Microsoft Excel LibreOffice Calc

Delta Air Lines Inc. (DAL)

Price to Sales (P/S)
since 2007

Difficulty: Beginner

Calculation

Delta Air Lines Inc., P/S, long-term trends, calculation

Microsoft Excel LibreOffice Calc
P/S = Share price1, 2, 3 ÷ Sales per share1 Sales per share1 = Operating revenue1
(in millions)		 ÷ No. shares of common stock outstanding2
Dec 31, 2007 0.26 = 17.32 ÷ 65.55 65.55 = 19,154 ÷ 292,217,061
Dec 31, 2008 0.14 = 4.59 ÷ 32.50 32.50 = 22,697 ÷ 698,464,807
Dec 31, 2009 0.36 = 12.75 ÷ 35.73 35.73 = 28,063 ÷ 785,464,490
Dec 31, 2010 0.31 = 11.82 ÷ 38.04 38.04 = 31,755 ÷ 834,829,734
Dec 31, 2011 0.26 = 10.89 ÷ 41.53 41.53 = 35,115 ÷ 845,519,629
Dec 31, 2012 0.34 = 14.78 ÷ 43.06 43.06 = 36,670 ÷ 851,590,992
Dec 31, 2013 0.73 = 32.45 ÷ 44.47 44.47 = 37,773 ÷ 849,378,918
Dec 31, 2014 0.92 = 44.98 ÷ 48.97 48.97 = 40,362 ÷ 824,271,663
Dec 31, 2015 0.80 = 42.01 ÷ 52.28 52.28 = 40,704 ÷ 778,508,621
Dec 31, 2016 0.92 = 50.06 ÷ 54.24 54.24 = 39,639 ÷ 730,770,638
Dec 31, 2017 0.92 = 53.46 ÷ 58.34 58.34 = 41,244 ÷ 706,913,358
Dec 31, 2018 0.78 = 51.08 ÷ 65.45 65.45 = 44,438 ÷ 678,950,098

Based on: 10-K (filing date: 2008-02-15), 10-K (filing date: 2009-03-02), 10-K (filing date: 2010-02-24), 10-K (filing date: 2011-02-16), 10-K (filing date: 2012-02-10), 10-K (filing date: 2013-02-13), 10-K (filing date: 2014-02-24), 10-K (filing date: 2015-02-11), 10-K (filing date: 2016-02-05), 10-K (filing date: 2017-02-13), 10-K (filing date: 2018-02-23), 10-K (filing date: 2019-02-15).

1 USD $

2 Data adjusted for splits and stock dividends.

3 Close price on the filing date of Delta Air Lines Inc.’s Annual Report.

Comparison to Competitors

Delta Air Lines Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel LibreOffice Calc
Delta Air Lines Inc. Booking Holdings Inc. Marriott International Inc. McDonald’s Corp. Starbucks Corp.
Dec 31, 2007 0.26 3.10 0.97 2.83 1.79
Dec 31, 2008 0.14 1.82 0.43 2.57 0.60
Dec 31, 2009 0.36 4.49 0.88 3.02 1.62
Dec 31, 2010 0.31 7.33 1.29 3.23 2.14
Dec 31, 2011 0.26 6.76 0.94 3.78 2.68
Dec 31, 2012 0.34 6.60 1.05 3.50 2.73
Dec 31, 2013 0.73 9.85 1.19 3.40 4.08
Dec 31, 2014 0.92 7.49 1.67 3.33 3.55
Dec 31, 2015 0.80 6.65 1.14 4.20 4.73
Dec 31, 2016 0.92 7.47 1.98 4.29 3.81
Dec 31, 2017 0.92 7.13 2.21 5.68 3.62
Dec 31, 2018 0.78 5.91 2.04 6.67 3.42

Based on: 10-K (filing date: 2008-02-15), 10-K (filing date: 2009-03-02), 10-K (filing date: 2010-02-24), 10-K (filing date: 2011-02-16), 10-K (filing date: 2012-02-10), 10-K (filing date: 2013-02-13), 10-K (filing date: 2014-02-24), 10-K (filing date: 2015-02-11), 10-K (filing date: 2016-02-05), 10-K (filing date: 2017-02-13), 10-K (filing date: 2018-02-23), 10-K (filing date: 2019-02-15).

Comparison to Travel & Leisure Sector

Delta Air Lines Inc., P/S, long-term trends, comparison to Travel & Leisure sector

Microsoft Excel LibreOffice Calc
Delta Air Lines Inc. Travel & Leisure
Dec 31, 2007 0.26 1.57
Dec 31, 2008 0.14 1.10
Dec 31, 2009 0.36 1.55
Dec 31, 2010 0.31 1.82
Dec 31, 2011 0.26 2.03
Dec 31, 2012 0.34 2.03
Dec 31, 2013 0.73 2.65
Dec 31, 2014 0.92 2.56
Dec 31, 2015 0.80 2.82
Dec 31, 2016 0.92 2.98
Dec 31, 2017 0.92 3.19
Dec 31, 2018 0.78 3.09

Based on: 10-K (filing date: 2008-02-15), 10-K (filing date: 2009-03-02), 10-K (filing date: 2010-02-24), 10-K (filing date: 2011-02-16), 10-K (filing date: 2012-02-10), 10-K (filing date: 2013-02-13), 10-K (filing date: 2014-02-24), 10-K (filing date: 2015-02-11), 10-K (filing date: 2016-02-05), 10-K (filing date: 2017-02-13), 10-K (filing date: 2018-02-23), 10-K (filing date: 2019-02-15).

Comparison to Consumer Services Industry

Delta Air Lines Inc., P/S, long-term trends, comparison to Consumer Services industry

Microsoft Excel LibreOffice Calc
Delta Air Lines Inc. Consumer Services
Dec 31, 2007 0.26 0.92
Dec 31, 2008 0.14 0.66
Dec 31, 2009 0.36 0.72
Dec 31, 2010 0.31 0.85
Dec 31, 2011 0.26 0.82
Dec 31, 2012 0.34 0.93
Dec 31, 2013 0.73 1.15
Dec 31, 2014 0.92 1.17
Dec 31, 2015 0.80 1.28
Dec 31, 2016 0.92 1.30
Dec 31, 2017 0.92 1.47
Dec 31, 2018 0.78 1.47

Based on: 10-K (filing date: 2008-02-15), 10-K (filing date: 2009-03-02), 10-K (filing date: 2010-02-24), 10-K (filing date: 2011-02-16), 10-K (filing date: 2012-02-10), 10-K (filing date: 2013-02-13), 10-K (filing date: 2014-02-24), 10-K (filing date: 2015-02-11), 10-K (filing date: 2016-02-05), 10-K (filing date: 2017-02-13), 10-K (filing date: 2018-02-23), 10-K (filing date: 2019-02-15).