | $49.33 | 10.19M |
| 2026-08-04 | Bastian Edward H | Sell | 206.51K | $92.80 | 19.16M |
| 2026-08-04 | Bastian Edward H | Sell | 206.51K | $49.33 | 10.19M |
| 2026-08-03 | DEWALT DAVID G | Sell | 31.76K | $90.85 | 2.88M |
| 2026-06-18 | Hale Leslie D. | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Beck Christophe | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Taylor David S | Buy | 3.81K | $320,000.00 | 1.22B |
| 2026-06-18 | Waller Kathy N | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Chiang Willie CW | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | McKenna Judith J | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | HUERTA MICHAEL P | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | PRABHU VASANT M | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Creed Greg | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Black Maria | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | DEWALT DAVID G | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Rial Sergio | Buy | 2.38K | $200,000.00 | 476.00M |
| 2026-06-18 | Rial Sergio | Sell | 1.27K | $84.18 | 107.08K |
| 2026-05-27 | Ausband Allison C | Sell | 5.00K | $80.90 | 404.50K |
| 2026-05-27 | BELLEMARE ALAIN | Sell | 25.00K | $81.44 | 2.04M |
| 2026-05-26 | Ausband Allison C | Sell | 5.00K | $79.00 | 395.00K |
| 2026-05-22 | Ausband Allison C | Buy | 9.71K | $51.23 | 497.44K |
| 2026-05-22 | Ausband Allison C | Sell | 9.71K | $76.00 | 737.96K |
| 2026-05-22 | Ausband Allison C | Sell | 9.71K | $51.23 | 497.44K |
| 2026-05-21 | Ausband Allison C | Sell | 5.00K | $73.50 | 367.50K |
| 2026-05-07 | BELLEMARE ALAIN | Sell | 20.62K | $72.75 | 1.50M |
| 2026-04-22 | McConnell Julia Ann | Buy | 740 | — | — |
| 2026-04-14 | Laughter John E | Sell | 15.00K | $71.61 | 1.07M |
| 2026-04-10 | Laughter John E | Buy | 9.08K | $39.78 | 361.20K |
| 2026-04-10 | Laughter John E | Buy | 13.46K | $58.89 | 792.66K |
| 2026-04-10 | Laughter John E | Sell | 69.30K | $68.15 | 4.72M |
| 2026-04-10 | Laughter John E | Sell | 13.46K | $58.89 | 792.66K |
| 2026-04-10 | Laughter John E | Sell | 9.08K | $39.78 | 361.20K |
| 2026-04-01 | McConnell Julia Ann | Other | 0 | — | — |
| 2026-04-01 | Janki Daniel C. | Buy | 5.55K | — | — |
| 2026-04-01 | BELLEMARE ALAIN | Buy | 2.47K | — | — |
| 2026-04-01 | Carter Peter W | Buy | 2.96K | — | — |
| 2026-04-01 | Snell Erik Storey | Buy | 7.40K | — | — |
| 2026-02-26 | Bastian Edward H | Sell | 100.00K | $70.26 | 7.03M |
| 2026-02-09 | Sear Steven M | Sell | 38.60K | $75.05 | 2.90M |
| 2026-02-09 | HAUENSTEIN GLEN W | Sell | 137.16K | $75.27 | 10.32M |
| 2026-02-09 | BELLEMARE ALAIN | Sell | 35.21K | $75.20 | 2.65M |
| 2026-02-06 | HAUENSTEIN GLEN W | Buy | 123.91K | $49.33 | 6.11M |
| 2026-02-06 | HAUENSTEIN GLEN W | Sell | 165.86K | $71.00 | 11.78M |
| 2026-02-06 | HAUENSTEIN GLEN W | Sell | 123.91K | $74.77 | 9.26M |
| 2026-02-06 | HAUENSTEIN GLEN W | Sell | 123.91K | $49.33 | 6.11M |
| 2026-02-06 | Carter Peter W | Sell | 27.00K | $74.82 | 2.02M |
| 2026-02-05 | Samant Rahul D | Sell | 62.53K | $70.18 | 4.39M |
| 2026-02-05 | HAUENSTEIN GLEN W | Sell | 13.58K | $71.00 | 963.90K |
| 2026-02-04 | Snell Erik Storey | Buy | 11.77K | — | — |
| 2026-02-04 | Sear Steven M | Buy | 69.60K | — | — |
| 2026-02-04 | Sear Steven M | Sell | 31.00K | $70.86 | 2.20M |
| 2026-02-04 | Sear Steven M | Buy | 11.77K | — | — |
| 2026-02-04 | Samant Rahul D | Buy | 97.44K | — | — |
| 2026-02-04 | Samant Rahul D | Sell | 43.40K | $70.86 | 3.08M |
| 2026-02-04 | Laughter John E | Buy | 69.60K | — | — |
| 2026-02-04 | Laughter John E | Sell | 31.00K | $70.86 | 2.20M |
| 2026-02-04 | Janki Daniel C. | Buy | 229.62K | — | — |
| 2026-02-04 | Janki Daniel C. | Sell | 102.27K | $70.86 | 7.25M |
| 2026-02-04 | Janki Daniel C. | Buy | 19.41K | — | — |
| 2026-02-04 | HAUENSTEIN GLEN W | Buy | 741.03K | — | — |
| 2026-02-04 | HAUENSTEIN GLEN W | Sell | 330.06K | $70.86 | 23.39M |
| 2026-02-04 | Esposito Joseph James | Buy | 14.12K | — | — |
| 2026-02-04 | Duggirala Amala | Buy | 16.47K | — | — |
| 2026-02-04 | Carter Peter W | Buy | 467.61K | — | — |
| 2026-02-04 | Carter Peter W | Sell | 208.27K | $70.86 | 14.76M |
| 2026-02-04 | Carter Peter W | Buy | 18.35K | — | — |
| 2026-02-04 | BELLEMARE ALAIN | Buy | 125.25K | — | — |
| 2026-02-04 | BELLEMARE ALAIN | Sell | 55.79K | $70.86 | 3.95M |
| 2026-02-04 | BELLEMARE ALAIN | Buy | 21.17K | — | — |
| 2026-02-04 | Bastian Edward H | Buy | 1.42M | — | — |
| 2026-02-04 | Bastian Edward H | Sell | 636.84K | $70.86 | 45.13M |
| 2026-02-04 | Bastian Edward H | Buy | 70.21K | — | — |
| 2026-02-04 | Ausband Allison C | Buy | 69.60K | — | — |
| 2026-02-04 | Ausband Allison C | Sell | 31.00K | $70.86 | 2.20M |
| 2026-02-04 | Ausband Allison C | Buy | 16.47K | — | — |
| 2026-02-02 | Carroll William C | Sell | 5.97K | $68.10 | 406.33K |
| 2026-01-30 | Snell Erik Storey | Sell | 2.07K | $65.89 | 136.52K |
| 2026-01-30 | Snell Erik Storey | Sell | 2.03K | $65.89 | 133.89K |
| 2026-01-30 | Snell Erik Storey | Sell | 1.79K | $65.89 | 118.14K |
| 2026-01-30 | Carter Peter W | Sell | 3.29K | $65.89 | 216.65K |
| 2026-01-30 | Carter Peter W | Sell | 2.80K | $65.89 | 184.23K |
| 2026-01-30 | HAUENSTEIN GLEN W | Sell | 7.25K | $65.89 | 477.77K |
| 2026-01-30 | HAUENSTEIN GLEN W | Sell | 4.17K | $65.89 | 274.56K |
| 2026-01-30 | Samant Rahul D | Sell | 4.31K | $65.89 | 283.92K |
| 2026-01-30 | Samant Rahul D | Sell | 2.51K | $65.89 | 165.38K |
| 2026-01-30 | Bastian Edward H | Sell | 13.59K | $65.89 | 895.45K |
| 2026-01-30 | Bastian Edward H | Sell | 8.60K | $65.89 | 566.72K |
| 2026-01-30 | Ausband Allison C | Sell | 2.15K | $65.89 | 141.66K |
| 2026-01-30 | Ausband Allison C | Sell | 1.43K | $65.89 | 94.03K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 1.61K, holders +170 vs prior quarter. Ownership 89.45%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC | 57.32M | 17.51M | +43.99% | 5.37B |
| BLACKROCK, INC. | 45.11M | 43.69M | +3078.73% | 4.22B |
| VANGUARD CAPITAL MANAGEMENT LLC | 41.31M | -637.00K | -1.52% | 3.87B |
| FMR LLC | 33.19M | 5.68M | +20.66% | 3.11B |
| SANDERS CAPITAL, LLC | 29.13M | -337.53K | -1.15% | 2.73B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 26.33M | -1.05M | -3.85% | 2.47B |
| STATE STREET CORP | 24.13M | 669.44K | +2.85% | 2.26B |
| CAPITAL INTERNATIONAL INVESTORS | 20.69M | 119.65K | +0.58% | 1.94B |
| GEODE CAPITAL MANAGEMENT, LLC | 18.51M | 541.33K | +3.01% | 1.75B |
| PRIMECAP MANAGEMENT CO/CA/ | 17.52M | -27.40K | -0.16% | 1.64B |
| HARRIS ASSOCIATES L P | 17.33M | -673.03K | -3.74% | 1.62B |
| BANK OF NEW YORK MELLON CORP | 12.63M | 356.77K | +2.91% | 1.18B |
| MORGAN STANLEY | 11.72M | -1.68M | -12.55% | 1.10B |
| DIMENSIONAL FUND ADVISORS LP | 9.60M | -434.25K | -4.33% | 899.59M |
| AQR CAPITAL MANAGEMENT LLC | 7.86M | -579.20K | -6.86% | 731.68M |
| JPMORGAN CHASE & CO | 6.73M | -635.87K | -8.63% | 626.94M |
| GOLDMAN SACHS GROUP INC | 6.34M | 5.54M | +688.27% | 594.18M |
| NEWPORT TRUST COMPANY, LLC | 6.22M | -1.65M | -20.98% | 582.22M |
| NORTHERN TRUST CORP | 5.02M | 46.09K | +0.93% | 470.39M |
| INVESCO LTD. | 5.00M | -1.15M | -18.63% | 468.65M |
| LIFE CYCLE INVESTMENT PARTNERS LTD | 4.80M | -824.81K | -14.67% | 449.35M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 4.27M | 3.31M | +343.91% | 399.92M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 4.01M | 4.01M | New | 375.63M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 4.01M | 55.14K | +1.39% | 375.63M |
| NINETY ONE UK LTD | 3.88M | 258.41K | +7.13% | 363.55M |