Stock Analysis on Net
Stock Analysis on Net

Delta Air Lines Inc. (NYSE:DAL)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 13, 2022.

Operating Profit Margin
since 2007

Microsoft Excel

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Calculation

Delta Air Lines Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Operating revenue1
Dec 31, 2021 = 100 × ÷
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).

1 US$ in millions

Operating Income (Loss)
The operating income exhibited significant volatility throughout the period. After a positive result of $1,096 million in 2007, the company experienced a substantial operating loss of $8,314 million in 2008. This loss was followed by smaller losses and fluctuating gains in the subsequent years, with operating income recovering to positive territory by 2010 and peaking at $7,802 million in 2015. From 2015 to 2019, operating income remained positive but showed a declining trend overall, dropping to $6,618 million in 2019. Notably, 2020 saw a sharp reversal to a large loss of $12,469 million, before a partial recovery to $1,886 million in 2021. This pattern suggests exposure to considerable external shocks and varying operational profitability.
Operating Revenue
Operating revenue demonstrated a general upward trend across the years, increasing from $19,154 million in 2007 to a peak of $47,007 million in 2019. This steady growth indicates expansion or increased sales volume during this period. However, 2020 saw a drastic decline to $17,095 million, correlating with the global downturn that year. By 2021, revenue rebounded to $29,899 million, representing a partial recovery but still below the pre-2020 maximums.
Operating Profit Margin
The operating profit margin mirrored the trends seen in operating income and revenue, with substantial fluctuations. Starting at a positive 5.72% in 2007, the margin turned deeply negative at -36.63% in 2008, reflecting the significant operating loss. The margin recovered to positive territory beginning in 2010 and generally improved, peaking at 19.17% in 2015. After some decrease to 11.85% in 2018, the margin increased again to 14.08% in 2019. The year 2020 presented an extreme negative margin of -72.94%, markedly deteriorating profitability. The margin improved to 6.31% in 2021, consistent with partial operational recovery.

Comparison to Competitors

Delta Air Lines Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Delta Air Lines Inc. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Airlines Holdings Inc. United Parcel Service Inc.
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).