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.

Return on Assets (ROA)
since 2007

Microsoft Excel

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Calculation

Delta Air Lines Inc., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income (loss)1 ÷ Total assets1
Dec 31, 2021 = 100 × ÷
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Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷

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

Net Income (Loss) Trend
The net income experienced significant fluctuations throughout the period analyzed. Initially, there was a positive net income of 1,612 million US dollars in 2007, followed by a sharp decline into negative territory in 2008 and 2009, reaching a low point of -8,922 million in 2008. Subsequently, net income recovered gradually from 2010 onward, peaking notably at 10,540 million US dollars in 2013. After this peak, net income showed variability, with another substantial peak of 4,767 million US dollars in 2019 before a pronounced loss of -12,385 million in 2020, likely reflecting the impact of extraordinary events. The latest data point in 2021 shows a return to a modest positive net income of 280 million US dollars.
Total Assets Trend
Total assets displayed a generally upward trajectory over the period. Beginning at 32,423 million US dollars in 2007, the asset base expanded steadily, with some minor fluctuations, reaching 72,459 million US dollars by the end of 2021. This represents more than a doubling of total assets over the analyzed period, indicating continuous asset growth and possibly ongoing investment or capital expansion strategies.
Return on Assets (ROA) Trend
Return on Assets mirrored the volatility observed in net income. The initial ROA was positive at 4.97% in 2007 but fell sharply to negative values in 2008 (-19.82%) and 2009 (-2.84%), consistent with reported net losses. ROA improved steadily from 2010 to 2013, reaching a notable peak of 20.17% in 2013, indicating highly efficient asset utilization during that year. The performance stabilized at moderate positive levels between 2014 and 2019, with ROA values ranging roughly between 1.22% and 8.53%. However, 2020 saw a pronounced negative ROA of -17.2%, followed by a return to near neutral levels (0.39%) in 2021, reflecting significant operational challenges and recovery efforts in that period.
Overall Insights
The financial data highlights a company undergoing cyclical challenges and recoveries. The severe net income losses and negative ROA in 2008 and 2020 point to considerable external shocks or operational difficulties during those years. Asset growth was steady and robust throughout, suggesting ongoing investment or asset acquisition despite earnings volatility. The sharp recovery years, particularly 2013 and 2019, demonstrate the company's ability to realize strong profitability and asset utilization when conditions are favorable. The data for 2020 and 2021 indicate a disruptive event followed by initial recovery signs.

Comparison to Competitors

Delta Air Lines Inc., ROA, 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).

Comparison to Sector (Transportation)

Delta Air Lines Inc., ROA, long-term trends, comparison to sector (transportation)

Microsoft Excel
Delta Air Lines Inc. Transportation
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
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Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2007

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).

Comparison to Industry (Industrials)

Delta Air Lines Inc., ROA, long-term trends, comparison to industry (industrials)

Microsoft Excel
Delta Air Lines Inc. Industrials
Dec 31, 2021
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Dec 31, 2007

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).