DELTA AIR LINES, INC.

10-K & 10-Q Filings

Delta Air Lines, Inc. is a global airline headquartered in the United States with over 103,000 full-time employee equivalents, of which approximately 100,000 were based in the U.S. as of December 31, 2023. The company's business strategy focuses on industry-leading customer service, safety, and innovation. Delta's competitive advantages include its people and culture, operational reliability, global network, customer loyalty, and financial foundation. Delta's fleet consists of 1,273 aircraft, and the company is committed to fleet renewal, pursuing future aviation technologies, and fleet modification to improve fuel efficiency and reduce emissions. The company also has various other businesses, including an MRO operation, Delta Vacations, and cargo operations. Delta's human capital management objectives include attracting, retaining, and developing employees, achieving high performance, driving professional and community engagement, and enhancing the culture. The company is committed to diversity, equity, and inclusion and has programs in place to promote these values. Delta's principal business segments include passenger traffic, cargo, MRO, and other. The company's website is ir.delta.com, and its ticker symbol is DAL.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$35115.00
36670.00
37773.00
40362.00
40704.00
39639.00
41244.00
44127.00
46706.00
17703.00
30931.00
51632.00
58771.00
12968.00
13926.00
4.39%7.39%Cost of Revenue (-)
$
6544.00
5133.00
5733.00
9020.00
8519.00
3176.00
5633.00
11482.00
11069.00
2676.00
2598.00
-2.91%Gross Profit (+)
$24664.00
25788.00
27614.00
27884.00
34160.00
34506.00
35511.00
35107.00
38187.00
12990.00
22987.00
38071.00
46145.00
9856.00
10945.00
5.36%11.05%Selling, General & Administrative (-)
$8840.00
9228.00
9323.00
9820.00
10448.00
11744.00
12223.00
12684.00
13218.00
9336.00
10681.00
13793.00
16941.00
3886.00
4341.00
5.57%11.71%Depreciation & Amortization (-)
$1523.00
1565.00
1658.00
1771.00
1835.00
1902.00
2235.00
2329.00
2581.00
2312.00
1998.00
2107.00
2341.00
564.00
615.00
3.65%9.04%Non-recurring Operating Expenses (-)
$242.00
452.00
402.00
716.00
35.00
8219.00
-19.00
-124.00
Operating Expenses (-)
$33140.00
34495.00
34373.00
38156.00
32902.00
32687.00
35130.00
39174.00
31870.00
26388.00
22380.00
35439.00
41458.00
10360.00
10536.00
1.88%1.70%Costs & Expenses (Total) (-)
$33140.00
34495.00
34373.00
38156.00
39446.00
37820.00
40863.00
48194.00
40389.00
29564.00
28013.00
46921.00
52527.00
13036.00
13134.00
3.91%0.75%Operating Income/Loss (+)
$1975.00
2175.00
3400.00
2206.00
7802.00
6952.00
6114.00
5264.00
6618.00
-12469.00
1886.00
3661.00
5521.00
-277.00
614.00
8.94%321.66%Non-operating Income/Expense (+)
$-1206.00
-1150.00
-873.00
-1134.00
-645.00
-316.00
-413.00
-113.00
-420.00
-3118.00
-1488.00
-1747.00
87.00
-229.00
-492.00
-114.85%Interest Expense (-)
$193.00
193.00
154.00
Earnings before Tax (+)
$769.00
1025.00
2527.00
1072.00
7157.00
6636.00
5701.00
5151.00
6198.00
-15587.00
398.00
1914.00
5608.00
-506.00
122.00
18.01%124.11%Tax Expense (-)
$-85.00
16.00
-8013.00
413.00
2631.00
2263.00
2124.00
1216.00
1431.00
-3202.00
118.00
596.00
999.00
-143.00
85.00
159.44%Income/Loss (Continuing Operations) (+)
$854.00
1009.00
10540.00
659.00
4526.00
4373.00
3577.00
3935.00
4767.00
-12385.00
280.00
1318.00
4609.00
-363.00
37.00
15.08%110.19%Net Income/Loss (+)
$854.00
1009.00
10540.00
659.00
4526.00
4373.00
3577.00
3935.00
4767.00
-12385.00
280.00
1318.00
4609.00
-363.00
37.00
15.08%110.19%Net Income/Loss (Common) (+)
$854.00
1009.00
10540.00
659.00
4526.00
4373.00
3577.00
3935.00
4767.00
-12385.00
280.00
1318.00
4609.00
-363.00
37.00
15.08%110.19%EPS (Basic)
$1.02
1.20
12.41
0.79
5.68
5.82
4.97
5.69
7.32
-19.49
0.44
2.07
7.21
-0.57
0.06
17.70%110.53%EPS (Diluted)
$1.01
1.19
12.29
0.78
5.63
5.79
4.95
5.67
7.30
-19.49
0.44
2.06
7.17
-0.57
0.06
17.74%110.53%Weighted Avg Shares (Basic)
845.52
851.59
849.38
824.27
778.51
730.77
706.91
678.95
640.09
638.15
639.93
641.24
643.32
642.72
645.31
-2.25%0.40%Cash
$2962.00
2791.00
2966.00
2088.00
1972.00
2762.00
1814.00
1565.00
2882.00
8307.00
7933.00
3266.00
2741.00
3215.00
3877.00
-0.64%20.59%Short-term Investments
$958.00
958.00
959.00
1217.00
1465.00
487.00
825.00
203.00
5789.00
3386.00
3268.00
1127.00
3396.00
589.00
1.36%-82.66%Receivables
$1563.00
1693.00
1609.00
2297.00
2020.00
2064.00
2377.00
2314.00
2854.00
1396.00
2404.00
3176.00
3130.00
3224.00
3748.00
5.96%16.25%Inventory
$
619.00
706.00
534.00
379.00
519.00
916.00
592.00
Prepaid Expenses (Current)
$1418.00
1344.00
1318.00
733.00
796.00
854.00
1499.00
1203.00
1262.00
1180.00
1119.00
1877.00
1957.00
2187.00
1913.00
2.72%-12.53%Other Assets (Current)
$828.00
867.00
2093.00
5596.00
2424.00
765.00
413.00
463.00
1251.00
732.00
1098.00
1424.00
1314.00
1379.00
1452.00
3.92%5.29%Assets (Current)
$7729.00
8272.00
9651.00
12465.00
9056.00
7451.00
7844.00
6340.00
8249.00
17404.00
15940.00
13011.00
10269.00
13401.00
11579.00
2.40%-13.60%Securities & Long-term Investments
$
1136.00
636.00
1556.00
473.00
Property, Plant & Equipment (Net)
$20223.00
20713.00
21854.00
21929.00
23039.00
24375.00
26563.00
34329.00
5627.00
32262.00
35986.00
40145.00
42490.00
40316.00
42700.00
6.38%5.91%Goodwill & Intangibles
$14545.00
14473.00
14452.00
14397.00
14655.00
14638.00
14641.00
14611.00
14944.00
15764.00
15754.00
15745.00
15736.00
15743.00
15734.00
0.66%-0.06%Other Assets
$1002.00
1092.00
6295.00
5330.00
6384.00
4797.00
4244.00
3850.00
35076.00
5010.00
4306.00
3387.00
5149.00
3674.00
4956.00
14.61%34.89%Assets (Non-current)
$35770.00
36278.00
42601.00
41656.00
44078.00
43810.00
45448.00
53926.00
56283.00
54592.00
56519.00
59277.00
63375.00
59733.00
63390.00
4.88%6.12%Assets (Total)
$43499.00
44550.00
52252.00
54121.00
53134.00
51261.00
53292.00
60266.00
64532.00
71996.00
72459.00
72288.00
73644.00
73134.00
74969.00
4.49%2.51%Accounts Payable
$3561.00
4558.00
4899.00
4888.00
5938.00
5496.00
6696.00
6263.00
6967.00
4926.00
6697.00
8394.00
9007.00
7582.00
7578.00
8.04%-0.05%Debt (Current)
$1944.00
2082.00
2149.00
1216.00
1563.00
1131.00
3309.00
2593.00
3824.00
2832.00
2882.00
3459.00
4083.00
3236.00
3909.00
6.38%20.80%Other Liabilities (Current)
$7196.00
6630.00
7104.00
10775.00
10025.00
8612.00
8568.00
9722.00
9413.00
8169.00
11387.00
14087.00
13328.00
17599.00
16991.00
5.27%-3.45%Liabilities (Current)
$12701.00
13270.00
14152.00
16879.00
17526.00
15239.00
18573.00
18578.00
20204.00
15927.00
20966.00
25940.00
26418.00
28417.00
28478.00
6.29%0.21%Debt (Non-current)
$11847.00
11082.00
9795.00
8561.00
6766.00
6201.00
6592.00
8253.00
14167.00
27425.00
25138.00
20671.00
17071.00
19823.00
16555.00
3.09%-16.49%Other Liabilities
$20347.00
22329.00
16662.00
19868.00
17992.00
17534.00
14217.00
19748.00
14803.00
27110.00
22468.00
19095.00
19050.00
18634.00
18785.00
-0.55%0.81%Liabilities (Non-current)
$32194.00
33411.00
26457.00
28429.00
24758.00
23735.00
20809.00
28001.00
28970.00
54535.00
47606.00
39766.00
36121.00
38457.00
35340.00
0.96%-8.11%Liabilities (Total)
$44895.00
46681.00
40609.00
45308.00
42284.00
38974.00
39382.00
46579.00
49174.00
70462.00
68572.00
65706.00
62539.00
66874.00
63818.00
2.80%-4.57%Treasury Stock
$231.00
234.00
258.00
313.00
373.00
274.00
158.00
198.00
236.00
259.00
282.00
313.00
341.00
337.00
366.00
3.30%8.61%Retained Earnings
$-8398.00
-7389.00
3049.00
3456.00
7623.00
7903.00
9636.00
10039.00
12454.00
-428.00
-148.00
1170.00
5650.00
807.00
5622.00
596.65%AOCI
$-6766.00
-8577.00
-5130.00
-7311.00
-7275.00
-7636.00
-7621.00
-7825.00
-7989.00
-9038.00
-7130.00
-5801.00
-5845.00
-5754.00
-5793.00
-0.68%Shareholder's Equity
$-1396.00
-2131.00
11643.00
8813.00
10850.00
12287.00
13910.00
13687.00
15358.00
1534.00
3887.00
6582.00
11105.00
6260.00
11151.00
78.13%Liabilities & Equity
$43499.00
44550.00
52252.00
54121.00
53134.00
51261.00
53292.00
60266.00
64532.00
71996.00
72459.00
72288.00
73644.00
73134.00
74969.00
4.49%2.51%Net Income/Loss
$854.00
1009.00
10540.00
659.00
4526.00
4373.00
3577.00
3935.00
4767.00
-12385.00
280.00
1318.00
4609.00
15.08%Depreciation & Amortization
$1716.00
1758.00
1812.00
1830.00
1835.00
1902.00
2235.00
2329.00
2581.00
2312.00
1998.00
2107.00
2341.00
2.62%Increase/Decrease in Working Capital
$33.00
-81.00
-439.00
768.00
-1249.00
173.00
-608.00
-423.00
-219.00
-1390.00
-2510.00
-1806.00
29.00
-1.07%Share-based Compensation
$-236.00
-154.00
-624.00
-723.00
-1013.00
-717.00
Adjustments to Reconcile Net Income
$1980.00
1467.00
-6036.00
4288.00
3401.00
2832.00
1571.00
3079.00
3658.00
8592.00
2984.00
5045.00
1855.00
-0.54%Net Cash (Operating)
$2834.00
2476.00
4504.00
4947.00
7927.00
7205.00
5148.00
7014.00
8425.00
-3793.00
3264.00
6363.00
6464.00
2235.00
2408.00
7.11%7.74%Capital Expenditure
$1254.00
772.00
811.00
587.00
1498.00
774.00
5136.00
5168.00
4936.00
1899.00
3247.00
6366.00
5323.00
370.00
310.00
12.80%-16.22%Net Cash (Investing)
$-1498.00
-1962.00
-2756.00
-2463.00
-3955.00
-2155.00
-5366.00
-4393.00
-4563.00
-9238.00
-898.00
-6924.00
-3148.00
-1100.00
-637.00
42.09%Increase/Decrease in Debt
$-1459.00
-762.00
-1046.00
-1908.00
-1860.00
-1048.00
1832.00
700.00
487.00
17492.00
-3932.00
-4475.00
-3193.00
-1166.00
-712.00
38.94%Increase/Decrease in Equity
$-63.00
-41.00
-250.00
-1100.00
-2200.00
-2601.00
-1677.00
-1575.00
-2027.00
-344.00
Interest Expenses
$925.00
834.00
698.00
560.00
452.00
385.00
390.00
376.00
481.00
761.00
1506.00
1261.00
1164.00
1.93%Dividends Paid
$
102.00
251.00
359.00
509.00
731.00
909.00
980.00
260.00
128.00
64.00
Net Cash (Financing)
$-1571.00
-755.00
-1320.00
-3240.00
-4088.00
-4260.00
-730.00
-1726.00
-2880.00
19356.00
-3852.00
-4535.00
-3394.00
-1179.00
-787.00
33.25%Increase/Decrease in Cash
$-235.00
-241.00
428.00
-756.00
-116.00
790.00
-948.00
895.00
982.00
6325.00
-1486.00
-5096.00
-78.00
-44.00
984.00
2336.36%Cash (Beginning)
$2892.00
2657.00
2416.00
2844.00
2088.00
1972.00
2762.00
1853.00
2748.00
3730.00
10055.00
8569.00
3473.00
3473.00
3395.00
1.54%-2.25%Cash (Ending)
$2657.00
2416.00
2844.00
2088.00
1972.00
2762.00
1814.00
2748.00
3730.00
10055.00
8569.00
3473.00
3395.00
3429.00
4379.00
2.06%27.70%NOPAT
$2193.30
2141.05
14181.24
1356.11
4933.89
4581.24
3836.13
4021.32
5090.03
-15030.48
1326.83
2521.00
4537.50
-355.28
186.21
6.25%152.41%Gross Margin %
70.24%
70.32%
73.11%
69.08%
83.92%
87.05%
86.10%
79.56%
81.76%
73.38%
74.32%
73.74%
78.52%
76.00%
78.59%
Operating Margin %
5.62%
5.93%
9.00%
5.47%
19.17%
17.54%
14.82%
11.93%
14.17%
-70.43%
6.10%
7.09%
9.39%
-2.14%
4.41%
NOPAT Margin %
6.25%
5.84%
37.54%
3.36%
12.12%
11.56%
9.30%
9.11%
10.90%
-84.90%
4.29%
4.88%
7.72%
-2.74%
1.34%
Net Margin %
2.43%
2.75%
27.90%
1.63%
11.12%
11.03%
8.67%
8.92%
10.21%
-69.96%
0.91%
2.55%
7.84%
-2.80%
0.27%
Tax Rate %
-11.05%
1.56%
-317.10%
38.53%
36.76%
34.10%
37.26%
23.61%
23.09%
-20.54%
29.65%
31.14%
17.81%
-28.26%
69.67%
ROA
5.04%
4.81%
27.14%
2.51%
9.29%
8.94%
7.20%
6.67%
7.89%
-20.88%
1.83%
3.49%
6.16%
-0.49%
0.25%
ROE
-157.11%
-100.47%
121.80%
15.39%
45.47%
37.29%
27.58%
29.38%
33.14%
-979.82%
34.14%
38.30%
40.86%
-5.68%
1.67%
ROIC
6.54%
6.34%
41.16%
4.28%
15.46%
12.94%
10.42%
9.25%
32.02%
-34.66%
2.89%
5.17%
9.01%
-0.77%
0.38%
Asset Turnover
0.81
0.82
0.72
0.75
0.77
0.77
0.77
0.73
0.72
0.25
0.43
0.71
0.80
0.18
0.19
Inventory Turnover
17.27
9.89
6.26
15.24
Equity Multiplier
-31.16
-20.91
4.49
6.14
4.90
4.17
3.83
4.40
4.20
46.93
18.64
10.98
6.63
11.68
6.72
Current Ratio
0.61
0.62
0.68
0.74
0.52
0.49
0.42
0.34
0.41
1.09
0.76
0.50
0.39
0.47
0.41
Quick Ratio
0.43
0.41
0.39
0.33
0.31
0.35
0.27
0.22
0.28
0.97
0.65
0.37
0.26
0.35
0.29
Debt/Equity Ratio
-9.88
-6.18
1.03
1.11
0.77
0.60
0.71
0.79
1.17
19.72
7.21
3.67
1.90
3.68
1.84
Interest Coverage Ratio
2.14
2.61
4.87
3.94
17.26
18.06
15.68
14.00
13.76
-16.39
1.25
2.90
4.74
Working Capital/Sales
-0.03
-0.04
-0.05
-0.11
-0.14
-0.09
-0.11
-0.12
-0.10
-0.26
-0.19
-0.14
-0.13
-0.75
-0.65
Dividend Payout Ratio %
0.72%
18.51%
7.28%
11.11%
19.06%
22.60%
19.25%
1.73%
2.82%
34.37%
Total Payout
$2447.00
1637.00
2096.00
3819.00
4871.00
4543.00
966.00
2160.00
3001.00
-16127.00
5438.00
5736.00
4485.00
1166.00
776.00
5.18%-33.45%Payout Ratio %
111.57%
76.46%
14.78%
281.61%
98.73%
99.17%
25.18%
53.71%
58.96%
-107.30%
409.85%
227.53%
98.84%
328.19%
416.73%