Stock Analysis on Net

Delta Air Lines Inc. (NYSE:DAL)

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

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Delta Air Lines Inc., profitability ratios (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Return on Sales
Gross profit margin 55.09% 53.98% 51.85% 47.65% 40.63% 27.48% 37.44% 46.59% 52.27% 56.51% 57.60% 56.94% 56.33% 55.96% 56.25% 56.61% 57.19% 57.88% 57.91%
Operating profit margin 7.67% 7.13% 6.31% 3.13% -42.74% -106.35% -72.94% -41.58% -5.15% 11.50% 14.08% 13.63% 12.87% 12.10% 11.85% 12.21% 12.92% 14.04% 14.82%
Net profit margin 1.44% 1.47% 0.94% -0.28% -36.37% -102.96% -72.45% -42.88% -10.74% 7.76% 10.14% 10.12% 9.88% 9.14% 8.86% 7.94% 7.77% 8.39% 8.67%
Return on Investment
Return on equity (ROE) 15.74% 17.29% 7.20% -2.61% -519.83% -2,702.90% -807.37% -313.70% -42.08% 24.48% 31.04% 31.11% 32.35% 31.82% 28.75% 25.45% 26.00% 28.12% 25.72%
Return on assets (ROA) 0.80% 0.70% 0.39% -0.09% -8.84% -17.83% -17.20% -13.32% -5.06% 5.10% 7.39% 7.42% 7.22% 6.64% 6.53% 6.34% 5.99% 6.53% 6.71%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Delta Air Lines Inc. gross profit margin ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Delta Air Lines Inc. operating profit margin ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Delta Air Lines Inc. net profit margin ratio improved from Q4 2021 to Q1 2022 but then slightly deteriorated from Q1 2022 to Q2 2022.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Delta Air Lines Inc. ROE improved from Q4 2021 to Q1 2022 but then slightly deteriorated from Q1 2022 to Q2 2022.
ROA A profitability ratio calculated as net income divided by total assets. Delta Air Lines Inc. ROA improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Gross Profit Margin

Delta Air Lines Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 7,718 4,646 5,433 5,227 3,640 1,204 1,557 1,038 (322) 4,127 6,600 7,397 7,378 5,701 5,895 6,770 6,782 5,549 5,773 6,517 6,508 5,088
Operating revenue 13,824 9,348 9,469 9,154 7,126 4,150 3,973 3,062 1,468 8,592 11,439 12,560 12,536 10,472 10,742 11,953 11,775 9,968 10,245 11,060 10,791 9,148
Profitability Ratio
Gross profit margin1 55.09% 53.98% 51.85% 47.65% 40.63% 27.48% 37.44% 46.59% 52.27% 56.51% 57.60% 56.94% 56.33% 55.96% 56.25% 56.61% 57.19% 57.88% 57.91%
Benchmarks
Gross Profit Margin, Competitors2
Uber Technologies Inc. 42.38% 45.50% 46.43% 48.20% 48.88% 50.22% 53.73% 53.17% 52.45% 50.91% 49.05%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Gross profit margin = 100 × (Gross profitQ2 2022 + Gross profitQ1 2022 + Gross profitQ4 2021 + Gross profitQ3 2021) ÷ (Operating revenueQ2 2022 + Operating revenueQ1 2022 + Operating revenueQ4 2021 + Operating revenueQ3 2021)
= 100 × (7,718 + 4,646 + 5,433 + 5,227) ÷ (13,824 + 9,348 + 9,469 + 9,154) = 55.09%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Delta Air Lines Inc. gross profit margin ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Operating Profit Margin

Delta Air Lines Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Operating income (loss) 1,519 (783) 263 2,205 816 (1,398) (858) (6,386) (4,815) (410) 1,399 2,071 2,128 1,020 1,091 1,645 1,684 844 1,194 1,839 2,028 1,053
Operating revenue 13,824 9,348 9,469 9,154 7,126 4,150 3,973 3,062 1,468 8,592 11,439 12,560 12,536 10,472 10,742 11,953 11,775 9,968 10,245 11,060 10,791 9,148
Profitability Ratio
Operating profit margin1 7.67% 7.13% 6.31% 3.13% -42.74% -106.35% -72.94% -41.58% -5.15% 11.50% 14.08% 13.63% 12.87% 12.10% 11.85% 12.21% 12.92% 14.04% 14.82%
Benchmarks
Operating Profit Margin, Competitors2
FedEx Corp. 6.47% 6.54% 6.98% 5.76% 5.27% 4.24% 3.49% 4.68% 5.43% 6.27% 6.41% 6.71% 6.88% 7.18% 7.44%
Uber Technologies Inc. -9.07% -13.04% -21.97% -28.04% -36.73% -47.47% -43.66% -41.16% -37.93% -61.73% -60.76%
Union Pacific Corp. 41.59% 42.90% 42.83% 41.98% 41.35% 39.80% 40.11% 40.44% 40.25% 40.54% 39.40%
United Parcel Service Inc. 13.56% 13.46% 13.17% 11.60% 11.27% 10.48% 9.08% 9.69% 9.75% 9.97% 10.52%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Operating profit margin = 100 × (Operating income (loss)Q2 2022 + Operating income (loss)Q1 2022 + Operating income (loss)Q4 2021 + Operating income (loss)Q3 2021) ÷ (Operating revenueQ2 2022 + Operating revenueQ1 2022 + Operating revenueQ4 2021 + Operating revenueQ3 2021)
= 100 × (1,519 + -783 + 263 + 2,205) ÷ (13,824 + 9,348 + 9,469 + 9,154) = 7.67%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Delta Air Lines Inc. operating profit margin ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Net Profit Margin

Delta Air Lines Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) 735 (940) (407) 1,212 652 (1,177) (755) (5,379) (5,717) (534) 1,099 1,495 1,443 730 1,020 1,322 1,036 557 572 1,178 1,224 603
Operating revenue 13,824 9,348 9,469 9,154 7,126 4,150 3,973 3,062 1,468 8,592 11,439 12,560 12,536 10,472 10,742 11,953 11,775 9,968 10,245 11,060 10,791 9,148
Profitability Ratio
Net profit margin1 1.44% 1.47% 0.94% -0.28% -36.37% -102.96% -72.45% -42.88% -10.74% 7.76% 10.14% 10.12% 9.88% 9.14% 8.86% 7.94% 7.77% 8.39% 8.67%
Benchmarks
Net Profit Margin, Competitors2
FedEx Corp. 5.49% 5.88% 6.23% 3.85% 3.28% 2.50% 1.86% -0.50% 0.11% 0.65% 0.77% 5.25% 7.23% 7.16% 6.99%
Uber Technologies Inc. -39.39% -29.52% -2.84% -15.87% -7.97% -36.50% -60.76% -57.26% -53.43% -72.96% -60.13%
Union Pacific Corp. 29.23% 30.06% 29.92% 29.19% 28.60% 27.02% 27.38% 27.40% 27.54% 27.85% 27.27%
United Parcel Service Inc. 10.92% 10.90% 13.25% 6.83% 6.57% 5.78% 1.59% 5.71% 5.66% 5.73% 5.99%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Net profit margin = 100 × (Net income (loss)Q2 2022 + Net income (loss)Q1 2022 + Net income (loss)Q4 2021 + Net income (loss)Q3 2021) ÷ (Operating revenueQ2 2022 + Operating revenueQ1 2022 + Operating revenueQ4 2021 + Operating revenueQ3 2021)
= 100 × (735 + -940 + -407 + 1,212) ÷ (13,824 + 9,348 + 9,469 + 9,154) = 1.44%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Delta Air Lines Inc. net profit margin ratio improved from Q4 2021 to Q1 2022 but then slightly deteriorated from Q1 2022 to Q2 2022.

Return on Equity (ROE)

Delta Air Lines Inc., ROE calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) 735 (940) (407) 1,212 652 (1,177) (755) (5,379) (5,717) (534) 1,099 1,495 1,443 730 1,020 1,322 1,036 557 572 1,178 1,224 603
Stockholders’ equity 3,811 2,991 3,887 2,606 1,281 482 1,534 3,357 8,690 14,309 15,358 15,068 13,958 12,911 13,687 13,704 12,856 12,557 13,910 14,001 13,479 12,945
Profitability Ratio
ROE1 15.74% 17.29% 7.20% -2.61% -519.83% -2,702.90% -807.37% -313.70% -42.08% 24.48% 31.04% 31.11% 32.35% 31.82% 28.75% 25.45% 26.00% 28.12% 25.72%
Benchmarks
ROE, Competitors2
FedEx Corp. 19.71% 20.96% 21.64% 13.78% 11.65% 9.18% 7.03% -1.85% 0.40% 2.48% 3.04% 18.28% 25.76% 25.09% 23.55%
Uber Technologies Inc. -151.07% -70.86% -3.43% -16.91% -7.20% -28.97% -55.18% -77.12% -72.97% -91.96% -59.94%
Union Pacific Corp. 53.89% 57.26% 46.06% 44.49% 41.12% 32.09% 31.54% 31.23% 33.82% 37.53% 32.65%
United Parcel Service Inc. 67.12% 69.80% 90.44% 53.57% 56.25% 72.34% 204.41% 81.97% 100.32% 130.16% 135.90%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
ROE = 100 × (Net income (loss)Q2 2022 + Net income (loss)Q1 2022 + Net income (loss)Q4 2021 + Net income (loss)Q3 2021) ÷ Stockholders’ equity
= 100 × (735 + -940 + -407 + 1,212) ÷ 3,811 = 15.74%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Delta Air Lines Inc. ROE improved from Q4 2021 to Q1 2022 but then slightly deteriorated from Q1 2022 to Q2 2022.

Return on Assets (ROA)

Delta Air Lines Inc., ROA calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) 735 (940) (407) 1,212 652 (1,177) (755) (5,379) (5,717) (534) 1,099 1,495 1,443 730 1,020 1,322 1,036 557 572 1,178 1,224 603
Total assets 74,805 73,748 72,459 72,783 75,309 73,083 71,996 79,076 72,261 68,738 64,532 63,219 62,518 61,841 60,266 55,003 55,796 54,078 53,292 51,928 51,815 51,459
Profitability Ratio
ROA1 0.80% 0.70% 0.39% -0.09% -8.84% -17.83% -17.20% -13.32% -5.06% 5.10% 7.39% 7.42% 7.22% 6.64% 6.53% 6.34% 5.99% 6.53% 6.71%
Benchmarks
ROA, Competitors2
FedEx Corp. 5.84% 6.21% 6.32% 3.66% 3.02% 2.30% 1.75% -0.50% 0.11% 0.66% 0.99% 6.68% 9.33% 9.27% 8.74%
Uber Technologies Inc. -32.45% -19.26% -1.28% -6.39% -2.82% -11.37% -20.35% -23.87% -24.68% -34.66% -26.78%
Union Pacific Corp. 10.63% 10.64% 10.27% 9.93% 9.48% 8.44% 8.57% 8.43% 8.75% 9.65% 9.60%
United Parcel Service Inc. 15.60% 15.35% 18.57% 9.81% 9.37% 8.17% 2.15% 7.35% 7.05% 7.05% 7.67%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
ROA = 100 × (Net income (loss)Q2 2022 + Net income (loss)Q1 2022 + Net income (loss)Q4 2021 + Net income (loss)Q3 2021) ÷ Total assets
= 100 × (735 + -940 + -407 + 1,212) ÷ 74,805 = 0.80%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Delta Air Lines Inc. ROA improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.