Delta Air Lines Past Earnings Performance

Past criteria checks 4/6

Delta Air Lines has been growing earnings at an average annual rate of 38.1%, while the Airlines industry saw earnings growing at 33.4% annually. Revenues have been growing at an average rate of 15.5% per year. Delta Air Lines's return on equity is 34.1%, and it has net margins of 7.7%.

Key information

38.1%

Earnings growth rate

38.6%

EPS growth rate

Airlines Industry Growth	36.3%
Revenue growth rate	15.5%
Return on equity	34.1%
Net Margin	7.7%
Next Earnings Update	10 Jan 2025

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Delta Air Lines makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BASE:DAL Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	60,307	4,651	2,429
30 Jun 24	60,117	4,487	2,404
31 Mar 24	59,037	5,009	2,384
31 Dec 23	58,048	4,609	2,334
30 Sep 23	57,260	3,401	2,276
30 Jun 23	55,746	2,987	2,205
31 Mar 23	53,993	1,895	2,079
31 Dec 22	50,582	1,318	1,891
30 Sep 22	46,617	81	1,698
30 Jun 22	41,796	600	1,459
31 Mar 22	35,097	517	1,155
31 Dec 21	29,899	280	953
30 Sep 21	24,402	-67	735
30 Jun 21	18,311	-6,659	527
31 Mar 21	12,653	-13,028	355
31 Dec 20	17,095	-12,385	643
30 Sep 20	24,561	-10,532	1,036
30 Jun 20	34,059	-3,657	1,476
31 Mar 20	45,127	3,503	1,964
31 Dec 19	47,007	4,767	2,211
30 Sep 19	46,310	4,688	1,973
30 Jun 19	45,703	4,514	1,968
31 Mar 19	44,942	4,108	1,941
31 Dec 18	44,438	3,935	1,941
30 Sep 18	43,924	3,214	1,929
30 Jun 18	43,033	3,052	1,893
31 Mar 18	42,005	3,201	1,838
31 Dec 17	41,138	3,205	1,827
30 Sep 17	40,368	3,529	1,790
30 Jun 17	39,789	3,628	1,757
31 Mar 17	39,489	3,988	1,738
31 Dec 16	39,450	4,195	1,751
30 Sep 16	39,683	4,731	1,693
30 Jun 16	40,307	4,787	1,690
31 Mar 16	40,567	4,726	1,674
31 Dec 15	40,704	4,526	1,672
30 Sep 15	40,849	2,834	1,681
30 Jun 15	40,920	1,876	1,694
31 Mar 15	40,834	1,192	1,713
31 Dec 14	40,362	659	1,700
30 Sep 14	39,791	9,850	1,680
30 Jun 14	39,103	10,862	1,651
31 Mar 14	38,189	10,746	1,619
31 Dec 13	37,773	10,540	1,603

Quality Earnings: DAL has high quality earnings.

Growing Profit Margin: DAL's current net profit margins (7.7%) are higher than last year (5.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DAL's earnings have grown significantly by 38.1% per year over the past 5 years.

Accelerating Growth: DAL's earnings growth over the past year (36.8%) is below its 5-year average (38.1% per year).

Earnings vs Industry: DAL earnings growth over the past year (36.8%) exceeded the Airlines industry 12.7%.

Return on Equity

High ROE: Whilst DAL's Return on Equity (34.08%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:54
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Delta Air Lines, Inc. is covered by 51 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Staszak	Argus Research Company
Lindsay Bettiol	Atlantic Equities LLP
Fred Lowrance	Avondale Partners