Delta Air Lines (DAL)
Operates a global hub airline built around premium travel, loyalty, cargo, and partnerships.
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Carries passengers and cargo across a U.S.-centered global hub network, selling Main Cabin and premium fares alongside SkyMiles, maintenance, vacation, and refinery services. International partnerships broaden reach, while revenue and operations depend on travel demand, fuel markets, airport capacity, and aviation regulation.
Carries passengers and cargo across a hub-and-spoke network centered on Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, with coastal gateways and partner airlines extending service across the Atlantic, Pacific, and Latin America. Fares span Main Cabin and premium products including Delta One, First Class, Delta Premium Select, and Delta Comfort+; regional routes operate under Delta Connection.
Builds recurring revenue around SkyMiles and its American Express co-brand relationship, while Delta TechOps sells maintenance services, Delta Vacations packages trips, and Monroe Energy refines fuel and sells other petroleum products. Operational reliability, premium-cabin execution, and loyalty engagement support the network. Results remain tied to travel demand, jet-fuel prices and availability, aircraft and airport capacity, regulated slots, and government approval of international routes and joint ventures.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Redburn Partners | Target | Target: $38 | Target: $105 |
| Sep 11, 2026 | Barclays | Reiterate | Rating: —Target: $105 | Target: $95 |
| Sep 10, 2026 | UBS | Reiterate | Rating: —Target: $112 | Target: $99 |
| Aug 24, 2026 | Raymond James | Reiterate | Rating: —Target: $104 | Target: $98 |
| Aug 3, 2026 | Oppenheimer | Downgrade | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.67B · Total debt $19.98B · Total assets $86.32B · Shareholders' equity $21.82B
- Revenue
- $19.76B
- Operating income
- $1.86B
- Net income
- $1.60B
HistoryDividendAnnual yield
| Institutions | 88.82% | 584.09M shares | |
|---|---|---|---|
| 1,603 holders · as of Jun 30, 2026 | |||
| Insiders | 6.37% | 41.87M shares | |
| 27 holders · as of Aug 6, 2026 | |||
| Other | 4.81% | 31.66M shares | |
| remainder | |||
657.62M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Berkshire Hathaway IncInstitution | 8.72% | 57.32M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.86% | 45.11M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.28% | 41.31M | as of Jun 30, 2026 |
Warren E. BuffettInsider | 6.05% | 39.81M | filed May 15, 2026 |
FMR LLCInstitution | 5.05% | 33.19M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Steven M. Sear | officer: EVP - Global Sales & Distrib | −40,460 | $93.55 |
| Aug 5, 2026 | Michael P. Huerta | director | −3,100 | $94.12 |
| Aug 3, 2026 | David G. Dewalt | director | −31,756 | $90.85 |
| Aug 4, 2026 | Edward H. Bastian | director, officer: Chief Executive Officer | −206,510 | $92.80 |
| Aug 4, 2026 | Alain Bellemare | officer: EVP & Pres. - International | −35,000 | $92.72 |
- United Airlines
Closest Big-3 peer; parallel premium-cabin and long-haul international pivot.
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- Southwest Airlines
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- Alaska Air Group
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- JetBlue
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- Frontier Group
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Delta Air Lines | $83.91 | 0.00% | $54.25B | 13.7 | 10.9 | 0.8 | +18.7% |
| United Airlines | $115.71 | +0.46% | $37.13B | 10.7 | 9.2 | 0.6 | +16.0% |
| American Airlines Group | $13.62 | +0.18% | $8.98B | — | 13.0 | 0.2 | +16.3% |
| Southwest Airlines | $42.35 | +0.65% | $20.43B | 25.6 | 10.9 | 0.7 | +16.4% |
| Alaska Air Group | $42.05 | +0.32% | $4.67B | — | 43.2 | 0.3 | +9.8% |
| JetBlue | $4.56 | +0.33% | $1.72B | — | — | 0.2 | +14.5% |
| Frontier Group | $6.23 | +0.65% | $1.41B | — | — | 0.3 | +37.7% |
| Median | 18.2 | 12.0 | 0.3 | +16.1% |