Delta Air Lines stock | 2026 rating, price & analyst opinions

Delta Air Lines

NYSE:DAL

$ 67,10

$-0,14 (-0,21%)

67,10 $

$-0,14 (-0,21%)

End-of-day quote: 12/05/2025

Delta Air Lines Stock Value

The current analyst recommendation for NYSE:DAL is: Buy.

Buy

Delta Air Lines Company Info

EPS Growth 5Y

-3,37%

Market Cap

$43,61 B

Long-Term Debt

$13,55 B

Short Interest

2,05%

Annual earnings

01/13/2026

Dividend

$0,75

Dividend Yield

1,12%

Founded

1924

Industry

Industrials

Country

United States

ISIN Number

US2473617023

Website

http://www.delta.com

Analyst Price Target

$72,50

8.05%

Last Update: 12/05/2025

Analysts: 21

Highest Price Target $90,00

Average Price Target $72,50

Lowest Price Target $32,00

In the last five quarters, Delta Air Lines’s Price Target has risen from $62,52 to $75,29 - a 20,43% increase. Twenty analysts predict that Delta Air Lines’s share price will increase in the coming year, reaching $72,50. This would represent an increase of 8,05%.

Top growth stocks in the industrials sector (5Y.)

What does Delta Air Lines do?

Delta Air Lines, Inc. (Delta) operates as a global airline based in the United States. The company connects customers across its expansive global network with a commitment to ensuring that the future of travel is connected, personalized, and enjoyable. In 2024, the company served over 200 million customers safely, reliably, and with industry-leading customer service innovation. Segments The company operates through two operating segments, Airline and Refinery. Airline The company’s Airline...

Delta Air Lines, Inc. (Delta) operates as a global airline based in the United States.

The company connects customers across its expansive global network with a commitment to ensuring that the future of travel is connected, personalized, and enjoyable. In 2024, the company served over 200 million customers safely, reliably, and with industry-leading customer service innovation.

Segments

The company operates through two operating segments, Airline and Refinery.

Airline

The company’s Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the U.S. and around the world; and includes the company’s loyalty program, as well as other ancillary businesses. This allows the company to benefit from an integrated revenue pricing and route network. The company’s flight equipment forms one fleet, which is deployed through a single route scheduling system.

Refinery

The company’s Monroe subsidiary operates the Trainer oil refinery and related assets located near Philadelphia, Pennsylvania, as part of the company’s strategy to mitigate the cost of the refining margin reflected in the price of jet fuel. Monroe's operations include pipelines and terminal assets that allow the refinery to supply jet fuel to the company’s airline operations throughout the Northeastern U.S., including the company’s New York hubs at LaGuardia and JFK.

The company’s Refinery segment operates for the benefit of the airline segment by providing jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third parties. The refinery's production consists of jet fuel, as well as non-jet fuel products. The company exchange the non-jet fuel products produced by the refinery with counterparties for jet fuel consumed in its airline operations.

Global Network

The company and its alliance partners collectively serve over 120 countries and territories and over 800 destinations around the world. As of December 31, 2024, the company offered up to 5,000 peak-day flights to more than 290 destinations on six continents.

The company’s domestic network is centered around core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City. Core hubs have strong local passenger share, a high penetration of customers loyal to Delta, a competitive cost position and strong margins. Core hub positions complement coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle. Coastal hubs provide a strong presence in large revenue markets and enable growth in premium products and international service.

In 2024, the company focused on increasing flights at its core hubs while improving the efficiency of the company’s operations in its coastal hubs. The company continues to leverage its coastal gateways and strategic relationships with international airline partners to further expand its international service.

Internationally, the company seeks to bring more choice to customers through innovative alliances with Aeroméxico, Air France-KLM, China Eastern, LATAM Airlines Group S.A. (LATAM), Korean Air, and Virgin Atlantic. The company operates significant hubs in, or has market presence in the key cities of, Amsterdam, Bogota, Lima, London-Heathrow, Mexico City, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. The company’s strategic relationships with international airlines are an important part of its business as they improve the company’s access to markets around the world and enable it to provide customers a more seamless global travel experience across its alliance network. The most significant of these arrangements are commercial joint ventures or cooperation agreements that include joint sales and marketing coordination, co-location of airport facilities and other commercial cooperation arrangements. In some cases, the company has reinforced strategic alliances through equity investments where it has the opportunity to create deep relationships and maximize commercial cooperation.

The company’s global network is supported by a fleet of 1,292 aircraft as of December 31, 2024, that are varied in size and capabilities, giving the company flexibility to adjust aircraft to the network. The company is continuing to refresh its fleet by acquiring new and more fuel-efficient aircraft with increased premium seating and cargo capacity to replace retiring aircraft, while modifying its existing aircraft cabins to increase premium offerings and harmonize interiors. Simultaneously, the company continues its multi-year journey of fleet simplification by replacing retiring aircraft with deliveries of next-generation aircraft. In 2024, the company took delivery of 38 aircraft, including A321neos, A220-300s, A330-900s, and A350-900 aircraft.

Customer Loyalty

The company continues to invest in elevated customer experiences through generational airport investments, including new Delta One Lounges and Delta Sky Clubs in key markets, and innovative technology initiatives, such as Delta Sync to deliver seamless, personalized experiences at scale.

The company’s SkyMiles program is designed to attract lifetime members and to grow customer loyalty by offering its customers a wide variety of benefits when traveling with the company and its partners, and personalizing its engagement with them.

SkyMiles Program

The company’s SkyMiles program provides members with the ability to earn mileage credits (‘miles’) when traveling on Delta, Delta Connection, and the company’s partner airlines. Miles may also be earned by using certain services offered by program partners, such as credit card, retail, ridesharing, car rental, and hotel companies. To facilitate transactions with participating companies, the company sells miles to non-airline businesses and other airlines.

Miles may be used toward award redemptions, such as flights and upgrades on Delta, the company’s regional carriers and other participating airlines, as well as donations to specific charities and more. The company’s most significant and valuable contract to sell miles relates to its co-brand credit card relationship with American Express.

Commercial Arrangements with Other Airlines

Joint Venture/Cooperation Agreements: The company has implemented four separate joint venture or joint cooperation agreements with foreign carriers as described below. The company has sought to reinforce these agreements through equity investments in those carriers.

Each of the company’s joint venture or cooperation arrangements provides for joint commercial cooperation with the relevant partner within the geographic scope of the arrangement, including the sharing of revenues and/or profits and losses generated by the parties on the joint venture routes, as well as joint marketing and sales, coordinated pricing and revenue management, network and schedule planning and other coordinated activities with respect to the parties' operations on joint venture routes. The company’s implemented commercial joint ventures/cooperation agreements consist of the following:

A combined joint venture with Air France, KLM, and Virgin Atlantic with respect to transatlantic traffic flows. In addition to the joint venture, the company owns a non-controlling 49% equity stake in Virgin Atlantic Limited, the parent company of Virgin Atlantic Airways and a 3% ownership stake in the parent company of Air France and KLM.

A joint cooperation agreement with Aeromexico with respect to trans-border traffic flows between the U.S. and Mexico. In addition to the joint cooperation agreement, the company owns an approximately 20% equity stake in Grupo Aeromexico, S.A.B. de C.V., the parent company of Aeromexico.

A joint venture agreement with LATAM with respect to traffic flows between North and South America, allowing the company’s passengers to access more than 300 destinations between the United States/Canada and Brazil, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay. The company owns an approximately 10% equity stake in LATAM.

A joint venture with Korean Air with respect to traffic flows between the United States and certain countries in Asia. In addition to the joint venture, the company owns just under 15% of the outstanding common stock of Hanjin-KAL, the largest shareholder of Korean Air.

Each of the company’s joint venture or joint cooperation agreements described above has been approved and granted antitrust immunity from the U.S. Department of Transportation (‘DOT’). The grant of antitrust immunity for the company’s joint cooperation agreement with Aeromexico is subject to a pending renewal application with the DOT, which was tentatively dismissed pursuant to an Order to Show Cause issued by the DOT on January 26, 2024. The existing immunity remains in effect pending final adjudication of the renewal application, the timing and outcome of which cannot be predicted at this time.

Enhanced Commercial Agreements with China Eastern: The company owns a 2% equity interest in China Eastern, with whom the company has a strategic joint marketing and commercial cooperation arrangement covering traffic flows between China and the U.S., which includes reciprocal codesharing, loyalty program participation, airport lounge access and joint sales cooperation.

SkyTeam. The company is a member of the SkyTeam global airline alliance. The other members of SkyTeam are Aerolíneas Argentinas, Aeroméxico, Air Europa (Spain), Air France, China Airlines, China Eastern, Garuda Indonesia, ITA Airways (formerly Alitalia), Kenya Airways, KLM, Korean Air, Middle East Airlines, SAS Scandinavian Airlines, Saudia, TAROM (Romania), Vietnam Airlines, Virgin Atlantic, and Xiamen Airlines (China). Through alliance arrangements with other SkyTeam carriers, the company is able to link its route network with those of the other member airlines, providing opportunities to increase connecting traffic while offering enhanced customer service through reciprocal codesharing and loyalty program participation, airport lounge access and cargo operations.

Other International Carriers. The company also has marketing arrangements with other airlines to enhance the company’s global network. These arrangements may include codesharing, reciprocal loyalty program benefits, shared or reciprocal access to passenger lounges, joint promotions, common use of airport gates and ticket counters, office co-location, and other activities.

Regional Carriers

The company has air service agreements with domestic regional air carriers that feed traffic to the company’s network by serving passengers primarily in small and medium-sized cities in the domestic market. These arrangements enable the company to better match capacity with demand in these markets.

Through the company’s regional carrier program, Delta Connection, the company has contractual arrangements with regional carriers to operate aircraft using the company’s ‘DL’ designator code. The company has contractual arrangements with Endeavor Air, Inc., a wholly owned subsidiary of the company (‘Endeavor’); Republic Airways, Inc.; and SkyWest Airlines, Inc. (‘SkyWest Airlines’).

The company’s contractual agreements with regional carriers are primarily capacity purchase arrangements, under which the company controls the scheduling, pricing, reservations, ticketing, and seat inventories for the regional carriers' flights operating under the company’s ‘DL’ designator code. The company is entitled to all ticket, cargo, mail, in-flight, and ancillary revenues associated with the flights under these capacity purchase arrangements.

SkyWest Airlines operates some flights for the company under a revenue proration agreement. This proration agreement establishes a fixed dollar or percentage division of revenues for tickets sold to passengers traveling on connecting flight itineraries.

Cargo

Through the company’s global network, its cargo operations are able to connect the world’s major freight gateways. The company generates cargo revenues in domestic and international markets through the use of cargo space on regularly scheduled passenger aircraft. The company is a member of SkyTeam Cargo, an international airline cargo alliance with eight other airlines that offer a network spanning six continents, through which the company provides global solutions to its customers by connecting the company’s network with those partners.

Other Complementary Businesses

The company has various other businesses arising from its airline operations, including the following:

In addition to providing maintenance and engineering support for the company’s fleet of 1,292 mainline and regional aircraft, the company’s MRO operation, known as Delta TechOps, serves aviation and airline customers from around the world. With agreements to service multiple next-generation aircraft engines, Delta TechOps is positioned as a leading global service provider for more sustainable engines.

The company’s package subsidiary, Delta Vacations, provides elevated, all-in-one, customized and flexible vacation experiences designed for members of its SkyMiles program. Revenue allocated to Delta Vacations excludes flight revenue associated with vacation packages.

Monroe Energy

The company’s Monroe subsidiaries operate the Trainer refinery and related logistics assets located near Philadelphia, Pennsylvania. The facilities include pipelines and terminal assets that allow the refinery to supply jet fuel to the company’s airline operations throughout the Northeastern U.S., including the company’s New York hubs at LaGuardia and JFK. The company owns Monroe (Monroe Energy, LLC) as part of its strategy to mitigate the cost of the refining margin reflected in the price of jet fuel, as well as to maintain sufficiency of supply to its New York operations.

Refinery Operations: The facility is capable of refining approximately 200,000 barrels of crude oil per day and sources domestic and foreign crude oil supply from a variety of providers.

Strategic Agreements: Monroe has agreements in place to exchange the non-jet fuel products the refinery produces with third parties for jet fuel consumed in the company’s airline operations.

Competition

Domestic

The company’s domestic operations are subject to significant competition from traditional network carriers, including American Airlines and United Airlines; national point-to-point carriers, including Alaska Airlines, JetBlue Airways, and Southwest Airlines; and other discount or ultra-low-cost carriers, including Allegiant Air, Avelo Airlines, Breeze Airways, Frontier Airlines, and Spirit Airlines.

Regulatory Matters

Route Authority

The company’s flight operations are authorized by certificates of public convenience and necessity and also by exemptions and limited-entry frequency awards issued by the DOT.

Airport Access

In the U.S., the FAA regulates the allocation of slots, slot exemptions, operating authorizations or similar capacity allocation mechanisms at Reagan National in Washington, D.C. and LaGuardia and JFK in the New York City area. The company’s operations at these airports generally require the allocation of slots or analogous regulatory authorizations. Similarly, the company’s operations at London's Heathrow airport and other international airports are regulated by local slot coordinators pursuant to the International Air Transport Association's Worldwide Scheduling Guidelines and applicable local law.

The company participates in the Civil Reserve Air Fleet program (the ‘CRAF Program’), which permits the U.S. military to use the aircraft and crew resources of participating the U.S. airlines during airlift emergencies, national emergencies or times of war.

History

Delta Air Lines, Inc. was founded in 1924. The company was incorporated in 1967.

Delta Air Lines Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Revenue distribution by industry: Passenger traffic: approx. 75% Cargo: approx. 10% Ancillary services (e.g. frequent flyer program, onboard sales): approx. 15% TOP 3 markets and their percentage shares: USA: approx. 60% Europe: approx. 20% Latin America: approx. 10% Delta Air Lines generates th...

At which locations are the company’s products manufactured?

Production Sites: Delta Air Lines does not produce physical products in the traditional sense, as it is an airline. Delta Air Lines, Inc. is primarily engaged in the transportation of passengers and cargo. The company does not operate production facilities for physical products, but focuses on the o...

What strategy does Delta Air Lines pursue for future growth?

Revenue Growth: Estimated 8-10% annually (2025-2027) Investments in Sustainable Technologies: 1 billion USD by 2030 Delta Air Lines is pursuing a strategy focused on sustainable growth and innovation. A central part of this strategy is investing in sustainable technologies to reduce CO2 emissions. T...

Which raw materials are imported and from which countries?

Kerosene: Main import from Canada and the Middle East. Aluminum: Imported from China and Russia. Titanium: Sourced from Japan and Russia. Delta Air Lines, Inc. imports a variety of raw materials and materials necessary for the operation and maintenance of its aircraft. The most important raw materia...

How strong is the company’s competitive advantage?

Market share in the USA: approx. 17% (2024) Customer satisfaction: 81% (2024, ACSI) Fleet modernization: Investments of over 10 billion USD (2023-2025) Delta Air Lines, Inc. has a significant competitive advantage due to its strong market position in the USA, where it holds a market share of about 1...

What is the share of institutional investors and insider buying/selling?

Institutional investor share: approx. 70% (estimated for 2025 based on historical data) Insider purchases/sales: No significant transactions reported in the last year (estimated for 2025) The institutional investor share in Delta Air Lines, Inc. traditionally stands at about 70%. This high participa...

What percentage market share does Delta Air Lines have?

Market share of Delta Air Lines: 17% (estimated for 2025) Main competitors and their market shares: American Airlines Group Inc. (NASDAQ:AAL): 18% Southwest Airlines Co. (NYSE:LUV): 16% United Airlines Holdings, Inc. (NASDAQ:UAL): 15% Delta Air Lines, Inc. (NYSE:DAL): 17% Alaska Air Group, Inc. (NY...

Is Delta Air Lines stock currently a good investment?

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) Passenger Growth: 7% (2024) Delta Air Lines recorded a revenue growth of 10% in 2024, attributed to a recovery in travel activity and increased demand in air travel. Profit growth was at 8%, indicating efficient cost controls and improved operation...

Does Delta Air Lines pay a dividend – and how reliable is the payout?

Dividend payment: Yes, Delta Air Lines pays a dividend. Dividend yield: 2.5% (2025) Payout ratio: 35% (2025) Delta Air Lines resumed paying dividends to its shareholders in 2025 after suspending payouts during the pandemic. The current dividend yield is 2.5%, which is competitive compared to other c...

Delta Air Lines Stock Value

Delta Air Lines Company Info

Analyst Price Target

Top growth stocks in the industrials sector (5Y.)

What does Delta Air Lines do?

Delta Air Lines Questions and Answers

Offer & Services

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