DAL
Delta Air LinesPrevious close
80.15
Change
−1.49 / −1.83%
P/E (TTM) ?
16.1
Market Cap
$52.0B
1M
−3.97%
S&P 500 −0.91% over same period
Volume / Avg Volume
4.3M / 6.6M
0.66× average
Latest earnings analysisFY2026 Q3Reported 2026-10-09
Delta Air Lines Q3 FY2026: revenue up 21.1%, profit down 46.6%
Delta's September quarter splits in two: revenue of $20.19 billion rose 21.1%, while GAAP net income fell 46.6% to $756 million because fuel costs jumped. Adjusted EPS of $1.72 missed the $1.9868 consensus. Read the revenue lines as strong demand with real pricing power, and the profit lines as a fuel problem — not a demand problem.
Read the full analysis →Revenue$20.19BYoY +21.10%
EPS (non-GAAP)$1.72Missest. $1.99
Next-day move−2.51%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-09 | $20.2B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-10 | $19.8B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-08 | $15.9B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-13 | $63.4B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-09 | $16.7B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-10 | $16.6B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-09 | $14.0B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 100 of its 5-year rangeExpensive
5-year range 5.8 – 13.4 · Median 8.7
Last 4 quarters: $0 in buybacks + $515M in dividends, 0.99% of market cap combined
P/E (TTM)
16.1
P/B
2.4
P/S
0.7
Dividend Yield
1.11%
Earnings Reaction
Over the last 7 reports, the stock moved ±2.9% on average on the first trading day after, rising 0 times
Most recent −2.51%
Volatility & Correlation
1-year beta 1.73 · Correlation with S&P 500 0.57High beta
Annualized volatility 39% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 7 · $37.2MNet selling $37.2M
- 10-29Bastian Edward HChief Executive OfficerSell$4.1M50,000 shares · Avg price 82.00
- 08-05Sear Steven MEVP - Global Sales & DistribSell$3.8M40,460 shares · Avg price 93.55
- 08-05HUERTA MICHAEL PDirectorSell$0.29M3,100 shares · Avg price 94.12
- 08-04Bastian Edward HChief Executive OfficerSell$19.2M206,510 shares · Avg price 92.80
- 08-04BELLEMARE ALAINEVP & Pres. - InternationalSell$3.2M35,000 shares · Avg price 92.72
- 08-04Carter Peter WPresidentSell$3.7M39,900 shares · Avg price 92.98
- 08-03DEWALT DAVID GDirectorSell$2.9M31,756 shares · Avg price 90.85
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 20.19 | +21.1% | — | 0.76 | 1.15 |
| FY2026 Q2 | 19.76 | +18.7% | — | 1.60 | 2.44 |
| FY2026 Q1 | 15.85 | +12.9% | — | -0.29 | -0.44 |
| FY2025 Q4 | 16.00 | +2.8% | — | 1.22 | 1.85 |
| FY2025 Q3 | 16.67 | +6.4% | — | 1.42 | 2.17 |
| FY2025 Q2 | 16.65 | −0.1% | — | 2.13 | 3.27 |
| FY2025 Q1 | 14.04 | +2.1% | — | 0.24 | 0.37 |
| FY2024 Q4 | 15.56 | +9.4% | — | 0.84 | 1.29 |
| FY2024 Q3 | 15.68 | +1.2% | — | 1.27 | 1.97 |
| FY2024 Q2 | 16.66 | +6.9% | — | 1.31 | 2.01 |
| FY2024 Q1 | 13.75 | +7.8% | — | 0.04 | 0.06 |
| FY2023 Q4 | 14.22 | +5.9% | — | 2.04 | 3.18 |