DAL on NYSE

Delta Air Lines

Logo: Delta Air Lines, Public domain, via Wikimedia Commons6

Airline of the United States

Delta Air Lines, Inc. is a major airline in the United States headquartered in Atlanta, Georgia, operating nine hubs, with Hartsfield–Jackson Atlanta International Airport being its largest in terms of total passengers and number of departures. With its regional subsidiaries and contractors operating under the brand name Delta Connection, Delta has over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.3 Its chief executive is Ed Bastian (since 2016).1 Its revenue was $61.6 billion in 2024.1 Its shares trade on NYSE under the symbol DAL.1 Wikipedia text CC BY-SA 4.0

$77.97 up 1.31 (1.72%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

Mar 2, 1925Founded1

Compare with United Airlines, American Airlines Group or Southwest Airlines, or pick any stock.

  • TickerDAL on NYSE1
  • Industryair transport, aviation1
  • HeadquartersAtlanta1
  • Founded inMacon1
  • Websitede.delta.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business addressHartsfield-Jackson Atlanta Intl Airport, 1030 Delta Boulevard, Atlanta, Ga 30354-19897
  • Filer categoryLarge accelerated filer7
  • LEIQ2CCMS6R0AS67HJMBN424
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o Corporation Service Company, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 6544274
N508DN, a350 (39758160940)
Photo: Jeroen Stroes Aviation Photography from Netherlands, CC BY 2.0, via Wikimedia Commons10

Delta Air Lines, Inc. is a major airline in the United States headquartered in Atlanta, Georgia, operating nine hubs, with Hartsfield–Jackson Atlanta International Airport being its largest in terms of total passengers and number of departures. With its regional subsidiaries and contractors operating under the brand name Delta Connection, Delta has over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.2%Operating margin11
7.9%Net margin11
2.8%Revenue growth, 202511
24.0%Return on equity11
0.57×Debt to equity11

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Passenger, Air Traffic brought in 71% of the revenue Delta Air Lines broke down this way in fiscal 2025.

  1. Passenger, Air Traffic$45.5B1171%up 1% from 2024
  2. Product And Service, Other, Refinery$5.1B118%up 9% from 2024
  3. Passenger, Loyalty Travel Awards$4.2B117%up 10% from 2024
  4. Product And Service, Other, Loyalty Program$3.4B115%up 2% from 2024
  5. Passenger, Travel Related Services$2.0B113%up 4% from 2024
  6. Product And Service, Other, Miscellaneous$1.3B112%up 9% from 2024
  7. Product And Service, Other, Ancillary Businesses$937.0M111%up 21% from 2024
  8. Cargo and Freight$900.0M111%up 9% from 2024
  9. Product And Service, Other, MRO Business$822.0M111%up 25% from 2024
Products and services by year
Products and services202320242025
Passenger, Air Traffic$43.6B$45.1B$45.5B
Product And Service, Other, Refinery$3.4B$4.6B$5.1B
Passenger, Loyalty Travel Awards$3.5B$3.8B$4.2B
Product And Service, Other, Loyalty Program$3.1B$3.3B$3.4B
Passenger, Travel Related Services$1.9B$2.0B$2.0B
Product And Service, Other, Miscellaneous$1.1B$1.2B$1.3B
Product And Service, Other, Ancillary Businesses$840.0M$772.0M$937.0M
Cargo and Freight$723.0M$822.0M$900.0M
Product And Service, Other, MRO Business$658.0M$822.0M

Business segments

Airline brought in 89% of the revenue Delta Air Lines broke down this way in fiscal 2025.

  1. Airline$58.3B1189%up 2% from 2024
  2. Refinery$7.0B1111%down 10% from 2024
Business segments by year
Business segments202320242025
Airline$54.7B$57.0B$58.3B
Refinery$7.6B$7.8B$7.0B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs90¢$57.2B
  • Income tax2¢$1.2B
  • Profit8¢$5.0B

Out of $63.4B in revenue.11

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid5¢$440.0M
  • Kept or used elsewhere95¢$7.9B

Out of $8.3B of cash from operations.11

Financial statements

Revenue1213141511$63.4B in 2025+35% since 2019
0$20.0B$40.0B$60.0B$80.0B2019: $47.0B$47.0B20192020: $17.1B$17.1B2020−64%2021: $29.9B$29.9B2021+75%2022: $50.6B$50.6B2022+69%2023: $58.0B$58.0B2023+15%2024: $61.6B$61.6B2024+6%2025: $63.4B$63.4B2025+3%
Operating income1213141511$5.8B in 2025−12% since 2019
-$15.0B-$10.0B-$5.0B0$5.0B$10.0B2019: $6.6B$6.6B20192020: -$12.5B-$12.5B20202021: $1.9B$1.9B20212022: $3.7B$3.7B2022+94%2023: $5.5B$5.5B2023+51%2024: $6.0B$6.0B2024+9%2025: $5.8B$5.8B2025−3%
Net income1213141511$5.0B in 2025+5% since 2019
-$15.0B-$10.0B-$5.0B0$5.0B$10.0B2019: $4.8B$4.8B20192020: -$12.4B-$12.4B20202021: $280.0M$280.0M20212022: $1.3B$1.3B2022+371%2023: $4.6B$4.6B2023+250%2024: $3.5B$3.5B2024−25%2025: $5.0B$5.0B2025+45%

Every line of the income statement as filed: the last 3 fiscal years, latest first.11

Period ending2025-12-312024-12-312023-12-31
Total operating revenue$63.4B$61.6B$58.0B
Salaries and related costs$17.5B$16.2B$14.6B
Aircraft fuel and related taxes$9.8B$10.6B$11.1B
Ancillary businesses and refinery$6.0B$5.4B$4.2B
Contracted services$4.6B$4.2B$4.0B
Landing fees and other rents$3.6B$3.1B$2.6B
Regional carrier expense$2.6B$2.3B$2.2B
Passenger commissions and other selling expenses$2.5B$2.5B$2.3B
Depreciation and amortization$2.4B$2.5B$2.3B
Aircraft maintenance materials and outside repairs$2.4B$2.6B$2.4B
Passenger service$1.9B$1.8B$1.8B
Profit sharing$1.3B$1.4B$1.4B
Aircraft rent$542.0M$548.0M$532.0M
Pilot agreement and related expenses$0$0$864.0M
Other$2.4B$2.5B$2.2B
Total operating expense$57.5B$55.6B$52.5B
Operating Income$5.8B$6.0B$5.5B
Interest expense, net-$679.0M-$747.0M-$834.0M
Gain/(loss) on investments, net$1.2B-$319.0M$1.3B
Loss on extinguishment of debt-$26.0M-$39.0M-$63.0M
Miscellaneous, net-$144.0M-$232.0M-$279.0M
Total non-operating income/(expense), net$363.0M-$1.3B$87.0M
Income Before Income Taxes$6.2B$4.7B$5.6B
Income Tax Provision-$1.2B-$1.2B-$999.0M
Net Income$5.0B$3.5B$4.6B
Basic Earnings Per Share (USD per share)$7.72$5.39$7.21
Diluted Earnings Per Share (USD per share)$7.66$5.33$7.17

Compare Delta Air Lines with another company

Corporate structure

Delta Air Lines sits at the top of its group. 43 entities, 12 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Delta Air Lines

  • Berkshire Hathaway Filed SCHEDULE 13G/A on Delta Air Lines, latest Aug 14, 2026 (2 filings since May 15, 2026)
  • FMR LLC Filed SCHEDULE 13G on Delta Air Lines, latest Aug 6, 2026
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Delta Air Lines, latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Delta Air Lines, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
  • BlackRock Filed SC 13G/A on Delta Air Lines, latest Jan 26, 2024 (3 filings since Feb 1, 2022)

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (5 companies). Each entity in the chart links to its source.

What it owns

What Delta Air Lines reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$835.0M11 Dec 31, 2025$825.0M11 Dec 31, 2024+1.2%
Operating-lease assets (leased space)$6.2B11 Dec 31, 2025$6.6B11 Dec 31, 2024−6.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.3B11 Dec 31, 2025$3.1B11 Dec 31, 2024+40.4%
Marketable securities, current$015 Dec 31, 2024$1.1B15 Dec 31, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.8B11 Dec 31, 2025$9.8B11 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$6.0B11 Dec 31, 2025$6.0B11 Dec 31, 2024−0.2%
Finite-lived intangibles, gross$976.0M11 Dec 31, 2025$976.0M11 Dec 31, 20240%
Accumulated amortization$928.0M11 Dec 31, 2025$919.0M11 Dec 31, 2024+1.0%

Properties, in its own words

Flight Equipment

Our operating aircraft fleet, purchase commitments and options at December 31, 2025 are summarized in the following table.

The rest of Item 2

Mainline aircraft information by fleet type

Current Fleet(1) · Commitments

Fleet Type · Owned · Finance Lease · Operating Lease · Total · Average Age (Years) · Purchase · Options

A220-100 · 45 · — · — · 45 · 6.0 · — · —

A220-300 · 36 · — · — · 36 · 2.7 · 64 · —

A319-100 · 57 · — · — · 57 · 23.8 · — · —

A320-200 · 46 · — · — · 46 · 29.0 · — · —

A321-200 · 77 · 8 · 42 · 127 · 7.0 · — · —

A321-200neo · 87 · — · — · 87 · 2.0 · 68 · 70

A330-200 · 11 · — · — · 11 · 20.8 · — · —

A330-300 · 28 · — · 3 · 31 · 16.9 · — · —

A330-900neo · 32 · 2 · 5 · 39 · 3.0 · — · 10

A350-900 · 29 · — · 11 · 40 · 5.3 · 4 · 10

A350-1000 · — · — · — · — · — · 20 · —

B-717-200 · 80 · — · — · 80 · 24.3 · — · —

B-737-800 · 73 · 4 · — · 77 · 24.3 · — · —

B-737-900ER · 119 · 6 · 38 · 163 · 10.0 · — · —

B-737-10 · — · — · — · — · — · 100 · 30

B-757-200 · 76 · — · — · 76 · 27.1 · — · —

B-757-300 · 16 · — · — · 16 · 22.9 · — · —

B-767-300ER · 37 · — · — · 37 · 29.0 · — · —

B-767-400ER · 21 · — · — · 21 · 25.0 · — · —

Total · 870 · 20 · 99 · 989 · 14.8 · 256 · 120

(1)Excludes certain aircraft we own or lease that are operated by regional carriers on our behalf shown in the table below.

The following table summarizes the aircraft operated by regional carriers on our behalf at December 31, 2025.

Regional aircraft information by fleet type and carrier

Fleet Type(1)

Carrier · CRJ-700 · CRJ-900 · Embraer 170 · Embraer 175 · Total

Endeavor Air, Inc.(2) · 19 · 125 · — · — · 144

SkyWest Airlines, Inc. · 5 · 32 · — · 87 · 124

Republic Airways, Inc. · — · — · 11 · 46 · 57

Total · 24 · 157 · 11 · 133 · 325

(1)We own 202 and have operating leases for three of these regional aircraft. The remainder are owned or leased by SkyWest Airlines, Inc. or Republic Airways, Inc.

(2)Endeavor Air, Inc. is a wholly owned subsidiary of Delta.

Aircraft Purchase Commitments

As part of a multi-year effort, we have been investing in new aircraft to provide an improved customer experience, more premium products, better operating economics and greater fuel efficiency. Our contractual purchase commitments for additional aircraft as of December 31, 2025 are detailed in the following table:

Aircraft purchase commitments by fleet type

Delivery in Calendar Years Ending

Aircraft Purchase Commitments(1) · 2026 · 2027 · 2028 · After 2028 · Total

A220-300 · 24 · 18 · 10 · 12 · 64

A321-200neo · 20 · 42 · 6 · — · 68

A350-900 · 4 · — · — · — · 4

A350-1000 · — · 8 · 12 · — · 20

B-737-10 · — · 27 · 39 · 34 · 100

Total · 48 · 95 · 67 · 46 · 256

(1)The timing of these commitments is based on our contractual agreements with the aircraft manufacturers and remains uncertain due to supply chain, manufacturing and regulatory constraints.

In addition to the aircraft purchase commitments above, on January 12, 2026, we entered into a definitive agreement with The Boeing Company to acquire 30 Boeing 787-10 aircraft, with an option to purchase up to an additional 30 of the same aircraft. The B-787-10 aircraft will include GEnx engines manufactured by General Electric. Deliveries of the B-787-10 aircraft will begin in 2031.

On January 27, 2026, we entered into a definitive agreement with Airbus S.A.S. to purchase 16 Airbus A330-900 aircraft and 15 Airbus A350-900 aircraft, with an option to purchase up to an additional 20 widebody aircraft. The A330-900 aircraft will be powered by the Trent 7000 engine and the A350-900 aircraft will utilize the Trent XWB-84 EP engine, both manufactured by Rolls-Royce. Deliveries of the aircraft will begin in 2029.

Ground Facilities

Airline Operations

We lease most of the land and buildings that we occupy. Our largest aircraft maintenance base, various equipment maintenance, cargo, flight kitchen and training facilities and most of our principal offices are located at or near the Atlanta airport on land leased from the City of Atlanta. We lease ticket counters, gate areas, operating facilities and other terminal space in most of the airports that we serve. At most airports, we have entered into use agreements which provide for the non-exclusive use of runways, taxiways and other improvements and facilities. Landing fees under these agreements normally are based on the number of landings and weight of aircraft. These leases and use agreements generally run for periods of less than one year to 30 years or more, and often contain provisions for periodic adjustments of lease rates, landing fees and other charges applicable under that type of agreement. We also lease aircraft maintenance, equipment maintenance and air cargo facilities at several airports. Our facility leases generally require us to pay the cost of providing, operating and maintaining such facilities, including, in some cases, amounts necessary to pay debt service on special facility bonds issued to finance their construction. We also lease computer facilities, marketing offices, reservations offices and other off-airport facilities in certain locations for varying terms.

We own our reservations centers in Atlanta, Minnesota and North Dakota.

Refinery Operations

Our Monroe subsidiaries own and operate the Trainer refinery and related assets in Pennsylvania. The facilities include pipelines and terminal assets that allow the refinery to supply jet fuel to our airline operations throughout the northeastern U.S., including our New York City hubs at LaGuardia and JFK.

Item 2 of the 10-K filed Feb 11, 2026.20

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Early history

The history of the predecessor companies of Delta Air Lines begins with the world's first aerial crop dusting operation called Huff Daland Dusters, Inc. The company was founded on March 2, 1925, in Macon, Georgia, before moving to Monroe, Louisiana, in the summer of 1925. It flew a Huff-Daland Duster, the first true crop duster, designed to combat the boll weevil infestation of cotton crops. The first flight operated by Huff Daland Dusters departed from the airfield at Camp Wheeler, now Macon Downtown Airport, on March 23, 1925 to dust a peach orchard in Montezuma, Georgia. C.E. Woolman, general manager and later Delta's first CEO, led a group of local investors to acquire the company's assets. Delta Air Service was incorporated on December 3, 1928, and was named after the Mississippi Delta region.

Passenger operations began on June 17, 1929, from Dallas, Texas, to Jackson, Mississippi, with stops at Shreveport and Monroe, Louisiana. By June 1930, service had extended east to Atlanta and west to Fort Worth, Texas. Passenger service ceased in October 1930 when the airmail contract for the route Delta had pioneered was awarded to another airline, which purchased the assets of Delta Air Service. Local banker Travis Oliver, acting as a trustee, C.E. Woolman, and other local investors purchased back the crop-dusting assets of Delta Air Service and incorporated as Delta Air Corporation on December 31, 1930.

Delta Air Corporation secured an airmail contract in 1934, and began doing business as Delta Air Lines over Mail Route 24, stretching from Fort Worth, Texas, to Charleston, South Carolina. Delta moved its headquarters from Monroe, Louisiana, to its current location in Atlanta in 1941. The company name officially became Delta Air Lines in 1945. In 1946, the company commenced regularly scheduled freight transport. In 1949, the company launched the first discounted fares between Chicago and Miami. In 1953, the company launched its first international routes after the acquisition of Chicago and Southern Air Lines. In 1959, it was the first airline to fly the Douglas DC-8. In 1960, it was the first airline to fly Convair 880 jets. In 1964, it launched the Deltamatic reservation systems using computers in the IBM 7070 series. In 1965, Delta was the first airline to fly the McDonnell Douglas DC-9.

Growth and acquisitions

By 1970, Delta had an all-jet fleet, and in 1972 it acquired Northeast Airlines. Trans-Atlantic service began in 1978 with the first nonstop flights from Atlanta to London. In 1981, Delta launched a frequent-flyer program. In 1987, it acquired Western Airlines, and that same year Delta began trans-Pacific service (Atlanta to Portland, Oregon, to Tokyo). In 1990, Delta was the first airline in the United States to fly McDonnell Douglas MD-11 jets. In 1991, it acquired substantially all of Pan Am's trans-Atlantic routes and the Pan Am Shuttle, rebranded as the Delta Shuttle. Delta was now the leading airline across the Atlantic.

In 1997, Delta was the first airline to board more than 100 million passengers in a calendar year. Also that year, Delta began an expansion of its international routes into Latin America. In 2003, the company launched Song, a low-cost carrier.

Bankruptcy and restructuring (2005–2007)

On September 14, 2005, the company filed for bankruptcy, citing rising fuel costs. It emerged from bankruptcy in April 2007 after fending off a hostile takeover from US Airways and its shares were re-listed on the New York Stock Exchange.

Acquisition of Northwest Airlines (2008–2010)

The acquisition of Northwest Airlines was announced on April 14, 2008. It was approved and consummated on October 29, 2008. Northwest continued to operate as a wholly owned subsidiary of Delta until December 31, 2009, when the Northwest Airlines operating certificate was merged into that of Delta. Delta completed integration with Northwest on January 31, 2010, when their computer reservations system and websites were combined, and the Northwest Airlines brand was officially retired.

From Wikipedia’s article on Delta Air Lines, shared under CC BY-SA 4.0.8

Leadership

Who has led Delta Air Lines, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (75)

Products and brands

As of April 2026 Delta flies to 64 countries on over 1,000 routes serving the Americas, Europe, Africa, West Asia, East Asia and Oceania. Delta operated 893 daily flights out of its Atlanta main hub in the summer of 2024.

Hubs

Delta has nine hubs as of January 2018:

Atlanta: The airline's largest hub serving the Southern and Eastern United States and as its main gateway to Latin America and the Caribbean.

Boston: Delta's secondary transatlantic hub. It offers service to destinations in Europe and North America.

Read the full text

Detroit: One of Delta's two Midwest hubs. It is the primary Asian gateway for the Eastern United States and it also provides service to many destinations in the Americas and Europe.

Los Angeles: Delta's secondary hub for the West Coast. It offers service to cities in Latin America, Asia, Australia, Europe, and major domestic cities and West Coast regional destinations.

Minneapolis/St. Paul: One of Delta's two Midwest hubs. It is the primary Canadian gateway for the airline and also serves many American metropolitan destinations, many regional destinations in the upper Midwest, and some select destinations in Europe and Asia.

New York–JFK: Delta's primary transatlantic hub. The hub also offers service on transcontinental "prestige routes" to Los Angeles and San Francisco.

New York–LaGuardia: Delta's second New York hub. Delta's service at LaGuardia covers numerous East Coast U.S. cities and several regional destinations in the U.S. and Canada.

Salt Lake City: Delta's hub for the Rocky Mountain region of the United States. Delta's service covers most major U.S. destinations and several regional destinations in the U.S., emphasizing the Rocky Mountains and select destinations in Canada and Mexico, and select cities in Europe, Hawaii and Asia.

Seattle/Tacoma: Delta's primary West Coast hub. The hub serves as an international gateway to Asia for the Western United States. Delta service also includes many major U.S. destinations as well as regional destinations in the Pacific Northwest.

Alliance and codeshare agreements

Delta is a member of the SkyTeam alliance and has codeshare agreements with the following airlines:

From Wikipedia’s article on Delta Air Lines, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

Divisions

Also owns

Subsidiaries (Exhibit 21)

  • Aero Assurance Ltd. Vermont9
  • DAL Global Technology Hub LLP India9
  • Delta Flight Products, LLC Delaware9
  • Delta Material Services, LLC Delaware9
  • Delta Professional Services, LLC Delaware9
  • Delta Vacations, LLC Minnesota9
  • Endeavor Air, Inc. Georgia9
  • Epsilon Trading, LLC Delaware9
  • MIPC, LLC Delaware9
  • Monroe Energy, LLC Delaware9
  • New Sky, Ltd. Bermuda9
  • SkyMiles Holdings Ltd. Cayman Islands9
  • SkyMiles IP Finance Ltd. Cayman Islands9
  • SkyMiles IP Holdings Ltd. Cayman Islands9
  • SkyMiles IP Ltd. Cayman Islands9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. 2013Acquired Endeavor Air1
  2. 2008Acquired Northwest Airlines1
  3. 1999Atlantic Southeast Airlines became a subsidiary1
  4. Succeeded Chicago and Southern Air Lines1
  5. Succeeded Northeast Airlines1
  6. Succeeded Western Airlines1
  7. Succeeded Comair1
  8. Succeeded Northwest Airlines1

Former names

  • DELTA AIR LINES INC /DE/Feb 14, 1994 to Aug 8, 20197

Timeline

  1. Oct 9, 20268-K Results of operations119
  2. Jul 10, 20268-K Results of operations120
  3. Jun 22, 20268-K Shareholder vote121
  4. Jun 12, 20268-K Entered a material agreement; New debt or obligation122
  5. Apr 8, 20268-K Results of operations123
  6. Mar 17, 20268-K Regulation FD disclosure124
  7. Mar 5, 20268-K Executive or director change125
  8. Feb 13, 20268-K Executive or director change126
  9. Jan 27, 20268-K Entered a material agreement127
  10. Jan 13, 20268-K Entered a material agreement; Results of operations128
  11. Dec 17, 20258-K Executive or director change129
  12. Dec 3, 20258-K Regulation FD disclosure130
  13. 2016New chief executive Ed Bastian becomes CEO1
  14. 2007New chief executive Richard H. Anderson becomes CEO1
  15. 2004New chief executive Gerald Grinstein becomes CEO1
  16. 1997New chief executive Leo F. Mullin becomes CEO1
  17. 1987New chief executive Ronald W. Allen becomes CEO1
  18. 1978New chief executive David C. Garrett, Jr. becomes CEO1
  19. 1971New chief executive W.T. Beebe becomes CEO1
  20. 1970New chief executive Charles H. Dolson becomes CEO1
  21. 1965New chief executive Collett E. Woolman becomes CEO1
  22. Mar 2, 1925Founded Founded in Macon1

Calendar

Coming up

  1. Around Jan 8, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 9, 2026Reported quarterly or annual results119
  2. Jul 10, 2026Reported quarterly or annual results120
  3. Apr 8, 2026Reported quarterly or annual results123
  4. Jan 13, 2026Reported quarterly or annual results128
  5. Oct 9, 2025Reported quarterly or annual results131
  6. Jul 10, 2025Reported quarterly or annual results132
  7. Apr 9, 2025Reported quarterly or annual results133
  8. Jan 10, 2025Reported quarterly or annual results134

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

518 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 72 major events, 293 insider forms, 11 large holders, 121 other. The latest 20:

  1. Oct 9, 202610-Q EDGAR
  2. Oct 9, 20268-K EDGAR
  3. Aug 28, 2026N-PX EDGAR
  4. Aug 14, 202613F-HR EDGAR
  5. Aug 14, 2026SCHEDULE 13G/A EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 6, 20264/A EDGAR
  8. Aug 6, 20264 EDGAR
  9. Aug 6, 2026SCHEDULE 13G EDGAR
  10. Aug 5, 2026144 EDGAR
  11. Aug 5, 2026144 EDGAR
  12. Aug 5, 20264 EDGAR
  13. Aug 5, 20264 EDGAR
  14. Aug 5, 20264 EDGAR
  15. Aug 5, 20264 EDGAR
  16. Aug 4, 2026144 EDGAR
  17. Aug 4, 2026144 EDGAR
  18. Aug 4, 2026144 EDGAR
  19. Aug 3, 2026144 EDGAR
  20. Jul 10, 2026S-3ASR SHELF REGISTRATION STATEMENT EDGAR

The 518 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

102 open-market trades by officers, directors and large owners since October 2021: 14 buys and 88 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 5, 2026HUERTA MICHAEL PDirectorSale3,100$94.11$291.8KForm 4
Aug 5, 2026Sear Steven MEVP - Global Sales & DistribSale40,460$93.55$3.8MForm 4
Aug 4, 2026Carter Peter WPresidentSale39,900$92.98$3.7MForm 4
Aug 4, 2026BELLEMARE ALAINEVP & Pres. - InternationalSale35,000$92.72$3.2MForm 4
Aug 4, 2026Bastian Edward HChief Executive OfficerSale206,510$92.80$19.2MForm 4
Aug 3, 2026DEWALT DAVID GDirectorSale31,756$90.85$2.9MForm 4
May 27, 2026Ausband Allison CEVP & Chief People OfficerSale5,000$80.90$404.5KForm 4
May 27, 2026BELLEMARE ALAINEVP & Pres. - InternationalSale25,000$81.44$2.0MForm 4
May 26, 2026Ausband Allison CEVP & Chief People OfficerSale5,000$79.00$395.0KForm 4
May 22, 2026Ausband Allison CEVP & Chief People OfficerSale9,710$76.00$738.0KForm 4
May 21, 2026Ausband Allison CEVP & Chief People OfficerSale5,000$73.50$367.5KForm 4
May 7, 2026BELLEMARE ALAINEVP & Pres. - InternationalSale20,621$72.75$1.5MForm 4
Apr 14, 2026Laughter John EEVP & Chief of OperationsSale15,000$71.61$1.1MForm 4
Apr 10, 2026Laughter John EEVP & Chief of OperationsSale69,304$68.15$4.7MForm 4
Feb 26, 2026Bastian Edward HChief Executive OfficerSale100,000$70.26$7.0MForm 4
Feb 9, 2026Sear Steven MEVP - Global Sales & DistribSale38,600$75.05$2.9MForm 4
Feb 9, 2026HAUENSTEIN GLEN WPresidentSale137,159$75.27$10.3MForm 4
Feb 9, 2026BELLEMARE ALAINEVP & Pres. - InternationalSale35,212$75.20$2.6MForm 4
Feb 6, 2026HAUENSTEIN GLEN WPresidentSale289,774$72.61$21.0MForm 4
Feb 6, 2026Carter Peter WPresidentSale27,000$74.82$2.0MForm 4

All 102 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Delta Air Lines has told the SEC it owns more than 5% of 5 companies, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Edward H. BastianChief Executive Officer68$1.1M$19.2M145
2025Glen W. HauensteinPresident$750.0K$10.1M145
2025Daniel C. JankiExecutive Vice President & Chief Financial Officer$650.0K$7.5M145
2025Peter W. CarterExecutive Vice President - Chief External Affairs Officer$650.0K$7.1M145
2025Alain M. BellemareExecutive Vice President & President - International$650.0K$6.4M145
2024Edward H. BastianChief Executive Officer68$991.2K$27.1M145
2024Glen W. HauensteinPresident$745.8K$12.5M145
2024Peter W. CarterExecutive Vice President - Chief External Affairs Officer$650.0K$9.0M145
2024Daniel C. JankiExecutive Vice President & Chief Financial Officer$650.0K$8.0M145
2024Alain M. BellemareExecutive Vice President & President - International$650.0K$6.6M145
2023Edward H. BastianChief Executive Officer68$950.0K$34.2M145
2023Glen W. HauensteinPresident$700.0K$19.6M145
2023Peter W. CarterExecutive Vice President - Chief External Affairs Officer$616.7K$13.1M145
2023Daniel C. JankiExecutive Vice President & Chief Financial Officer$650.0K$8.1M145
2023Alain M. BellemareExecutive Vice President & President - International$650.0K$6.7M145

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$9.5B 2008–2026
Figures by year
YearFederal grantsOther federal assistanceFederal contractsTotal
2026––$8.9M$8.9M
2025––$19.2M$19.2M
2024$229.0K–$19.0M$19.3M
2023––$9.3M$9.3M
2022––$26.9M$26.9M
2021$250.0K$3.1B$50.0M$3.1B
2020$390.0K$5.8B$89.5M$5.8B
2019––$86.0M$86.0M
2018––$43.5M$43.5M
2017$956.2K–$37.1M$38.1M
2016––$41.6M$41.6M
2015––$17.9M$17.9M
2014–$728.6K$17.8M$18.5M
2013––$13.1M$13.1M
2012––$27.6M$27.6M
2011––$52.4M$52.4M
2010––$29.1M$29.1M
2009––$42.1M$42.1M
2008––$19.4M$19.4M

Federal awards

Obligated amounts from USAspending.gov146, by calendar year, 2008–2026, for 5 registered units, including subsidiaries under the same parent. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest grants

  1. Sep 1, 2017$956.2K from Federal Emergency Management Agency: Port Security Grant Program147 To MONROE ENERGY, LLC Award EMW-2017-PU-00348
  2. Sep 1, 2020$355.3K from Federal Emergency Management Agency: Port Security Grant Program148 To MONROE ENERGY, LLC Award EMW-2020-PU-00484
  3. Sep 1, 2024$263.8K from Federal Emergency Management Agency: Port Security Grant Program149 To MONROE ENERGY, LLC Award EMW-2024-PU-05506
  4. Sep 1, 2021$250.0K from Federal Emergency Management Agency: Port Security Grant Program150 To MONROE ENERGY, LLC Award EMW-2021-PU-00530

Largest direct payments

  1. $5.6B from Departmental Offices: Coronavirus Relief - Pandemic Relief For Aviation Workers151 To DELTA AIR LINES, INC. Award ACWS0056
  2. $3.3B from Departmental Offices: Coronavirus Relief - Pandemic Relief For Aviation Workers152 To DELTA AIR LINES, INC. Award AWSE0004
  3. $3.1B from Departmental Offices: Coronavirus Relief - Pandemic Relief For Aviation Workers153 To DELTA AIR LINES, INC. Award ATSE0232

Largest contracts

  1. Oct 31, 2017$4.9M from USTRANSCOM: Igf::ot::igf civil reserve air fleet - air transportation services154 To DELTA AIR LINES, INC. Award HTC71118F1267
  2. Aug 20, 2021$4.6M from USTRANSCOM: Civil reserve air fleet - air transportation services155 To DELTA AIR LINES, INC. Award HTC71121F3401
  3. Apr 13, 2020$3.5M from USTRANSCOM: Civil reserve air fleet - air transportation services156 To DELTA AIR LINES, INC. Award HTC71120F2177
  4. May 20, 2019$3.4M from USTRANSCOM: Igf::ot::igf domestic charter - air transportation services157 To DELTA AIR LINES, INC. Award HTC71119F2445
  5. Aug 23, 2021$2.9M from USTRANSCOM: Civil reserve air fleet - air transportation services158 To DELTA AIR LINES, INC. Award HTC71121F3425

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Berkshire Hathaway Inc57,320,000$5.4B1.8%+17,510,544
BlackRock, Inc.45,106,139$4.2B0.1%+981,365
Vanguard Capital Management LLC41,307,000$3.9B0.1%−637,003
Fmr LLC33,187,319$3.1B0.1%+5,683,286
Sanders Capital, LLC29,129,629$2.7B2.7%−337,526
Vanguard Portfolio Management LLC26,329,259$2.5B0.1%−1,053,825
State Street Corp24,129,558$2.3B0.1%+669,444
Capital International Investors20,689,945$1.9B0.4%+119,654
Geode Capital Management, LLC18,511,900$1.8B0.1%+541,325
Primecap Management Co/ca/17,521,167$1.6B1.0%−27,400
Harris Associates L P17,329,926$1.6B2.2%−673,028
Bank of New York Mellon Corp12,627,009$1.2B0.2%+356,768
Morgan Stanley11,722,155$1.1B0.1%−1,682,624
Dimensional Fund Advisors LP9,604,863$899.6M0.2%−434,251
Aqr Capital Management LLC7,859,947$731.7M0.3%−579,195
Jpmorgan Chase & Co6,729,036$626.9M0.0%−635,867
Goldman Sachs Group Inc6,344,026$594.2M0.1%+1,223,185
Newport Trust Company, LLC6,216,343$582.2M1.4%−1,650,077
Northern Trust Corp5,022,282$470.4M0.1%+46,094
Invesco Ltd.5,003,694$468.6M0.0%−1,145,868
Life Cycle Investment Partners Ltd4,797,621$449.3M2.1%−824,813
Charles Schwab Investment Management Inc4,010,551$375.6M0.0%+55,139
Ninety One UK Ltd3,881,580$363.5M0.8%+258,412
Vanguard Fiduciary Trust Co3,651,162$342.0M0.1%−7,721
Gallagher Fiduciary Advisors, LLC3,637,451$340.7M11.2%−201,696

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

32 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−18.2%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+18.4%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−18.4%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+30.1%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000−15.0%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000+54.6%Report
Mar 13, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000−31.6%Report
Jul 23, 2024Morgan McGarveyDemocratic, HouseSale$1,001 - $15,000−33.5%Report
Jun 28, 2024Morgan McGarveyDemocratic, HouseBuy$1,001 - $15,000+17.1%Report
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000−5.2%Report
Jan 31, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000+2.9%Report
Nov 16, 2020Pat Roberts, SenateBuy$1,001 - $15,000−14.5%Report
May 4, 2020Thomas R. SuozziDemocratic, HouseSale$1,001 - $15,000−61.8%Report
Apr 27, 2020Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000−71.2%Report
Apr 22, 2020Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000−58.9%Report
Apr 14, 2020David A Perdue , Jr, SenateSale$1,001 - $15,000−35.2%Report
Apr 14, 2020Kelly Loeffler, SenateSale$50,001 - $100,000−35.2%Report
Apr 7, 2020Kelly Loeffler, SenateBuy$100,001 - $250,000−47.6%Report
Apr 7, 2020Kelly Loeffler, SenateBuy$100,001 - $250,000−47.6%Report
Apr 7, 2020Kelly Loeffler, SenateSale$50,001 - $100,000−47.6%Report
Apr 2, 2020Dean Phillips, HouseSale$1,001 - $15,000−25.8%Report
Mar 20, 2020Kelly Loeffler, SenateBuy$50,001 - $100,000+15.7%Report
Mar 17, 2020Kelly Loeffler, SenateBuy$50,001 - $100,000−67.8%Report
Mar 10, 2020Thomas R. SuozziDemocratic, HouseBuy$1,001 - $15,000−101.8%Report
Feb 27, 2020David A Perdue , Jr, SenateBuy$1,001 - $15,000−103.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Delta Air Lines is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDELTA AIR LINES, INC.2
  • CIK0000027904
  • Employer ID (EIN)58-021854820
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company20
  • Incorporated inDelaware20
  • Fiscal year endsDecember 312
  • Industry code (SIC)4512 Air Transportation, Scheduled2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressHartsfield-Jackson Atlanta Intl Airport, 1030 Delta Boulevard, Atlanta, GA 30354-19892
  • Mailing address1030 Delta Boulevard, Atlanta, GA 30354-19892
  • Phone40471521912
  • Shares outstanding657,912,380 as of Sep 30, 202618
  • Public float$32.1B as of Jun 30, 202520
  • AuditorErnst & Young LLP, Atlanta, Georgia PCAOB ID 42; it also attests to the company’s internal control over financial reporting20
  • On EDGAR sinceJan 27, 19942
  • Filings2,840 in all: 4 (1,264), 8-K (555), SC 13G/A (136), 10-Q (99), 3 (81), 144 (75), 425 (41), SC 13D/A (37)2
    All 74 form types

    SC 13G (33), DEF 14A (31), UPLOAD (31), 10-K (29), 424B5 (25), DEFA14A (25), CORRESP (23), FWP (23), 11-K (21), 4/A (20), 13F-HR (19), 424B2 (17), POS AM (17), S-8 (16), 8-K/A (15), SC 13E3/A (15), S-3ASR (14), 424B3 (13), 5 (12), SC 14D1/A (10), CT ORDER (8), PX14A6G (8), SC 13D (8), 10-K/A (6), 3/A (6), NO ACT (6), S-3 (6), S-8 POS (6), SC TO-C (6), S-4 (5), S-4/A (5), SC TO-I/A (5), SCHEDULE 13G (5), NT 10-Q (4), S-3/A (4), SC 13E3 (4), 10-K405 (3), 10-Q/A (3), 15-12G (3), 8-A12B (3), N-PX (3), PRE 14A (3), SCHEDULE 13G/A (3), T-3 (3), 8-A12B/A (2), CB/A (2), EFFECT (2), SC 14D1 (2), SEC STAFF LETTER (2), 10KT405 (1), 11-KT (1), 144/A (1), CB (1), CERTNYS (1), DEFM14A (1), DEFR14A (1), NT 10-K (1), NT 11-K (1), NTN 11K (1), POSASR (1), RW (1), S-1 (1), S-1/A (1), SC TO-I (1), SCHEDULE 13D/A (1), T-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 11, 2026
    Quarterly report (10-Q) Oct 9, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareDALNew York Stock Exchange

From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).20

Risk factors and legal proceedings

The risks Delta Air Lines names in Item 1A of its 10-K filed Feb 11, 2026: 22 risks under these headings, as written.20

  • We are at risk of losses and adverse publicity stemming from a serious accident involving our aircraft or aircraft of our airline partners.
  • Breaches or lapses in the security of the technology systems we use and rely on could compromise the data stored within them and consequently disrupt our operations, damage our reputation and expose us to liability, any or all of which could have a material adverse effect on our business.
  • Disruptions of our information technology infrastructure could interfere with our operations, possibly having a material adverse effect on our business.
  • Failure of the technology we use to perform effectively could have a material adverse effect on our business.
  • Our business and results of operations are dependent on the price of aircraft fuel. High fuel costs or cost increases, including in the cost of crude oil, could have a material adverse effect on our results of operations.
  • Significant extended disruptions in the supply of aircraft fuel, including from Monroe, could have a material adverse effect on our business and results of operations.
  • Our commercial relationships with airlines in other parts of the world and the investments that we have in certain of those carriers may not produce the results or returns we expect.
  • A significant disruption in, or other problems with respect to, the operations or performance of third parties on which we rely, including third-party carriers, could have a material adverse effect on our business and results of operations.
  • Agreements governing our debt, including our credit facilities and our SkyMiles financing agreements, include financial and other covenants. Certain of these covenants could impose restrictions on our business, and failure to comply with any of the covenants in these agreements could result in events of default.
  • Employee strikes and other labor-related disruptions may have a material adverse effect on our operations.
  • Our results can fluctuate due to seasonality and other factors.
  • An environmental or other incident associated with the operation of the Monroe refinery could have a material adverse effect on our consolidated financial results if insurance is unable to cover a significant liability. In addition, such an incident could damage our reputation.
The other 10 risks
  • The operation of the refinery by Monroe is subject to significant environmental regulation. Failure to comply with environmental regulations or the enactment of additional regulation applicable to Monroe could have a material adverse effect on our consolidated financial results.
  • Significant damage to our reputation and brand, including as a result of significant adverse publicity or inability to achieve certain sustainability goals, could materially adversely affect our business and financial results.
  • If we lose senior management and other key employees and they are not replaced by individuals with comparable skills, or we otherwise fail to maintain our company culture, our business and results of operations could be materially adversely affected.
  • Disease outbreaks or other public health threats, and measures implemented to combat them have had, and may in the future have, a material adverse effect on our business.
  • Terrorist attacks, geopolitical conflict or security events may adversely affect our business, financial condition and results of operations.
  • The global airline industry is highly competitive and, if we cannot successfully compete in the marketplace, our business, financial condition and results of operations will be materially adversely affected.
  • Extended interruptions or disruptions in service at major airports in which we operate or significant problems associated with a type of aircraft or engine we operate could have a material adverse effect on our financial condition and results of operations.
  • The airline industry is subject to extensive regulatory and legal compliance requirements, which is costly and could materially adversely affect our business.
  • The airline industry is subject to many forms of environmental regulation, including but not limited to regulation of hazardous substances, increased regulation to reduce emissions and other risks associated with climate change. The cost of compliance with more stringent environmental regulations, failure to comply with existing or future regulations or failure to otherwise manage the risks of climate change effectively could have a material adverse effect on our business.
  • Because of the global nature of our business, unfavorable economic or political conditions in the markets in which we operate or volatility in currency exchange rates could have a material adverse effect on our business, financial condition and results of operations.

Legal proceedings

Capacity Antitrust Litigation

In July 2015, a number of purported class action antitrust lawsuits were filed alleging that Delta, American, United and Southwest had conspired to restrain capacity. The lawsuits were filed in the wake of media reports that the U.S. Department of Justice had served civil investigative demands upon these carriers seeking documents and information relating to this subject. The lawsuits have been consolidated into a single Multi-District Litigation proceeding in the U.S. District Court for the District of Columbia. In August 2023, the Court denied the defendants' motions for summary judgment that had been pending for over two years. In Fall 2023, we moved to certify the decision for an interlocutory appeal or for reconsideration, and in September 2025, the Court denied that motion in a brief decision. The case will proceed to class discovery. We believe the claims in these cases are without merit and are vigorously defending these lawsuits.

The opening of Item 3, Legal Proceedings.20

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