Delta Air Lines annual free cash flow
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Delta Air Lines Free Cash Flow (FCF) History (DAL)
Delta Air Lines reported $3.84B in free cash flow for fiscal 2025, an increase of 33.21% from the previous fiscal year, with a free cash flow margin of 6.06%.
View full Delta Air Lines company overviewDelta Air Lines free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.84B | $958.0M | +33.21% | +6.06% |
| 2024 | 2024-12-31 | $2.88B | $1.74B | +152.85% | +4.68% |
| 2023 | 2023-12-31 | $1.14B | $1.14B | — | +1.97% |
| 2022 | 2022-12-31 | −$3.0M | −$20.0M | — | −0.01% |
| 2021 | 2021-12-31 | $17.0M | $5.71B | — | +0.06% |
| 2020 | 2020-12-31 | −$5.69B | −$9.18B | — | −33.30% |
| 2019 | 2019-12-31 | $3.49B | $1.64B | +89.00% | +7.42% |
| 2018 | 2018-12-31 | $1.85B | $714.0M | +63.07% | +4.15% |
| 2017 | 2017-12-31 | $1.13B | −$2.69B | −70.40% | +2.75% |
| 2016 | 2016-12-31 | $3.82B | −$1.16B | −23.24% | +9.69% |
| 2015 | 2015-12-31 | $4.98B | $2.28B | +84.66% | +12.24% |
| 2014 | 2014-12-31 | $2.70B | $762.0M | +39.36% | +6.68% |
| 2013 | 2013-12-31 | $1.94B | $1.43B | +281.10% | +5.13% |
| 2012 | 2012-12-31 | $508.0M | −$1.07B | −67.85% | +1.39% |
| 2011 | 2011-12-31 | $1.58B | $90.0M | +6.04% | +4.50% |
| 2010 | 2010-12-31 | $1.49B | $1.31B | +741.81% | +4.69% |
| 2009 | 2009-12-31 | $177.0M | $2.13B | — | +0.63% |
| 2008 | 2008-12-31 | −$1.95B | — | — | — |
Delta Air Lines quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $137.0M | −$511.0M | −78.86% | +0.69% |
| Q1 2026 | 2026-03-31 | $1.23B | $78.0M | +6.76% | +7.77% |
| Q4 2025 | 2025-12-31 | $1.35B | $771.0M | +132.25% | +8.46% |
| Q3 2025 | 2025-09-30 | $687.0M | $741.0M | — | +4.12% |
| Q2 2025 | 2025-06-30 | $648.0M | −$493.0M | −43.21% | +3.89% |
| Q1 2025 | 2025-03-31 | $1.15B | −$61.0M | −5.02% | +8.22% |
| Q4 2024 | 2024-12-31 | $583.0M | $1.64B | — | +3.75% |
| Q3 2024 | 2024-09-30 | −$54.0M | $139.0M | — | −0.34% |
| Q2 2024 | 2024-06-30 | $1.14B | −$15.0M | −1.30% | +6.85% |
| Q1 2024 | 2024-03-31 | $1.22B | −$20.0M | −1.62% | +8.84% |
| Q4 2023 | 2023-12-31 | −$1.06B | −$45.0M | — | −7.43% |
| Q3 2023 | 2023-09-30 | −$193.0M | $380.0M | — | −1.25% |
| Q2 2023 | 2023-06-30 | $1.16B | −$421.0M | −26.70% | +7.42% |
| Q1 2023 | 2023-03-31 | $1.24B | $1.23B | +24600.00% | +9.68% |
| Q4 2022 | 2022-12-31 | −$1.01B | −$350.0M | — | −7.53% |
| Q3 2022 | 2022-09-30 | −$573.0M | $106.0M | — | −4.10% |
| Q2 2022 | 2022-06-30 | $1.58B | $472.0M | +42.71% | +11.41% |
| Q1 2022 | 2022-03-31 | $5.0M | −$248.0M | −98.02% | +0.05% |
| Q4 2021 | 2021-12-31 | −$662.0M | $1.17B | — | −6.99% |
| Q3 2021 | 2021-09-30 | −$679.0M | $2.03B | — | −7.42% |
| Q2 2021 | 2021-06-30 | $1.10B | $1.68B | — | +15.51% |
| Q1 2021 | 2021-03-31 | $253.0M | $832.0M | — | +6.10% |
| Q4 2020 | 2020-12-31 | −$1.83B | −$1.73B | — | −46.14% |
| Q3 2020 | 2020-09-30 | −$2.71B | −$4.01B | — | −88.44% |
| Q2 2020 | 2020-06-30 | −$572.0M | −$2.28B | — | −38.96% |
| Q1 2020 | 2020-03-31 | −$579.0M | −$1.16B | — | −6.74% |
| Q4 2019 | 2019-12-31 | −$100.0M | $16.0M | — | −0.87% |
| Q3 2019 | 2019-09-30 | $1.30B | $761.0M | +141.71% | +10.33% |
| Q2 2019 | 2019-06-30 | $1.71B | $391.0M | +29.67% | +13.63% |
| Q1 2019 | 2019-03-31 | $582.0M | $475.0M | +443.93% | +5.56% |
| Q4 2018 | 2018-12-31 | −$116.0M | −$847.0M | — | −1.08% |
| Q3 2018 | 2018-09-30 | $537.0M | −$115.0M | −17.64% | +4.49% |
| Q2 2018 | 2018-06-30 | $1.32B | −$63.0M | −4.56% | +11.19% |
| Q1 2018 | 2018-03-31 | $107.0M | $1.74B | — | +1.07% |
| Q4 2017 | 2017-12-31 | $731.0M | $390.0M | +114.37% | +7.15% |
| Q3 2017 | 2017-09-30 | $652.0M | −$522.0M | −44.46% | +5.89% |
| Q2 2017 | 2017-06-30 | $1.38B | −$788.0M | −36.33% | +12.85% |
| Q1 2017 | 2017-03-31 | −$1.63B | −$1.77B | — | −17.93% |
| Q4 2016 | 2016-12-31 | $341.0M | −$260.0M | −43.26% | +3.68% |
| Q3 2016 | 2016-09-30 | $1.17B | −$331.0M | −21.99% | +11.20% |
| Q2 2016 | 2016-06-30 | $2.17B | $343.0M | +18.78% | +20.76% |
| Q1 2016 | 2016-03-31 | $140.0M | −$910.0M | −86.67% | +1.51% |
| Q4 2015 | 2015-12-31 | $601.0M | $679.0M | — | +6.32% |
| Q3 2015 | 2015-09-30 | $1.50B | $604.0M | +67.04% | +13.55% |
| Q2 2015 | 2015-06-30 | $1.83B | $288.0M | +18.73% | +17.05% |
| Q1 2015 | 2015-03-31 | $1.05B | $713.0M | +211.57% | +11.18% |
| Q4 2014 | 2014-12-31 | −$78.0M | −$257.0M | — | −0.81% |
| Q3 2014 | 2014-09-30 | $901.0M | $371.0M | +70.00% | +8.06% |
| Q2 2014 | 2014-06-30 | $1.54B | $668.0M | +76.78% | +14.48% |
| Q1 2014 | 2014-03-31 | $337.0M | −$20.0M | −5.60% | +3.78% |
| Q4 2013 | 2013-12-31 | $179.0M | $167.0M | +1391.67% | +1.97% |
| Q3 2013 | 2013-09-30 | $530.0M | $493.0M | +1332.43% | +5.05% |
| Q2 2013 | 2013-06-30 | $870.0M | $835.0M | +2385.71% | +8.96% |
| Q1 2013 | 2013-03-31 | $357.0M | −$67.0M | −15.80% | +4.20% |
| Q4 2012 | 2012-12-31 | $12.0M | −$778.0M | −98.48% | +0.14% |
| Q3 2012 | 2012-09-30 | $37.0M | $368.0M | — | +0.37% |
| Q2 2012 | 2012-06-30 | $35.0M | $42.0M | — | +0.36% |
| Q1 2012 | 2012-03-31 | $424.0M | −$24.0M | −5.36% | +5.04% |
| Q4 2011 | 2011-12-31 | $790.0M | $1.65B | — | +9.41% |
| Q3 2011 | 2011-09-30 | −$331.0M | −$752.0M | — | −3.37% |
| Q2 2011 | 2011-06-30 | −$7.0M | −$1.01B | — | −0.08% |
| Q1 2011 | 2011-03-31 | $448.0M | −$476.0M | −51.52% | +5.78% |
| Q4 2010 | 2010-12-31 | −$856.0M | −$759.0M | — | — |
| Q3 2010 | 2010-09-30 | $421.0M | — | — | +4.70% |
| Q2 2010 | 2010-06-30 | $1.00B | — | — | — |
| Q1 2010 | 2010-03-31 | $924.0M | — | — | — |
| Q3 2009 | 2009-09-30 | −$97.0M | — | — | — |
Delta Air Lines free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$5.69B to $3.84B, a net increase of $9.54B. Delta Air Lines's latest reported quarter, Q2 2026, generated $137.0M in free cash flow, a decrease of 78.86% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Delta Air Lines filings at SEC.gov ↗