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DAL

Delta Air Lines Inc

US$84.13+0.80% (US$0.67)
Day's range
US$82.55 – US$84.23
Day's volume
US$539.1m
52-week range
US$55.22 – US$93.43

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See how DAL weighs in your net worth, what it has paid you and how far it is from your target allocation.

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DAL in numbers

Market cap
US$55.3bn
P/E
14.00
P/B
2.54
Dividend yield (12m)
0.93%
Net debt/EBITDA
1.02

The 12-month dividend yield of DAL is 0.93%, above its 5-year average of 0.46%.

DAL price history

02/10/202501/10/2026
Compare with

DAL risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+48.67%+133.20%+102.92%
Volatility (annualised)31.87%38.07%40.16%
Largest drawdown-16.51%-37.96%-37.96%
Positive months8/1222/3632/60

How much did investing in DAL return?

US$1,000.00 invested on 01/09/2021 would be worth US$2,029.20 today.

Value today in DAL
US$2,029.20
Return over the period
+102.92%
Return per year
+15.21%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

DAL fundamentals

Valuation

  • P/E
    14.00
  • P/B
    2.54
  • EV/EBITDA
    7.91
  • EV/EBIT
    11.52
  • EV/Revenue
    0.93
  • P/EBIT
    10.03
  • P/S
    0.81
  • P/OCF
    6.80
  • P/FCF
    —
  • Earnings yield
    8.68%
  • PEG ratio
    —
  • Earnings per share
    US$6.01
  • Book value per share
    US$33.17

Debt

  • Net debt
    US$8.2bn
  • Net debt/EBITDA
    1.02
  • Net debt/Equity
    0.38
  • Debt/Equity
    0.59
  • Current ratio
    0.42
  • Quick ratio
    —
  • Cash ratio
    0.14

Efficiency

  • Gross margin
    —
  • EBITDA margin
    11.78%
  • Operating margin
    8.08%
  • Net margin
    5.79%
  • Asset turnover
    0.79

Profitability

  • ROE
    18.11%
  • ROA
    4.58%
  • ROIC
    14.26%
  • Payout
    12.97%

Growth

  • Revenue CAGR (5 years)
    30.11%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is DAL's fair price?

Two classic value formulas, with today's numbers. The current price is US$84.13.

Graham's fair price
US$66.96
20.40% below the price

√(22.50 × US$6.01 × US$33.17)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$4.59
94.55% below the price

US$0.28 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

DAL indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E9.0611.305.6215.9989.32-2.077.858.61
P/B2.172.562.333.206.4316.732.442.48
EV/EBITDA6.576.045.176.239.98—4.855.46
Dividend yield0.97%0.83%0.50%0.00%0.00%1.00%2.58%2.63%
Earnings per shareUS$7.66US$5.35US$7.16US$2.06US$0.44-US$19.41US$7.45US$5.80
Book value per shareUS$31.93US$23.67US$17.26US$10.26US$6.07US$2.40US$23.99US$20.16
ROE24.00%22.61%41.50%20.02%7.20%-807.37%31.04%28.75%
ROIC15.78%16.14%17.56%11.76%7.52%-64.28%22.54%18.89%
EBITDA margin13.04%13.80%13.54%11.40%12.99%-59.42%19.57%17.09%
Net margin7.90%5.61%7.94%2.61%0.94%-72.45%10.14%8.86%
Net debt/EBITDA1.091.441.882.573.54—0.791.00

DAL financial statements

Line202520242023202220212020
Net revenueUS$63.4bnUS$61.6bnUS$58bnUS$50.6bnUS$29.9bnUS$17.1bn
Cost of sales——————
Gross profit——————
EBITDAUS$8.3bnUS$8.5bnUS$7.9bnUS$5.8bnUS$3.9bn-US$10.2bn
EBITUS$5.8bnUS$6bnUS$5.5bnUS$3.7bnUS$1.9bn-US$12.5bn
Net finance resultUS$363m-US$1.3bnUS$87m-US$1.7bn-US$1.5bn-US$3.1bn
Profit before taxUS$6.2bnUS$4.7bnUS$5.6bnUS$1.9bnUS$398m-US$15.6bn
Income tax-US$1.2bn-US$1.2bn-US$999m-US$596m-US$118mUS$3.2bn
Net incomeUS$5bnUS$3.5bnUS$4.6bnUS$1.3bnUS$280m-US$12.4bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does DAL pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend14/10/202605/11/2026US$0.22

Dividend yield per year

  • 1.81%2017
  • 2.63%2018
  • 2.58%2019
  • 1.00%2020
  • 0.00%2021
  • 0.00%2022
  • 0.50%2023
  • 0.83%2024
  • 0.97%2025
  • 0.70%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/07/202630/07/2026US$0.22
Dividend13/05/202604/06/2026US$0.19
Dividend25/02/202619/03/2026US$0.19
Dividend15/10/202506/11/2025US$0.19
Dividend30/07/202521/08/2025US$0.19
Dividend12/05/202503/06/2025US$0.15
Dividend26/02/202520/03/2025US$0.15
Dividend09/10/202431/10/2024US$0.15
Dividend29/07/202420/08/2024US$0.15
Dividend10/05/202404/06/2024US$0.10
Dividend22/02/202418/03/2024US$0.10
Dividend10/10/202302/11/2023US$0.10
See all 27 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend13/07/202307/08/2023US$0.10
Dividend18/02/202012/03/2020US$0.40
Dividend22/10/201914/11/2019US$0.40
Dividend23/07/201915/08/2019US$0.40
Dividend30/04/201923/05/2019US$0.35
Dividend27/02/201922/03/2019US$0.35
Dividend05/11/201828/11/2018US$0.35
Dividend24/07/201816/08/2018US$0.35
Dividend09/05/201801/06/2018US$0.31
Dividend21/02/201816/03/2018US$0.31
Dividend15/11/201708/12/2017US$0.31
Dividend18/08/201713/09/2017US$0.31
Dividend16/05/201709/06/2017US$0.20
Dividend21/02/201717/03/2017US$0.20
Dividend07/11/201602/12/2016US$0.20

About Delta Air Lines

Sector
Transportation and utilities

Questions about DAL

How much is DAL today?

DAL is at US$84.13 (0.80% on the day), last traded on 01/10/2026.

How much did DAL pay in dividends in 2025?

DAL paid US$0.68 per share in 2025, a dividend yield of 0.97%.

When is the next DAL dividend?

The next announced payment is US$0.22 per share on 05/11/2026.

What are the P/E and P/B of DAL?

DAL trades at a P/E of 14.00 and a P/B of 2.54.

How much did DAL return in 12 months?

DAL returned 48.67% in 12 months, with annualised volatility of 31.87% and a largest drawdown of -16.51%.