DAL

Delta Air Lines Inc

Exchange: NYSESector: IndustrialsIndustry: Airlines

Through exceptional service and the power of innovation, Delta Air Lines never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other. Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year. We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us. Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo. As the leading global airline, Delta's mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential. A founding member of the SkyTeam alliance and powered by innovative and strategic partnerships throughout the world with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide. Delta's premium product line is elevated by its unique partnership with Wheels Up Experience. Delta is America's most-awarded airline thanks to the dedication, passion and professionalism of its people. In addition to the award from Cirium, Delta has been recognized as the World's Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; the top carrier for business travelers by Business Travel News; and best U.S. airline by Forbes Travel Guide's Verified Air Travel Awards. In addition, Delta has been named to the Civic 50 by Points of Light as one of the most community minded companies in the U.S.

Did you know?

Capital expenditures decreased by 12% from FY24 to FY25.

Current Price

$68.41

-2.58%

GoodMoat Value

$141.75

107.2% undervalued

Profile

Valuation (TTM)

Market Cap$44.68B

P/E9.98

EV$58.49B

P/B2.14

Shares Out653.13M

P/Sales0.69

Revenue$65.18B

EV/EBITDA6.85

Delta Air Lines Inc (DAL) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Delta Air Lines is a major U.S. airline with a strong brand and network, but it operates in a highly competitive and capital-intensive industry. A value investor might be interested in its low P/E of 8.9 and high FCF yield of 8.7%, but must weigh this against a weak moat profile and significant red flags like high debt and cyclical risk.

Read full analysis

Delta Air Lines Inc. operates a major global airline, transporting passengers and cargo. Its customers are primarily leisure and business travelers, served through a vast network of hubs (like Atlanta) and an extensive fleet. The company generates revenue from ticket sales and ancillary services. Using the GoodMoat framework, Delta's competitive advantages (moat) appear limited. It likely scores low on the 14-point Moat Identification scale. While it possesses a strong brand and significant scale in its hub airports, these are common among legacy carriers. The airline industry is characterized by high fixed costs, intense price competition, and low customer switching costs, which challenge durable moat creation. Key risks for investors, aligning with Section 5 (Red Flags), are pronounced. The business has high macro sensitivity and cyclical risk, as demand is heavily tied to economic health. Execution risk is ever-present due to operational complexity and potential for cost overruns. Furthermore, the balance sheet shows a Debt/Equity ratio of 0.97, indicating significant financial leverage, which is a risk in a downturn. A value investor may find the current valuation metrics, such as a P/E of 8.9 and a Free Cash Flow Yield of 8.7%, to be potentially favourable. However, these must be evaluated against the industry's thin operating margin of 9.2%, the modest revenue growth of 2.9% YoY, and the structural challenges that make high, sustainable returns on capital difficult to achieve consistently. Analysis based on data as of 2024-05-15.

DAL Company Information

Through exceptional service and the power of innovation, Delta Air Lines never stops looking for ways to make every trip feel tailored to every customer.

There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.

Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.

We remain committed to ensuring that the future of travel is connected, personalized and enjoyable.

Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.

Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo.

As the leading global airline, Delta's mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential.

A founding member of the SkyTeam alliance and powered by innovative and strategic partnerships throughout the world with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide.

Delta's premium product line is elevated by its unique partnership with Wheels Up Experience.

Delta is America's most-awarded airline thanks to the dedication, passion and professionalism of its people.

In addition to the award from Cirium, Delta has been recognized as the World's Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; the top carrier for business travelers by Business Travel News; and best U.

S. airline by Forbes Travel Guide's Verified Air Travel Awards. In addition, Delta has been named to the Civic 50 by Points of Light as one of the most community minded companies in the U. S.

Sector

Industrials

Industry

Airlines

Exchange

NYSE

Country

Georgia, USA

DAL Key Officers

Key officers data coming soon

DAL Company Profile

Delta Air Lines Inc (DAL) is a Industrials company in the Airlines industry. It trades on NYSE. The company is based in Georgia, USA.

Market cap is $44.68B. There are 653.1M shares outstanding. Dividend yield is 0.98%.

See the full Delta Air Lines Inc profile on GoodMoat. It covers key officers, financial metrics, and sector details. You can also use GoodMoat's DCF calculator, fair value models, and quality score to help decide if DAL is a good investment.