DAL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $84.09
Market Cap (MRQ) $56.00B
P/E (TTM) 14.0
EPS (TTM) $6.02
Revenue (TTM) $68.29B
Div Yield 0.79%
ROE (TTM) 20.1%
Debt/Equity (MRQ) 0.6
52W Range $55–$96

DAL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

About Delta Air Lines, Inc. Common Stock Company overview from Wikipedia

05 · wikidata

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.

Delta is one of the oldest still-operating commercial airlines in the U.S, having commenced passenger operations in 1929. At the turn of the 21st century it was a founding member of SkyTeam, an airline alliance. The airline ranks first in revenue and brand value among the world's largest airlines, and second by number of passengers carried and passenger miles flown.

History

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.

Network

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.

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.

Delta Connection

Alliance and codeshare agreements

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

Fleet

Cabin

Delta underwent a cabin branding upgrade in 2015. Availability and exact details vary by route and aircraft type.

Delta One

Delta One is the airline's premier business class product, available on long-haul international flights, as well as transcontinental service from New York–Kennedy to Los Angeles and San Francisco.

Delta One features lie-flat seating on all aircraft types and direct aisle access from every seat on all types except the Boeing 757-200 (in which only a special sub-fleet of approximately 20 aircraft feature lie-flats) and in their 'type 35L' ex-LATAM A350s (which use a 2-2-2 layout). The Boeing 767-300ER seats, designed by James Thompson, feature a space-saving design whereby the seats are staggered such that when in the fully flat position, the foot of each bed extends under the armrests of the seat in front of it. On the Airbus A330 cabins, Delta One features the Cirrus flat-bed sleeper suite by Zodiac Seats U.S., configured in a reverse herringbone pattern.

All seats are also equipped with a personal, on-demand in-flight-entertainment (IFE) system, universal power-ports, a movable reading light, and a folding work table. Passengers also receive meals, alcoholic beverages, an amenity kit, bedding, and pre-flight Delta Sky Club access.

In August 2016, Delta announced the introduction of Delta One Suites on select widebody fleets. The suites will feature a door to the aisle for enhanced privacy, as well as improved storage space, a larger IFE screen, and an updated design. The suites rolled out on the Airbus A350 fleet, first delivered in July 2017, followed by installation within the Boeing 777 fleet. Delta's Airbus A330-900, which began revenue service for the airline in July 2019, also features Delta One Suites. Also in July 2019, Delta began retrofitting a new seat on the 767-400ER, which featured increased privacy and design similar to Delta One Suites, though without a privacy door. These seats lack a door due to the 767's smaller cabin width.

First Class

First Class is offered on mainline domestic flights (except those featuring Delta One service), select short- and medium-haul international flights, and Delta Connection aircraft. Seats range from 18.5 to 20.75 inches (47.0 to 52.7 cm) wide and have between 37 and 40 inches (94 and 102 cm) of pitch. Passengers in this class receive a wider variety of free snacks compared to Main Cabin, as well as free drinks and alcohol, and full meal service on flights 900 miles (1,400 km) and longer. Certain aircraft also feature power ports at each seat and free entertainment products from Delta Studio. First Class passengers are also eligible for priority boarding.

Premium Select

In April 2016, Delta CEO Ed Bastian announced that a new Premium Economy cabin would be added. Since renamed to Premium Select, this cabin will feature extra legroom; adjustable leg rests; extra seat pitch, width, and recline; and a new premium service. Delta introduced it on its new Airbus A350, first delivered in fall 2017, to be followed by the now-retired Boeing 777. In October 2018, Delta announced that it would be selling first class seats on domestically configured Boeing 757 aircraft flying transatlantic routes as Premium Select. Delta's A330-900, delivered in 2019, also offers Premium Select. In 2021, Delta began retrofitting many of its 767-300ER and older A330 aircraft with Premium Select.

Delta Comfort+

Delta Comfort+ seats are installed on all aircraft and feature 34–36 inches (860–910 mm) of pitch; on all Delta One configured aircraft, 35–36 inches (890–910 mm) of pitch and 50 percent more recline over standard Main Cabin seats. Additional amenities include: priority boarding, dedicated overhead space, complimentary beer, wine, and spirits on flights 250 miles (400 km) or more, and complimentary premium snacks on flights 900 miles (1,400 km) or more. Complimentary premium entertainment is available via Delta Studio, with free headsets available on most flights. On transcontinental flights between JFK-LAX/SFO, Delta Comfort+ passengers also get Luvo snack wraps. Certain Medallion members can upgrade from Main Cabin to Comfort+ for free right after booking, while other customers can upgrade for a fee or with SkyMiles.

Main Cabin

Main Cabin (Economy Class) is available on all aircraft with seats ranging from 17 to 18.6 inches (43 to 47 cm) wide and 30 to 33 inches (76 to 84 cm) of pitch. The main cabin on some aircraft has an articulating seat bottom where the seat bottom moves forward in addition to the seat back tilting backwards when reclining.

Main Cabin passengers receive complimentary snacks and non-alcoholic drinks on all flights 250 miles (400 km) or longer. Alcoholic beverages are also available for purchase. Complimentary meals and alcoholic drinks are provided on long-haul international flights as well as selected transcontinental domestic flights, such as between New York–JFK and Seattle, San Francisco, Los Angeles, and San Diego. As part of Delta's Flight Fuel buy on board program, meals are available for purchase on other North American flights 900 miles (1,400 km) or longer.

Delta operated a different buy-on-board program between 2003 and 2005. The previous program had items from differing providers, depending on the origin and destination of the flight. Prices ranged up to $10 ($17.05 when adjusted for inflation). The airline started the service on a few selected flights in July 2003, and the meal service was initially offered on 400 flights. Delta ended this buy-on-board program in 2005; instead, Delta began offering snacks at no extra charge on flights over 90 minutes to most U.S. domestic flights and some flights to the Caribbean and Latin America. Beginning in mid-March 2005 the airline planned to stop providing pillows on flights within the 48 contiguous U.S. states, Bermuda, Canada, the Caribbean, and Central America. In addition, the airline increased the price of alcoholic beverages on Delta mainline flights from $4 ($6.59 when adjusted for inflation) to $5 ($8.24 when adjusted for inflation); the increase in alcohol prices did not occur on Song flights.

Basic Economy

Basic Economy is a basic version of Main Cabin, offering the same services with fewer flexibility options for a lower price. Examples of fewer flexibility options include no ticket changes, no paid or complimentary upgrades regardless of frequent-flier status, and only having a seat assigned at check-in. As of December 2021, Basic Economy travelers no longer earn award miles (used for redeeming free travel, for example) or medallion qualifying miles (which count towards elite status).

Reward programs

SkyMiles

SkyMiles is the frequent flyer program for Delta Air Lines. Miles do not expire but accounts may be deactivated by Delta in certain cases, such as the death of a program member or fraudulent activity.

As part of its efforts to improve customer experience, Delta introduced several service upgrades in 2025. These included free Wi-Fi access for SkyMiles members on most domestic flights, expanded Delta Sky Club lounge facilities, and new premium dining options featuring branded offerings such as Shake Shack.

Delta Sky Club

Delta Sky Club is the branding name of Delta's airport lounges. Membership is available through an annual membership that can be purchased with either money or miles. International passengers travelling in Delta One class get free access. Membership can also be granted through top-level Delta status or by being an American Express cardholder with certain exceptions. As of January 2019, Delta no longer offered single-day passes.

Originally, Delta's membership-based airport clubs were called Crown Room lounges, with Northwest's called WorldClubs.

Exclusive Delta One Clubs for customers travelling in business class are slated to open at New York–Kennedy, Los Angeles, and Boston in 2024.

In February 2024, Delta announced a new, more exclusive or premium level of Sky Club lounge aimed at high-spending travellers. The first would be at New York's John F. Kennedy International Airport, followed by those in Boston's Logan International Airport and Los Angeles International Airport later in the year. In addition to wellness areas, the lounge would offer a full-service brasserie and a marketplace influenced or assisted by a chef that would feature an open kitchen. The move represented a shift away from a standard offering to something closer to a unique experience for each airport and the city in which the lounge was located.

SkyBonus

On November 27, 2001, Delta Air Lines launched SkyBonus, a program aimed toward small-to-medium businesses spending between $5,000 and $500,000 annually on air travel. Businesses can earn points toward free travel and upgrades, as well as Sky Club memberships and SkyMiles Silver Medallion status. Points are earned on paid travel based on various fare amounts paid, booking codes, and place origin or destination. While enrolled businesses are able to earn points toward free travel, the travelling passenger is still eligible to earn SkyMiles during their travel.

In early 2010, Delta Air Lines merged its SkyBonus program with Northwest's similar Biz Perks program.

Corporate affairs

Business trends

The key trends for Delta Air Lines are (as of the financial year ending December 31):

Personnel

Between its mainline operation and subsidiaries, and as of December 2024, Delta employs nearly 103,000 people.

Delta's 17,500 mainline pilots are represented by the Air Line Pilots Association, International and are the union's second largest pilot group. The company's approximately 180 flight dispatchers are represented by the Professional Airline Flight Control Association (PAFCA). Not counting the pilots and flight dispatchers, Delta is the only one of the five largest airlines in the United States, and one of only two in the top 9 (the other being JetBlue), whose non-pilot USA domestic staff is entirely non-union.

Delta Global Staffing

Delta Global Staffing (DGS) was a temporary employment firm located in Atlanta, Georgia. Delta Global Staffing was a wholly owned subsidiary of Delta Air Lines, Inc., and a division of the internal company DAL Global Services.

Delta Air Lines sold majority ownership of DAL Global Services to Argenbright Holdings on December 21, 2018. As part of the sale, Delta dissolved the staffing division of DGS.

It was founded in 1995 as a provider of temporary staffing for Delta primarily in Atlanta. DGS has since expanded to include customers and businesses outside the airline and aviation industries. DGS now supports customers in major US metropolitan areas.

Delta Global Staffing provided contract workers for short and long term assignments, VMS partnering, VOP on-site management, temp-to-hire, direct placements, and payroll services. DGS services markets such as call centers, customer services and administrative placements, IT & professional recruiting, logistics, finance & accounting, hospitality, and aviation/airline industry.

Headquarters and offices

Delta's corporate headquarters is located on a corporate campus on the northern boundary of Hartsfield–Jackson Atlanta International Airport, within the city limits of Atlanta. This location has served as Delta's headquarters since 1941, when the company relocated its corporate offices from Monroe, Louisiana, to Greater Atlanta. The crop dusting division of Delta remained headquartered in Monroe until Delta ceased crop dusting in 1966. Before 1981, the Delta corporate campus, an 80-acre (32 ha) plot of land in proximity to the old Hartsfield Airport terminal, was outside the City of Atlanta limits in unincorporated Fulton County. On August 3, 1981, the Atlanta City Council approved the annexation of 141 acres (57 ha) of land, an area containing the Delta headquarters. As of 1981 Delta would have had to begin paying $200,000 annually to the City of Atlanta in taxes. In September 1981, the airline sued the city, challenging the annexation on the basis of the constitutionality of the 1960 City of Atlanta annexation of the Hartsfield old terminal. The City of Atlanta was only permitted to annex areas that are adjacent to areas already in the Atlanta city limits.

In addition to hosting Delta's corporate headquarters, Hartsfield–Jackson is also the home of Delta TechOps, the airline's primary maintenance, repair, and overhaul arm and the largest full-service airline MRO in North America, specializing in engines, components, airframe, and line maintenance.

Delta maintains a large presence in the Twin Cities, with over 12,000 employees in the region as well as significant corporate support functions housed in the Minneapolis area, including the company's information technology divisional offices.

Corporate identity

Delta's logo, often called the "widget", was originally unveiled in 1959. Its triangle shape is taken from the Greek letter delta, and recalls the airline's early history operating in the Mississippi Delta. It is also said to be reminiscent of the swept-wing design of the DC-8, Delta's first jet aircraft.

Delta's current livery is called "Upward & Onward". It features a white fuselage with the company's name in blue lettering and a widget on the vertical stabilizer. Delta introduced its current livery in 2007 as part of a re-branding after it emerged from bankruptcy. The new livery consists of four colors, while the old one (called "colors in motion") uses eight. This meant the switch saved the airline money by removing one day from each aircraft's painting cycle. The airline took four years to repaint all of its aircraft into the current scheme, including aircraft inherited from Northwest Airlines.

Environmental initiatives

In 2008, Delta Air Lines was given an award from the United States Environmental Protection Agency's Design for the Environment (DfE) program for its use of PreKote, a more environmentally friendly, non-hexavalent chromium surface pretreatment on its aircraft, replacing hazardous chemicals formerly used to improve paint adhesion and prevent corrosion. In addition, PreKote reduces water usage by two-thirds and reduces wastewater treatment.

PreKote is also saving money by reducing the time needed to paint each airplane. With time savings of eight to ten percent, it will save an estimated more than $1 million annually.

Despite having purchased 9.7 millionmetric tonnes of carbon offsets in 2022, Delta was in the process of moving away from such investments to reduce the company's carbon footprint by the end of March of that year and was instead focusing on reducing emissions from company operations. In May 2023, Delta Air Lines received a consumer class action lawsuit filed in Central California U.S. District Court over marketing claims that the company is the world's first carbon neutral airline.

In popular culture

Deltalina

As part of the re-branding project, a safety video featuring a flight attendant was posted on YouTube in early 2008, getting over 1 million views and the attention of news outlets, specifically for the video's tone mixed with the serious safety message. The flight attendant, Katherine Lee, was dubbed "Deltalina" by a member of FlyerTalk for her resemblance to Angelina Jolie. Delta had considered several styles for its current safety video, including animation, before opting for a video presenting a flight attendant speaking to the audience. The video was filmed on a former Song Airlines Boeing 757-200.

On-time performance

In 2023, Delta flights arrived at their destination on time 84.72% of the time, compared to the North American industry average of 74.45% per Cirium. Delta completed 98.82% of its scheduled flights.

Award and recognition

On June 24, 2024, Delta Air Lines was voted 2024 Best Airline in North America and Best Airline Staff Service in North America by Skytrax.

Accidents and incidents

The following are major accidents and incidents that occurred on Delta mainline aircraft. For Northwest Airlines incidents, see Northwest Airlines accidents and incidents. For Delta Connection incidents, see Delta Connection incidents and accidents.

All told, in 14 fatal accidents involving at least one death, 299 passengers and crew died, 11 on two other aircraft died (in two collision accidents), and 16 people on the ground died (in four accidents).

Controversies and passenger incidents

In July 2024, Delta canceled over 7,000 flights during a disruption following the 2024 CrowdStrike incident. The incident closely resembled the 2022 Southwest Airlines scheduling crisis, in which the airline canceled thousands of flights. On Tuesday July 23, 2024, United States secretary of transportation, Pete Buttigieg, announced the Department of Transportation would be launching an investigation into the events that prevented Delta Air Lines from swiftly recovering, as other airlines had. Over the course of the event over 500,000 passengers were inconvenienced, according to Delta CEO Ed Bastian, and over 3,000 complaints had been lodged with the government according to the Department of Transportation.

Delta has claimed to have lost $500 million due to the outages and associated costs. The airline has hired David Boies in preparation for litigation against Microsoft and CrowdStrike. The conflict led to an ongoing legal dispute in Delta Air Lines v. Crowdstrike.

Litigation

Delta Air Lines v. CrowdStrike is a legal dispute stemming from a massive global outage on July 19, 2024, caused by a faulty software update from CrowdStrike, which crashed Microsoft Windows systems worldwide and disrupted critical industries, including air travel. Delta was the hardest-hit airline, with over 7,000 canceled flights, losses estimated at $550 million, and significant operational setbacks due to failures in crew-tracking and outdated IT systems. Delta sued CrowdStrike for gross negligence, fraud, and computer trespass, claiming the update was deployed without proper testing and without authorization despite Delta opting out of automatic updates. CrowdStrike denied wrongdoing, citing contract terms that limit its liability and blaming Delta's legacy systems for the extended recovery time. A Georgia court allowed Delta to proceed with several claims, though potential damages may be capped under the service agreement's liability limits.

Safety and aircraft maintenance

In April 2025, two Delta Air Lines flights experienced incidents in which ceiling panels detached mid-flight, injuring at least one passenger. The events occurred on a Boeing 757 and a Boeing 717, prompting scrutiny of Delta's maintenance practices and the condition of its older aircraft. Emergency personnel assessed the injured upon landing.

That same month, three Delta flights made emergency landings within five days due to cabin pressurization issues. The aircraft either diverted or returned to their departure airports, with crews following established emergency protocols. Although no serious injuries were reported, the incidents raised concerns about the airline's operational oversight. Delta stated that it provided accommodations for affected passengers and reaffirmed its focus on safety.

Jet fuel dumping over Los Angeles

On January 14, 2020, Delta Air Lines Flight 89, a Boeing 777-200 to Shanghai, returned to Los Angeles International Airport shortly after takeoff due to engine trouble. To reach a safe landing weight, the crew released about 15,000 gallons of jet fuel over southeastern Los Angeles County, including schoolyards.

About 60 children and teachers at Park Avenue Elementary School in Cudahy were treated for minor skin and lung irritation after being exposed to the fuel. Teachers and residents later filed a class-action lawsuit, alleging the pilots acted negligently by dumping fuel at a low altitude over populated areas instead of over the ocean or at higher altitude.

In August 2025, Delta agreed to a $79 million settlement, pending court approval. The airline did not admit liability, stating that the pilots had followed Federal Aviation Administration guidance and that the settlement was intended to avoid the costs of a trial. After legal fees, $51 million compensation will be distributed to an estimated 13,000 residents and property owners.

Toxic fume events

After a surge in toxic fume events that have caused health problems for passengers and crew, Delta started replacing auxiliary power units on its aircraft. The Wall Street Journal reported that these incidents, which have led to emergency diversions and illnesses including brain injuries, were particularly concentrated on Delta's fleet.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorIndustrials industryAirlines employees103,000 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$63.36B
2023-12-31 → 2025-12-31
EPS$7.66
2023-12-31 → 2025-12-31
Free Cash Flow$3.84B
2023-12-31 → 2025-12-31
Net margin5.8%
2023-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend DAL 5Y avg Peer Median Verdict
P/E (TTM) 14.0 · 15.6 Fair value
P/S (TTM) 0.8 · 0.7 Overvalued
P/B (MRQ) 2.6 · 2.8 Fair value
EV / EBITDA 7.9 · 8.1 Undervalued
Price / FCF 14.6 · · ·
Price / Cash Flow 6.7 · 4.5 Overvalued
EV / Revenue 1.0 · · ·
EV / FCF 16.9 · · ·
Price / Tangible Book (MRQ) 3.5 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield0.79%
Payout Ratio8.8%
Annualized Payout≈$0.86Paid quarterly
Growth Streak≈1Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Jul 9, 2026$0.22USD≈1.1%
May 14, 2026$0.19USD≈1.1%
Feb 26, 2026$0.19USD≈1.2%
Oct 16, 2025$0.19USD≈1.1%
Jul 31, 2025$0.19USD≈1.2%
May 13, 2025$0.15USD≈1.1%
Feb 27, 2025$0.15USD≈0.92%
Oct 10, 2024$0.15USD≈0.99%
Jul 30, 2024$0.15USD≈1.0%
May 13, 2024$0.10USD≈0.75%
Feb 23, 2024$0.10USD≈0.72%
Oct 11, 2023$0.10USD≈0.56%
Jul 14, 2023$0.10USD≈0.22%
Feb 19, 2020$0.40USD≈2.7%
Oct 23, 2019$0.40USD≈2.8%
Jul 24, 2019$0.40USD≈2.3%
May 1, 2019$0.35USD≈2.4%
Feb 28, 2019$0.35USD≈2.7%
Nov 6, 2018$0.35USD≈2.4%
Jul 25, 2018$0.35USD≈2.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 5.5%
Next Report Oct 09, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 9, 2026 $1.56 $1.49 4.4%
March 31, 2026 $0.64 $0.58 10.7%
Dec. 31, 2025 $1.55 $1.54 0.51%
Sept. 30, 2025 $1.71 $1.55 10.5%
June 30, 2025 $2.10 $2.07 1.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 13
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $63.36B$61.64B$58.05B$50.58B$29.90B$17.09B$47.01B$44.44B$41.14B$39.64B$40.70B$40.36B
Operating Expenses $57.54B$55.65B$52.53B$46.92B$28.01B$29.56B$40.39B$39.17B$35.17B$32.45B$32.90B$38.16B
Operating Income $5.82B$6.00B$5.52B$3.66B$1.89B$-12.47B$6.62B$5.26B$5.97B$7.00B$7.80B$2.21B
Interest Expense ········$396M$388M$481M$650M
Other Non-op $-144M$-232M$-279M$165M$-397M$137M$-111M$220M$-70M$-255M$-164M$-484M
Pretax Income $6.18B$4.66B$5.61B$1.91B$398M$-15.59B$6.20B$5.15B$5.50B$6.35B$7.16B$1.07B
Income Tax $1.18B$1.20B$999M$596M$118M$-3.20B$1.43B$1.22B$2.29B$2.16B$2.63B$413M
Net Income $5.00B$3.46B$4.61B$1.32B$280M$-12.38B$4.77B$3.94B$3.21B$4.20B$4.53B$659M
EPS (Basic) $7.72$5.39$7.21$2.07$0.44$-19.49$7.32$5.69$4.45$5.59$5.68$0.79
EPS (Diluted) $7.66$5.33$7.17$2.06$0.44$-19.49$7.30$5.67$4.43$5.55$5.63$0.78
Shares (Basic) 648,000,000641,000,000639,000,000638,000,000636,000,000636,000,000651,000,000691,000,000720,000,000751,000,000797,000,000836,000,000
Shares (Diluted) 654,000,000648,000,000643,000,000641,000,000641,000,000636,000,000653,000,000694,000,000723,000,000755,000,000804,000,000845,000,000
EBITDA $8.27B$8.51B$7.86B$5.77B$3.88B$-10.16B$9.20B$7.59B$8.35B·$9.64B$2.21B
Balance Sheet 25
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $4.31B$3.07B$2.74B$3.27B$7.93B$8.31B$2.88B$1.56B$1.81B$2.76B$1.97B$2.09B
Short-term Investments ·$0$1.13B$3.27B$3.39B$5.79B$0$203M$825M$487M$1.47B$1.22B
Receivables $2.85B$3.22B$3.13B$3.18B$2.40B$1.40B$2.85B$2.31B$2.38B$2.06B$2.02B$2.30B
Prepaid Expense $2.21B$2.12B$1.96B$1.88B$1.12B$1.18B$1.26B$1.41B$1.46B$1.25B$915M$701M
Current Assets $10.97B$9.84B$10.27B$13.01B$15.94B$17.40B$8.25B$6.34B$7.80B$7.45B$9.06B$9.16B
PP&E (Net) ·······$28.34B$26.56B$24.38B$23.04B$21.93B
Accum. Depreciation ·······$15.82B$14.10B$12.46B$10.87B$9.34B
Goodwill $9.75B$9.75B$9.75B$9.75B$9.75B$9.75B$9.78B$9.78B$9.79B$9.79B$9.79B$9.79B
Intangibles $5.97B$5.97B$5.98B$5.99B$6.00B$6.01B$5.16B$4.83B$4.85B$4.84B$4.86B$4.60B
Other Non-current Assets $4.42B$2.71B$1.69B$1.26B$1.77B$1.36B$1.08B$3.85B$3.31B$1.73B$1.43B$926M
Total Assets $81.32B$75.37B$73.64B$72.29B$72.46B$72.00B$64.53B$60.27B$53.67B$51.85B$53.13B$54.01B
Accounts Payable $5.23B$4.65B$4.45B$5.11B$4.24B$2.84B$3.27B$2.98B$3.63B$2.57B$2.74B$2.62B
Current Liabilities $27.62B$26.67B$26.42B$25.94B$20.97B$15.93B$20.20B$18.58B$18.96B$15.24B$17.53B$16.85B
Capital Leases $5.35B$5.81B$6.47B$6.87B$7.06B$5.71B$5.29B$5.80B$0$202M$235M$291M
Deferred Tax $3.44B$2.18B$908M$24M·$0$1.46B$163M····
Other Non-current Liabilities $3.99B$3.74B$3.56B$4.05B$4.40B$4.86B$1.39B$969M$2.22B$1.88B$1.89B$2.13B
Long-term Debt $13.31B$15.35B$18.61B$21.38B$25.08B$27.97B$10.11B$9.37B$8.44B$7.01B$7.95B$9.26B
Total Debt $13.31B$15.35B$18.61B$21.38B$25.08B$27.97B$10.11B$9.37B$8.44B·$7.95B$9.38B
Common Stock $0$0$0$0$0$0$0$0$0$0$0$0
Retained Earnings $13.34B$8.78B$5.65B$1.17B$-148M$-428M$12.45B$10.04B$8.26B$7.90B$5.56B$3.46B
Treasury Stock $238M$251M$341M$313M$282M$259M$236M$198M$158M$274M$373M$313M
AOCI $-4.13B$-4.98B$-5.84B$-5.80B$-7.13B$-9.04B$-7.99B$-7.83B$-7.62B$-7.64B$-7.28B$-7.31B
Stockholders' Equity $20.85B$15.29B$11.11B$6.58B$3.89B$1.53B$15.36B$13.69B$12.53B$11.28B$10.85B$8.81B
Liabilities + Equity $81.32B$75.37B$73.64B$72.29B$72.46B$72.00B$64.53B$60.27B$53.67B$51.26B$53.13B$54.01B
Shares Outstanding 660,000,000655,000,000655,000,000652,000,000650,000,000647,000,000652,000,000·····
Cash Flow 18
Metric Trend 202520242023202220212020201920182017201620152014
D&A $2.44B$2.51B$2.34B$2.11B$2.00B$2.31B$2.58B$2.33B$2.22B$1.89B$1.83B$1.77B
Stock-based Comp ······$161M$159M$169M$154M$76M$81M
Deferred Tax $1.11B$1.16B$980M$591M$115M$-3.11B$1.47B$1.36B$2.24B$2.12B$2.58B$414M
Amort. of Intangibles $8M$9M$9M$9M$10M$10M$11M$17M$17M$17M$18M$55M
Restructuring ···$-124M$-19M$8.22B$0$0$7M$10M··
Other Non-cash $-215M$900M$-1.47B$2.35B$871M$9.39B$-557M$-773M$-2.84B·$-1.09B·
Operating Cash Flow $8.34B$8.03B$6.46B$6.36B$3.26B$-3.79B$8.43B$7.01B$5.02B$7.21B$7.93B$4.95B
CapEx $4.50B$5.14B$5.32B$6.37B$3.25B$1.90B$4.94B$5.17B$3.89B$3.39B$2.94B$2.25B
Investing Cash Flow $-4.19B$-3.74B$-3.15B$-6.92B$-898M$-9.24B$-4.56B$-4.39B$-5.27B$-2.15B$-3.96B$-2.46B
Debt Issued $2.21B$0$878M$0$1.90B$22.79B$2.06B$3.75B$2.45B$450M$1.04B$1.02B
Net Debt Issued $2.21B$0$878M$0$1.90B$22.79B$2.06B$3.75B$2.45B·$1.04B$1.02B
Stock Repurchased ···$0$0$344M$2.03B$1.57B$1.68B$2.60B$2.20B$1.10B
Net Stock Activity ···$0$0$-344M$-2.03B$-1.57B$-1.68B·$-2.20B$-1.10B
Dividends Paid $440M$321M$128M$0$0$260M$980M$909M$731M$509M$359M$251M
Financing Cash Flow $-3.08B$-4.26B$-3.39B$-4.54B$-3.85B$19.36B$-2.88B$-1.73B$-730M$-4.26B$-4.09B$-3.24B
Net Change in Cash $1.08B$26M$-78M$-5.10B$-1.49B$6.33B$982M$895M$-973M$800M$-116M$-756M
Free Cash Flow $3.84B$2.88B$1.14B$-3M$17M$-5.69B$3.49B$1.85B$1.26B·$4.98B$2.70B
Levered FCF ········$1.01B·$4.68B$2.30B
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 9.2%9.7%9.5%7.2%6.3%-72.9%14.1%-1692.6%14.8%·19.2%5.5%
Net Margin 7.9%5.6%7.9%2.6%0.94%-72.5%10.1%-1265.3%8.7%·11.1%1.6%
Pretax Margin 9.8%7.6%9.7%3.8%1.3%-91.2%13.2%-1656.3%13.8%·17.6%2.7%
EBITDA Margin 13.0%13.8%13.5%11.4%13.0%-59.4%19.6%-2441.5%20.2%·23.7%5.5%
ROA 6.3%4.6%6.3%1.8%0.39%-16.4%7.5%6.6%6.8%·8.5%1.2%
ROE 26.1%23.9%45.3%23.6%8.6%-506.4%31.3%29.0%28.4%·46.0%6.4%
ROIC 13.8%14.5%15.3%9.0%4.6%-33.6%20.0%17.4%17.2%·26.2%7.4%
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 0.40.40.40.50.81.10.40.30.4·0.50.7
Quick Ratio 0.30.20.30.40.71.00.30.20.3·0.30.3
Debt / Equity 0.61.01.73.26.518.20.70.70.6·0.71.1
LT Debt / Equity 0.60.91.42.96.117.30.50.60.5·0.60.9
Interest Coverage ········15.4·16.23.4
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.80.80.80.70.40.20.7-0.00.8·0.80.8
Receivables Turnover 20.919.418.418.115.78.018.2-0.118.6·18.920.7
Per Share 6
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $31.60$23.35$16.95$10.10········
Revenue / Share $96.89$95.13$90.28$78.91$46.64$26.88$71.99$-0.45$57.05·$50.63$47.77
Cash Flow / Share $12.76$12.38$10.05$9.93$5.09$-5.96$12.90$10.11$7.12·$9.86$5.85
Cash / Share $6.53$4.69$4.18$5.01········
Dividend / Share $0.68$0.50$0.20$0.00$0.00$0.40$1.51$1.31$1.02$0.68$0.45$0.30
EPS (TTM) $7.66$5.33$7.17$2.06$0.44$-19.49$7.30$5.67$4.43$5.55$5.63$0.78
Growth Rates 8
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 2.8%6.2%14.8%69.2%74.9%·······
Revenue CAGR 3Y 7.8%27.3%50.3%·········
Revenue CAGR 5Y 30.0%···········
EPS YoY 43.7%-25.7%248.1%368.2%········
EPS CAGR 3Y 54.9%129.7%··········
Net Income YoY 44.8%-25.0%249.7%370.7%········
Net Income CAGR 3Y 56.0%131.1%··········
Dividends Paid CAGR 5Y 11.1%···········
Valuation (TTM) 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $63.36B$61.64B$58.05B$50.58B$29.90B$17.09B$47.01B$44.44B$41.14B$39.64B$40.70B$40.36B
Net Income TTM $5.00B$3.46B$4.61B$1.32B$280M$-12.38B$4.77B$3.94B$3.21B$4.20B$4.53B$659M
Market Cap $45.80B$39.63B$26.35B$21.42B········
Enterprise Value $54.80B$51.91B$41.09B$36.27B········
P/E 9.111.45.616.088.8-2.18.08.812.68.99.063.1
P/S 0.70.60.50.4········
P/B 2.22.62.43.3········
P / Tangible Book 8.9···········
P / Cash Flow 5.54.94.13.4········
P / FCF 11.913.723.1-7141.6········
EV / EBITDA 6.66.15.26.3········
EV / FCF 14.318.036.0-12090.6········
EV / Revenue 0.90.80.70.7········
Dividend Yield 0.96%0.81%0.49%0.00%········
Earnings Yield 11.0%8.8%17.8%6.3%1.1%-48.5%12.5%11.4%7.9%11.3%11.1%1.6%
Payout Ratio 8.8%9.3%2.8%0.00%0.00%-2.1%20.6%23.1%20.4%·7.9%38.1%
Annual Payout $440M$321M$128M$0$0$260M$980M$909M$731M$509M$359M$251M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $63.36B · · $61.64B ·
Operating Margin % 9.2% · · 9.7% ·
Net Income $5.00B · · $3.46B ·
Diluted EPS $7.66 · · $5.33 ·

Institutional owners (13F) 1,665 filers · $62.0B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,665
Value held $62.0B
New positions 297
Exited positions 107
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
297 (+75 vs prior Q) 107 (-29 vs prior Q) 530 (-42 vs prior Q) 522 (+107 vs prior Q) -12.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Berkshire Hathaway Inc $5,368,591,200 57,320,000 8.66% Shares
VANGUARD GROUP INC $5,173,927,152 74,552,264 8.35% Shares
BlackRock, Inc. $4,224,641,007 45,106,139 6.82% Shares
VANGUARD CAPITAL MANAGEMENT LLC $3,868,813,620 41,307,000 6.24% Shares
FMR LLC $3,108,324,364 33,187,319 5.02% Shares
Sanders Capital, LLC $2,728,281,052 29,129,629 4.40% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,465,998,398 26,329,259 3.98% Shares
STATE STREET CORP $2,259,974,402 24,129,558 3.65% Shares
Capital International Investors $1,937,794,094 20,689,945 3.13% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,751,417,411 18,511,900 2.83% Shares
PRIMECAP MANAGEMENT CO/CA/ $1,641,032,503 17,521,167 2.65% Shares
HARRIS ASSOCIATES L P $1,623,120,856 17,329,926 2.62% Shares
Bank of New York Mellon Corp $1,182,645,693 12,627,009 1.91% Shares
MORGAN STANLEY $1,097,897,266 11,722,155 1.77% Shares
DIMENSIONAL FUND ADVISORS LP $899,588,606 9,604,863 1.45% Shares
AQR CAPITAL MANAGEMENT LLC $731,682,537 7,859,947 1.18% Shares
JPMORGAN CHASE & CO $626,944,367 6,729,036 1.01% Shares
GOLDMAN SACHS GROUP INC $594,181,497 6,344,026 0.96% Shares
Newport Trust Company, LLC $582,222,685 6,216,343 0.94% Shares
NORTHERN TRUST CORP $470,386,932 5,022,282 0.76% Shares
Invesco Ltd. $468,645,933 5,003,694 0.76% Shares
Life Cycle Investment Partners Ltd $449,345,183 4,797,621 0.73% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $399,918,834 4,269,900 0.65% Put option
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $375,628,206 4,010,551 0.61% Shares
Ninety One UK Ltd $363,548,767 3,881,580 0.59% Shares
CITADEL ADVISORS LLC $358,764,630 3,830,500 0.58% Call option
VANGUARD FIDUCIARY TRUST CO $341,967,833 3,651,162 0.55% Shares
Gallagher Fiduciary Advisors, LLC $340,683,710 3,637,451 0.55% Shares
WELLINGTON MANAGEMENT GROUP LLP $326,911,052 3,490,402 0.53% Shares
PAR CAPITAL MANAGEMENT INC $326,193,897 3,482,745 0.53% Shares
GMT Capital Corp $305,762,436 3,264,600 0.49% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $295,825,110 3,158,500 0.48% Call option
Allianz Asset Management GmbH $295,280,196 3,152,682 0.48% Shares
Candlestick Capital Management LP $289,470,400 5,100,800 0.47% Call option
UBS Group AG $287,010,112 3,064,383 0.46% Shares
JANE STREET GROUP, LLC $285,915,882 3,052,700 0.46% Call option
Slate Path Capital LP $282,389,396 3,015,048 0.46% Shares
PeakShares LLC $269,273,000 2,875 0.43% Shares
BANK OF AMERICA CORP /DE/ $256,755,436 2,741,356 0.41% Shares
Russell Investments Group, Ltd. $247,418,903 2,642,524 0.40% Shares
PZENA INVESTMENT MANAGEMENT LLC $245,268,098 2,618,707 0.40% Shares
AMERICAN CENTURY COMPANIES INC $242,265,241 2,586,645 0.39% Shares
Capital World Investors $237,435,828 2,535,084 0.38% Shares
NEUBERGER BERMAN GROUP LLC $237,057,607 2,531,044 0.38% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $232,894,487 2,486,595 0.38% Shares
LANSDOWNE PARTNERS (UK) LLP $231,458,306 2,471,261 0.37% Shares
CITADEL ADVISORS LLC $218,049,846 2,328,100 0.35% Put option
JANE STREET GROUP, LLC $217,197,540 2,319,000 0.35% Put option
Nuveen, LLC $188,441,875 2,011,979 0.30% Shares
RAYMOND JAMES FINANCIAL INC $172,308,169 1,839,720 0.28% Shares

Show all 1,665 institutional owners →

Activists & 5%+ owners 8 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Delta Air Lines, Inc. ×14 filings June 2, 2026 36.30% Amendment · SEC
Athena Advisory Group, LLC, Stephen Presser ×3 filings Aug. 28, 2009 · Initial filing · SEC
Air Line Pilots Association, International ×3 filings March 6, 2009 · Initial filing · SEC
Undisclosed reporting person Feb. 29, 2008 · Initial filing Passive investment SEC
Undisclosed reporting person May 14, 2007 · Initial filing Passive investment SEC
Undisclosed reporting person Jan. 21, 2005 · Initial filing Passive investment SEC
Delta Air Lines, Inc. ( June 4, 2004 · Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person Oct. 15, 2001 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 87 insiders · 30 officers · 36 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Edward H Bastian Chief Executive Officer Aug. 4, 2026 M 1,363,448 0 3 $-38,489,458
Delta Air Lines, Inc. Chief Executive Officer April 3, 2009 F 1,555,930 0 0 $0
Erik Storey Snell EVP & Chief Financial Officer April 1, 2026 A 48,898 0 1 $-2,799,608
Garrett L. Chase Int Co-CFO SVP Bus Dev & FPA Feb. 3, 2021 A 22,531 0 0 $0
Paul A Jacobson EVP & CFO Nov. 9, 2020 S 303,478 0 0 $0
Hank Halter Senior Vice President & CFO Feb. 2, 2012 F 159,467 0 0 $0
Peter W Carter President Aug. 4, 2026 M 424,704 0 3 $-6,735,332
Glen W Hauenstein President Feb. 6, 2026 M 280,304 0 5 $-33,728,949
Daniel C. Janki EVP & Chief Operating Officer April 1, 2026 A 381,937 0 0 $0
Mike Spanos EVP & Chief Operating Officer June 12, 2024 F 108,856 0 0 $0
Gilbert W West Sr. EVP & COO Feb. 5, 2020 A 122,583 0 0 $0
Stephen E Gorman EVP & Chief Operating Officer Feb. 21, 2014 S 148,788 0 0 $0
Michael J Becker EVP & COO NWA Feb. 9, 2010 S 509,518 0 0 $0
Steven M Sear EVP - Global Sales & Distrib Aug. 5, 2026 M 104,404 0 3 $-8,862,250
Alain Bellemare EVP & Pres. - International Aug. 4, 2026 M 95,025 0 5 $-11,920,880
Allison C Ausband EVP & Chief People Officer May 27, 2026 S 128,854 0 4 $-1,904,960
Julia Ann Mcconnell SVP, Controller & CAO April 22, 2026 A 18,728 0 0 $0
John E Laughter EVP & Chief of Operations April 14, 2026 S 54,369 0 3 $-7,250,941
Rahul D Samant EVP & Chief Info Officer Feb. 5, 2026 S 20,939 0 3 $-8,353,914
Joseph James Esposito EVP & Chief Commercial Officer Feb. 4, 2026 A 32,272 0 0 $0
William C Carroll SVP, Fin & Controller Feb. 2, 2026 S 7,182 0 2 $-1,264,465
Amala Duggirala Chief Digital & Tech Officer Jan. 12, 2026 A 30,550 0 0 $0
Joanne D Smith EVP & Chief People Officer Nov. 21, 2024 S 85,123 0 0 $0
William P Lentsch EVP & Chf Cust Experience Ofcr Feb. 3, 2021 A 97,335 0 0 $0
Craig M Meynard VP and Chief Acctg Officer Feb. 6, 2019 A 8,728 0 0 $0
Richard H Anderson Exec. Chairman of the Board July 15, 2016 M 59,119 0 0 $0
Richard B Hirst EVP and Chief Legal Officer Feb. 5, 2015 A 300,358 0 0 $0
Michael H Campbell EVP - HR & Labor Relations June 3, 2014 M 198,386 0 0 $0
Vicki B Escarra EVP & CMO Feb. 24, 2004 A 26,195 0 0 $0
Robert L Colman EVP - Human Resources Feb. 24, 2004 A 1,740 0 0 $0
HUERTA MICHAEL P Director Aug. 5, 2026 S 32,525 0 1 $-291,772
David G Dewalt Director Aug. 3, 2026 S 22,358 0 1 $-2,885,033
Judith J Mckenna Director June 18, 2026 A 6,630 0 0 $0
Maria Black Director June 18, 2026 A 10,675 0 0 $0
Leslie D. Hale Director June 18, 2026 A 21,530 0 0 $0
David S Taylor Director June 18, 2026 A 126,530 0 0 $0
Sergio Rial Director June 18, 2026 A 37,177 0 0 $0
Christophe Beck Director June 18, 2026 A 6,620 0 0 $0
Kathy N Waller Director June 18, 2026 A 48,500 0 0 $0
Willie Cw Chiang Director June 18, 2026 A 10,660 0 0 $0
Greg Creed Director June 18, 2026 A 6,620 0 0 $0
Vasant M Prabhu Director June 18, 2026 A 15,100 0 0 $0
George N Mattson Director June 15, 2023 A 98,650 0 0 $0
William H Easter III Director June 15, 2023 A 10,870 0 0 $0
Jeanne P Jackson Director June 15, 2023 A 33,590 0 0 $0
Francis S Blake Director Jan. 18, 2023 P 93,795 0 0 $0
Ashton B Carter Director June 16, 2022 A 26,050 0 0 $0
Daniel A Carp Director June 20, 2019 A 48,253 0 0 $0
Mickey P Foret Director June 30, 2017 A 42,994 0 0 $0
Douglas R Ralph Director Jan. 23, 2017 P 1,000 0 0 $0
Shirley C. Franklin Director Dec. 19, 2016 S 36,760 0 0 $0
Kenneth Woodrow Director June 10, 2016 A 76,983 0 0 $0
Thomas E Donilon Director June 10, 2016 A 10,950 0 0 $0
Roy J Bostock Director April 20, 2016 G 40,120 0 0 $0
John S Brinzo Director April 7, 2016 S 50,773 0 0 $0
David R Goode Director June 24, 2015 A 73,173 0 0 $0
Paula Rosput Reynolds Director Feb. 20, 2015 G 73,313 0 0 $0
John M Engler Director June 30, 2011 A 43,178 0 0 $0
Douglas M Steenland Director July 30, 2010 A 468,479 0 0 $0
Rodney E Slater Director July 30, 2010 A 30,628 0 0 $0
Edward H Budd Director Nov. 10, 2006 S 0 0 0 $0
Andrew J Young Director April 1, 2004 A 12,481 0 0 $0
James M Kilts Director Jan. 5, 2004 A 2,823 0 0 $0
PENSION BENEFIT GUARANTY CORP/132-129/ 10% owner Feb. 21, 2008 S 43,567,017 0 0 $0
Kenneth C Rogers · Aug. 20, 2009 A 25 0 0 $0
Kenneth F Khoury · Oct. 29, 2008 F 133,795 0 0 $0
Lee A Macenczak · Oct. 29, 2008 F 133,795 0 0 $0
Richard Karl Goeltz · June 3, 2008 A 11,013 0 0 $0
Victor L Lund · June 3, 2008 A 8,513 0 0 $0
Walter E Massey · June 3, 2008 A 8,513 0 0 $0
Eugene I Davis · June 3, 2008 A 8,513 0 0 $0
Joseph C Kolshak · Oct. 31, 2007 S 90,933 0 0 $0
James M Whitehurst · June 4, 2007 A 188,246 0 0 $0
Gerald Grinstein · May 3, 2007 P 1,000 0 0 $0
Karl J Krapek · April 30, 2007 J 0 0 0 $0
Arthur E Johnson · April 30, 2007 J 0 0 0 $0
Patricia Higgins · April 30, 2007 J 0 0 0 $0
John F Smith JR · Sept. 11, 2006 S 0 0 0 $0
Joan E Spero · July 1, 2005 A 19,149 0 0 $0
Larry D. Thompson · Jan. 3, 2005 A 2,904 0 0 $0
Paul G Matsen · Nov. 17, 2004 A · 0 0 $0
Michael J Palumbo · Nov. 17, 2004 A · 0 0 $0
Gregory L Riggs · Nov. 11, 2004 A · 0 0 $0
Leo F Mullin · April 16, 2004 A 86,976 0 0 $0
Frederick W Reid · Feb. 24, 2004 A 17,069 0 0 $0
Michele M Burns · Feb. 24, 2004 A 26,295 0 0 $0
George M C Fisher · Jan. 5, 2004 A 7,474 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 154 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PEJ · Invesco Exchange-Traded Fund Trust 5.49% 233,248 SH Oct. 1, 2026 Daily
OMAH · Tidal Trust III 5.25% 594,076 NS July 31, 2026 N-PORT
IYT · iShares Trust 4.67% 1,205,404 SH Sept. 11, 2026 Daily
PEZ · Invesco Exchange-Traded Fund Trust 4.03% 10,395 SH Oct. 1, 2026 Daily
CAMX · ADVISORS' INNER CIRCLE FUND 3.89% 30,242 NS July 31, 2026 N-PORT
TPOR · Direxion Shares ETF Trust 2.23% 4,484 NS July 31, 2026 N-PORT
FGSI · First Trust Exchange-Traded Fund IV 2.03% 480 NS July 31, 2026 N-PORT
BKDV · BNY Mellon ETF Trust II 1.96% 413,247 NS July 31, 2026 N-PORT
PWV · Invesco Exchange-Traded Fund Trust 1.53% 331,624 SH Oct. 1, 2026 Daily
FXD · First Trust Exchange-Traded AlphaDE… 1.40% 42,962 NS July 31, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 1.35% 21,089 SH Oct. 1, 2026 Daily
RSPN · Invesco Exchange-Traded Fund Trust 1.31% 115,106 SH Oct. 1, 2026 Daily
COWZ · Pacer Funds Trust 1.29% 2,759,535 NS July 31, 2026 N-PORT
ALTL · Pacer Funds Trust 1.28% 13,457 NS July 31, 2026 N-PORT
SPGP · Invesco Exchange-Traded Fund Trust 1.19% 291,100 SH Oct. 1, 2026 Daily
VOE · VANGUARD INDEX FUNDS 1.01% 4,009,317 SH Aug. 19, 2026 Daily
RPV · Invesco Exchange-Traded Fund Trust 0.91% 179,434 SH Oct. 1, 2026 Daily
IYC · iShares Trust 0.89% 131,166 SH Sept. 11, 2026 Daily
LSEQ · Harbor ETF Trust 0.88% 1,535 NS July 31, 2026 N-PORT
HIBL · Direxion Shares ETF Trust 0.86% 7,396 NS July 31, 2026 N-PORT
SPHB · Invesco Exchange-Traded Fund Trust … 0.84% 95,276 SH Oct. 1, 2026 Daily
VIS · VANGUARD WORLD FUND 0.82% 797,897 SH Aug. 19, 2026 Daily
JOET · Virtus ETF Trust II 0.77% 21,486 NS July 31, 2026 N-PORT
DUSL · Direxion Shares ETF Trust 0.75% 4,828 NS July 31, 2026 N-PORT
IMCV · iShares Trust 0.72% 106,051 SH Sept. 11, 2026 Daily
IIGD · Invesco Exchange-Traded Self-Indexe… 0.67% 176,250.00 Oct. 1, 2026 Daily
DFLV · Dimensional ETF Trust 0.65% 503,135 NS July 31, 2026 N-PORT
FTA · First Trust Exchange-Traded AlphaDE… 0.64% 102,686 NS July 31, 2026 N-PORT
JMID · Janus Detroit Street Trust 0.64% 1,720 NS July 31, 2026 N-PORT
EQIN · Columbia ETF Trust I 0.60% 21,000 NS July 31, 2026 N-PORT
FFLG · FIDELITY COVINGTON TRUST 0.60% 40,662 NS July 31, 2026 N-PORT
REVS · Columbia ETF Trust I 0.57% 21,603 NS July 31, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.56% 13,526,055 SH Aug. 19, 2026 Daily
FVAL · FIDELITY COVINGTON TRUST 0.56% 85,189 NS July 31, 2026 N-PORT
EXI · iShares Trust 0.52% 93,538 SH Sept. 11, 2026 Daily
PALC · Pacer Funds Trust 0.51% 12,260 NS July 31, 2026 N-PORT
IWS · iShares Trust 0.47% 918,397 SH Sept. 11, 2026 Daily
FBCG · FIDELITY COVINGTON TRUST 0.44% 349,467 NS July 31, 2026 N-PORT
RECS · Columbia ETF Trust I 0.41% 273,763 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.38% 2,683,855 SH Sept. 11, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.37% 432,309 SH Oct. 1, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.37% 105,952 NS July 31, 2026 N-PORT
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.36% 34,611 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.36% 76,231 SH Sept. 11, 2026 Daily
VLUE · iShares Trust 0.35% 434,973 SH Sept. 11, 2026 Daily
FEX · First Trust Exchange-Traded AlphaDE… 0.34% 60,177 NS July 31, 2026 N-PORT
DFVX · Dimensional ETF Trust 0.33% 20,150 NS July 31, 2026 N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe… 0.33% 11,413,000 Oct. 1, 2026 Daily
DFUV · Dimensional ETF Trust 0.32% 569,293 NS July 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.32% 6,203 NS July 31, 2026 N-PORT
VFMF · VANGUARD WELLINGTON FUND 0.30% 22,474 SH Aug. 19, 2026 Daily
XOEF · iShares Trust 0.29% 824 SH Sept. 11, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.27% 7,435,000 Oct. 1, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.23% 20,854 SH Aug. 19, 2026 Daily
LGDX · Tidal Trust III 0.23% 3,718 NS July 31, 2026 N-PORT
PFIG · Invesco Exchange-Traded Fund Trust … 0.23% 285,000 Oct. 1, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.22% 5,930,549 SH Aug. 19, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.22% 2,486,509 SH Oct. 1, 2026 Daily
SIZE · iShares Trust 0.22% 11,800 SH Sept. 11, 2026 Daily
SPMO · Invesco Exchange-Traded Fund Trust … 0.22% 597,060 SH Oct. 1, 2026 Daily
DXUV · Dimensional ETF Trust 0.22% 13,539 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.21% 150,545 SH Aug. 19, 2026 Daily
SUSA · iShares Trust 0.21% 106,832 SH Sept. 11, 2026 Daily
PWS · Pacer Funds Trust 0.21% 566 NS July 31, 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 0.20% 53,911 NS July 31, 2026 N-PORT
ACIO · ETF Series Solutions 0.19% 51,822 NS July 31, 2026 N-PORT
ADME · ETF Series Solutions 0.19% 6,434 NS July 31, 2026 N-PORT
EUSA · iShares, Inc. 0.19% 46,846 SH Sept. 11, 2026 Daily
HAPI · Harbor ETF Trust 0.19% 10,556 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.18% 990,330 NS July 31, 2026 N-PORT
BSMT · Invesco Exchange-Traded Self-Indexe… 0.18% 500,000 Oct. 1, 2026 Daily
IVE · iShares Trust 0.17% 1,085,282 SH Sept. 11, 2026 Daily
DCOR · Dimensional ETF Trust 0.17% 64,302 NS July 31, 2026 N-PORT
IQSU · New York Life Investments ETF Trust 0.16% 6,172 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.16% 570,858 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.16% 371,053 SH Aug. 19, 2026 Daily
BSMU · Invesco Exchange-Traded Self-Indexe… 0.15% 405,000 Oct. 1, 2026 Daily
ILCV · iShares Trust 0.15% 25,435 SH Sept. 11, 2026 Daily
ESGU · iShares Trust 0.14% 324,115 SH Sept. 10, 2026 Daily
HELO · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 70,226 NS July 31, 2026 N-PORT
EVUS · iShares Trust 0.13% 6,417 SH Sept. 11, 2026 Daily
EGLE · Global X Funds 0.13% 33 NS July 31, 2026 N-PORT
IWD · iShares Trust 0.13% 1,367,088 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.12% 176,442 NS July 31, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 0.12% 2,522 NS July 31, 2026 N-PORT
CATH · Global X Funds 0.11% 16,745 NS July 31, 2026 N-PORT
BSMR · Invesco Exchange-Traded Self-Indexe… 0.10% 370,000 Oct. 1, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.10% 3,142,000 Oct. 1, 2026 Daily
BSMS · Invesco Exchange-Traded Self-Indexe… 0.10% 325,000 Oct. 1, 2026 Daily
CHRI · Global X Funds 0.10% 91 NS July 31, 2026 N-PORT
GTOS · Invesco Actively Managed Exchange-T… 0.10% 113,000 Oct. 1, 2026 Daily
TOPC · iShares Trust 0.10% 398 SH Sept. 11, 2026 Daily
GSY · Invesco Actively Managed Exchange-T… 0.09% 3,614,000 Oct. 1, 2026 Daily
XRMI · Global X Funds 0.09% 531 NS July 31, 2026 N-PORT
IWP · iShares Trust 0.09% 225,945 SH Sept. 11, 2026 Daily
XYLG · Global X Funds 0.09% 676 NS July 31, 2026 N-PORT
XTR · Global X Funds 0.09% 50 NS July 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.09% 16,974,100 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.09% 728,934 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.09% 107,911 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.09% 2,570 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.09% 55,741 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.09% 32,787 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.09% 89,807 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.09% 32,862 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.09% 11,015 NS July 31, 2026 N-PORT
XVV · iShares Trust 0.09% 7,503 SH Sept. 11, 2026 Daily
XCLR · Global X Funds 0.09% 35 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.08% 202,597 NS July 31, 2026 N-PORT
SPUU · Direxion Shares ETF Trust 0.08% 2,466 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.08% 54 NS July 31, 2026 N-PORT
QVML · Invesco Exchange-Traded Fund Trust … 0.08% 16,077 SH Oct. 1, 2026 Daily
QDPL · Pacer Funds Trust 0.08% 15,729 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.08% 19,813,338 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.08% 55,152 SH Aug. 19, 2026 Daily
IVV · iShares Trust 0.08% 8,236,132 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.08% 12,737 SH Sept. 11, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.08% 3,542 SH Oct. 1, 2026 Daily
GARP · iShares Trust 0.08% 29,685 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.07% 454,950 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.07% 18,302 NS July 31, 2026 N-PORT
HCMT · Direxion Shares ETF Trust 0.07% 4,547 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.07% 181,080 SH Sept. 10, 2026 Daily
VFMO · VANGUARD WELLINGTON FUND 0.07% 15,577 SH Aug. 19, 2026 Daily
ITOT · iShares Trust 0.07% 844,169 SH Sept. 11, 2026 Daily
MTUM · iShares Trust 0.07% 213,394 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.07% 6,365 SH Oct. 1, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.07% 51,086 NS July 31, 2026 N-PORT
IUS · Invesco Exchange-Traded Self-Indexe… 0.06% 7,447 SH Oct. 1, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.06% 469 SH Oct. 1, 2026 Daily
BAB · Invesco Exchange-Traded Fund Trust … 0.06% 635,000 Sept. 30, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.05% 29,450 SH Oct. 1, 2026 Daily
HDUS · Lattice Strategies Trust 0.04% 1,011 NS July 31, 2026 N-PORT
SUSL · iShares Trust 0.04% 5,787 SH Sept. 11, 2026 Daily
DSI · iShares Trust 0.04% 24,789 SH Sept. 11, 2026 Daily
PZA · Invesco Exchange-Traded Fund Trust … 0.02% 1,000,000 Oct. 1, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.02% 24,614 SH Oct. 1, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.02% 28,372 SH Oct. 1, 2026 Daily
IYY · iShares Trust 0.02% 6,922 SH Sept. 9, 2026 Daily
USCL · iShares Trust 0.02% 6,468 SH Sept. 11, 2026 Daily
URTH · iShares, Inc. 0.01% 14,773 SH Sept. 10, 2026 Daily
TOK · iShares Trust 0.01% 393 SH Sept. 10, 2026 Daily
ACWI · iShares Trust 0.01% 49,204 SH Sept. 9, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 144,651 SH Aug. 19, 2026 Daily
VONG · VANGUARD SCOTTSDALE FUNDS 0.01% 63,353 SH Aug. 19, 2026 Daily
IWF · iShares Trust 0.01% 150,977 SH Sept. 11, 2026 Daily
DUHP · Dimensional ETF Trust 0.00% 6,939 NS July 31, 2026 N-PORT
GTO · Invesco Actively Managed Exchange-T… 0.00% 93,696.51 Sept. 30, 2026 Daily
INFO · Harbor ETF Trust 0.00% 285 NS July 31, 2026 N-PORT
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily

DAL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 32 analysts BUY
Median target $105.00 +24.9%
8 25.0% Strong Buy
21 65.6% Buy
3 9.4% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

24 analysts · 2026-10-03

Mean target $102.06 +21.4%

Now Current price $84.09
Low$50.00 Mean$102.06 High$125.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DAL $45.80B 9.1 2.8% 7.9% 26.1% ·
UAL $36.17B 11.0 3.5% 5.7% 23.4% ·
LUV · 52.3 2.1% · · ·
AAL $10.12B 90.2 0.78% 0.20% -2.9% ·
JOBY $12.08B -11.7 39183.1% -1740.5% -80.6% ·
ALK $5.81B 60.6 21.3% 0.70% 2.5% ·
SKYW $8.46B 9.7 15.0% 10.5% 16.1% ·
ALGT · -34.4 3.7% · · ·
JBLU $1.68B -2.7 -2.3% -6.6% -26.6% ·
ULCC $1.08B -7.8 -1.4% -3.7% -27.5% ·

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 10-Q filed Jul 10, 2026