Delta Air Lines Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

WBAG:DAL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
23 Jul 25	Sell€1,678,419	Edward Bastian	Individual	35,000	€47.95
15 Jul 25	Sell€864,373	Peter Carter	Individual	17,550	€49.25
15 Jul 25	Sell€867,532	Steven Sear	Individual	18,000	€48.20
11 Jul 25	Sell€2,158,002	Alain Bellemare	Individual	45,423	€48.16
11 Apr 25	Buy€346,113	David Taylor	Individual	10,000	€34.61
10 Apr 25	Buy€187,046	Greg Creed	Individual	5,000	€37.41
11 Feb 25	Sell€2,384,658	Rahul Samant	Individual	38,023	€62.72
05 Feb 25	Sell€444,186	Rahul Samant	Individual	6,700	€66.30
03 Feb 25	Sell€433,553	William Carroll	Individual	6,783	€63.92
21 Nov 24	Sell€1,456,063	Joanne Smith	Individual	23,867	€61.68
07 Nov 24	Sell€1,071,460	Rahul Samant	Individual	18,600	€57.61
06 Nov 24	Sell€2,331,699	Glen Hauenstein	Individual	40,000	€58.29
01 Nov 24	Sell€556,345	Steven Sear	Individual	10,279	€54.12
31 Oct 24	Sell€4,027,003	Glen Hauenstein	Individual	75,000	€53.69
30 Oct 24	Sell€538,972	Rahul Samant	Individual	10,000	€53.90
28 Oct 24	Sell€3,538,623	Edward Bastian	Individual	68,000	€52.04
17 Oct 24	Sell€512,358	Rahul Samant	Individual	10,000	€51.24
17 Oct 24	Sell€994,590	Alain Bellemare	Individual	19,490	€51.03
16 Oct 24	Sell€928,243	Peter Carter	Individual	18,100	€51.28
11 Oct 24	Sell€158,121	Joanne Smith	Individual	3,431	€46.09

Insider Trading Volume

Insider Buying: DAL insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of DAL?
Owner Type	Number of Shares	Ownership Percentage
State or Government	689,396	0.106%
Individual Insiders	2,495,169	0.385%
General Public	102,675,469	15.8%
Institutions	542,763,452	83.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 55.75% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.2%	The Vanguard Group, Inc.	72,924,506	€3.5b	0.71%	0.05%
7.2%	BlackRock, Inc.	46,687,078	€2.3b	7.64%	0.04%
5.71%	Capital Research and Management Company	37,052,889	€1.8b	3.67%	0.09%
4.73%	Sanders Capital, LLC	30,691,939	€1.5b	3.12%	2.08%
3.47%	State Street Global Advisors, Inc.	22,478,427	€1.1b	-0.03%	0.04%
3.3%	PRIMECAP Management Company	21,407,647	€1.0b	-2.39%	0.83%
2.5%	Geode Capital Management, LLC	16,230,362	€782.6m	2%	0.05%
1.74%	Harris Associates L.P.	11,292,182	€544.5m	15%	0.75%
1.68%	Dimensional Fund Advisors LP	10,877,945	€524.5m	-1.91%	0.08%
1.42%	Newport Trust Company, Asset Management Arm	9,216,343	€444.4m	-6.36%	1.62%
1.37%	Morgan Stanley, Investment Banking and Brokerage Investments	8,915,388	€429.9m	-12.5%	0.05%
1.3%	Qube Research & Technologies Ltd	8,427,746	€406.4m	146%	0.7%
0.98%	Invesco Capital Management LLC	6,385,383	€307.9m	32.9%	0.11%
0.9%	BNY Asset Management	5,815,791	€280.4m	67.7%	0.06%
0.89%	UBS Asset Management AG	5,763,157	€277.9m	14%	0.02%
0.87%	AQR Capital Management, LLC	5,663,395	€273.1m	140%	0.29%
0.86%	FMR LLC	5,609,693	€270.5m	-32.1%	0.02%
0.83%	GMT Capital Corp.	5,351,600	€258.1m	-2.01%	8.79%
0.79%	Northern Trust Global Investments	5,102,553	€246.0m	-1.55%	0.04%
0.7%	Arthur J Gallagher & Co., Asset Management Arm	4,540,123	€218.9m	0%	8.14%
0.67%	Goldman Sachs Asset Management, L.P.	4,376,623	€211.0m	146%	0.06%
0.67%	Pacer Advisors, Inc.	4,336,709	€209.1m	5,220%	0.55%
0.66%	Pzena Investment Management, Inc.	4,312,417	€207.9m	1.91%	0.41%
0.65%	Columbia Management Investment Advisers, LLC	4,232,974	€204.1m	347%	0.05%
0.6%	Wellington Management Group LLP	3,901,133	€188.1m	-76%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/29 18:51
End of Day Share Price	2025/07/29 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

Delta Air Lines, Inc. is covered by 48 analysts. 18 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