Stock Analysis on Net
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.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Delta Air Lines Inc., historical price multiples (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
Price to earnings (P/E) 31.74 50.86 96.74 — — — — — — 4.09 7.94 7.33 8.66 9.23 8.81 10.12 10.49 10.54 10.57 — — —
Price to operating profit (P/OP) 5.94 10.51 14.36 34.33 — — — — — 2.76 5.72 5.44 6.65 6.97 6.59 6.58 6.31 6.30 6.18 — — —
Price to sales (P/S) 0.46 0.75 0.91 1.08 1.42 2.37 1.62 0.82 0.54 0.32 0.81 0.74 0.86 0.84 0.78 0.80 0.81 0.88 0.92 — — —
Price to book value (P/BV) 5.00 8.79 6.97 10.08 20.32 62.13 18.01 6.03 2.10 1.00 2.46 2.28 2.80 2.94 2.53 2.58 2.73 2.96 2.72 2.70 2.93 2.56

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).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Delta Air Lines Inc. P/E ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Delta Air Lines Inc. P/OP ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Delta Air Lines Inc. P/S ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Delta Air Lines Inc. P/BV ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022.

Price to Earnings (P/E)

Delta Air Lines Inc., historical P/E 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
No. shares of common stock outstanding1 641,197,918 641,076,463 639,929,760 640,013,818 639,914,878 639,661,387 638,146,665 637,734,301 637,856,746 637,836,206 640,093,995 646,742,854 650,200,617 654,996,477 678,950,098 685,618,701 691,331,319 702,478,205 706,913,358 712,973,139 724,030,218 735,530,413
Selected Financial Data (US$)
Net income (loss) (in millions) 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
Earnings per share (EPS)2 0.94 0.81 0.44 -0.11 -10.41 -20.37 -19.41 -16.51 -5.73 5.49 7.45 7.25 6.94 6.27 5.80 5.09 4.84 5.03 5.06 0.00 0.00 0.00
Share price1, 3 29.70 41.02 42.33 41.03 40.68 46.82 43.29 31.76 28.60 22.47 59.13 53.10 60.16 57.86 51.08 51.48 50.73 52.98 53.46 53.07 54.50 45.05
Valuation Ratio
P/E ratio4 31.74 50.86 96.74 — — — — — — 4.09 7.94 7.33 8.66 9.23 8.81 10.12 10.49 10.54 10.57 — — —
Benchmarks
P/E Ratio, Competitors5
FedEx Corp. 12.86 13.14 15.07 23.08 31.59 34.80 33.43 — 568.30 100.48 82.00 13.00 9.72 14.01 13.39 — — — — — — —
Uber Technologies Inc. — — — — — — — — — — — — — — — — — — — — — —
Union Pacific Corp. 19.32 22.53 23.67 24.01 24.34 27.76 25.57 23.48 21.35 17.22 21.44 — — — — — — — — — — —
United Parcel Service Inc. 15.37 14.93 14.11 28.39 27.60 36.12 104.33 30.09 28.55 19.04 20.59 — — — — — — — — — — —

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 Data adjusted for splits and stock dividends.

2 Q2 2022 Calculation
EPS = (Net income (loss)Q2 2022 + Net income (loss)Q1 2022 + Net income (loss)Q4 2021 + Net income (loss)Q3 2021) ÷ No. shares of common stock outstanding
= (735,000,000 + -940,000,000 + -407,000,000 + 1,212,000,000) ÷ 641,197,918 = 0.94

3 Closing price as at the filing date of Delta Air Lines Inc. Quarterly or Annual Report.

4 Q2 2022 Calculation
P/E ratio = Share price ÷ EPS
= 29.70 ÷ 0.94 = 31.74

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Delta Air Lines Inc. P/E ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Price to Operating Profit (P/OP)

Delta Air Lines Inc., historical P/OP 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
No. shares of common stock outstanding1 641,197,918 641,076,463 639,929,760 640,013,818 639,914,878 639,661,387 638,146,665 637,734,301 637,856,746 637,836,206 640,093,995 646,742,854 650,200,617 654,996,477 678,950,098 685,618,701 691,331,319 702,478,205 706,913,358 712,973,139 724,030,218 735,530,413
Selected Financial Data (US$)
Operating income (loss) (in millions) 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 profit per share2 5.00 3.90 2.95 1.20 -12.23 -21.04 -19.54 -16.01 -2.75 8.13 10.34 9.76 9.05 8.31 7.75 7.83 8.04 8.41 8.65 0.00 0.00 0.00
Share price1, 3 29.70 41.02 42.33 41.03 40.68 46.82 43.29 31.76 28.60 22.47 59.13 53.10 60.16 57.86 51.08 51.48 50.73 52.98 53.46 53.07 54.50 45.05
Valuation Ratio
P/OP ratio4 5.94 10.51 14.36 34.33 — — — — — 2.76 5.72 5.44 6.65 6.97 6.59 6.58 6.31 6.30 6.18 — — —
Benchmarks
P/OP Ratio, Competitors5
FedEx Corp. 10.90 11.82 13.46 15.42 19.66 20.51 17.79 7.61 11.34 10.34 9.92 10.19 10.21 13.97 12.57 — — — — — — —
Uber Technologies Inc. — — — — — — — — — — — — — — — — — — — — — —
Union Pacific Corp. 13.58 15.79 16.53 16.70 16.84 18.84 17.46 15.91 14.61 11.83 14.83 — — — — — — — — — — —
United Parcel Service Inc. 12.38 12.08 14.20 16.72 16.10 19.92 18.23 17.73 16.56 10.94 11.72 — — — — — — — — — — —

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 Data adjusted for splits and stock dividends.

2 Q2 2022 Calculation
Operating profit per share = (Operating income (loss)Q2 2022 + Operating income (loss)Q1 2022 + Operating income (loss)Q4 2021 + Operating income (loss)Q3 2021) ÷ No. shares of common stock outstanding
= (1,519,000,000 + -783,000,000 + 263,000,000 + 2,205,000,000) ÷ 641,197,918 = 5.00

3 Closing price as at the filing date of Delta Air Lines Inc. Quarterly or Annual Report.

4 Q2 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 29.70 ÷ 5.00 = 5.94

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Delta Air Lines Inc. P/OP ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Price to Sales (P/S)

Delta Air Lines Inc., historical P/S 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
No. shares of common stock outstanding1 641,197,918 641,076,463 639,929,760 640,013,818 639,914,878 639,661,387 638,146,665 637,734,301 637,856,746 637,836,206 640,093,995 646,742,854 650,200,617 654,996,477 678,950,098 685,618,701 691,331,319 702,478,205 706,913,358 712,973,139 724,030,218 735,530,413
Selected Financial Data (US$)
Operating revenue (in millions) 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
Sales per share2 65.18 54.75 46.72 38.13 28.61 19.78 26.79 38.51 53.40 70.75 73.44 71.60 70.29 68.61 65.45 64.09 62.27 59.88 58.34 0.00 0.00 0.00
Share price1, 3 29.70 41.02 42.33 41.03 40.68 46.82 43.29 31.76 28.60 22.47 59.13 53.10 60.16 57.86 51.08 51.48 50.73 52.98 53.46 53.07 54.50 45.05
Valuation Ratio
P/S ratio4 0.46 0.75 0.91 1.08 1.42 2.37 1.62 0.82 0.54 0.32 0.81 0.74 0.86 0.84 0.78 0.80 0.81 0.88 0.92 — — —
Benchmarks
P/S Ratio, Competitors5
FedEx Corp. 0.71 0.77 0.94 0.89 1.04 0.87 0.62 0.36 0.62 0.65 0.64 0.68 0.70 1.00 0.94 — — — — — — —
Uber Technologies Inc. 2.47 2.46 3.90 5.95 6.34 8.09 9.07 6.57 4.42 3.98 4.00 — — — — — — — — — — —
Union Pacific Corp. 5.65 6.77 7.08 7.01 6.96 7.50 7.00 6.43 5.88 4.79 5.85 — — — — — — — — — — —
United Parcel Service Inc. 1.68 1.63 1.87 1.94 1.81 2.09 1.66 1.72 1.61 1.09 1.23 — — — — — — — — — — —

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 Data adjusted for splits and stock dividends.

2 Q2 2022 Calculation
Sales per share = (Operating revenueQ2 2022 + Operating revenueQ1 2022 + Operating revenueQ4 2021 + Operating revenueQ3 2021) ÷ No. shares of common stock outstanding
= (13,824,000,000 + 9,348,000,000 + 9,469,000,000 + 9,154,000,000) ÷ 641,197,918 = 65.18

3 Closing price as at the filing date of Delta Air Lines Inc. Quarterly or Annual Report.

4 Q2 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 29.70 ÷ 65.18 = 0.46

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Delta Air Lines Inc. P/S ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Price to Book Value (P/BV)

Delta Air Lines Inc., historical P/BV 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
No. shares of common stock outstanding1 641,197,918 641,076,463 639,929,760 640,013,818 639,914,878 639,661,387 638,146,665 637,734,301 637,856,746 637,836,206 640,093,995 646,742,854 650,200,617 654,996,477 678,950,098 685,618,701 691,331,319 702,478,205 706,913,358 712,973,139 724,030,218 735,530,413
Selected Financial Data (US$)
Stockholders’ equity (in millions) 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
Book value per share (BVPS)2 5.94 4.67 6.07 4.07 2.00 0.75 2.40 5.26 13.62 22.43 23.99 23.30 21.47 19.71 20.16 19.99 18.60 17.88 19.68 19.64 18.62 17.60
Share price1, 3 29.70 41.02 42.33 41.03 40.68 46.82 43.29 31.76 28.60 22.47 59.13 53.10 60.16 57.86 51.08 51.48 50.73 52.98 53.46 53.07 54.50 45.05
Valuation Ratio
P/BV ratio4 5.00 8.79 6.97 10.08 20.32 62.13 18.01 6.03 2.10 1.00 2.46 2.28 2.80 2.94 2.53 2.58 2.73 2.96 2.72 2.70 2.93 2.56
Benchmarks
P/BV Ratio, Competitors5
FedEx Corp. 2.53 2.75 3.26 3.18 3.68 3.19 2.35 1.32 2.28 2.49 2.49 2.38 2.50 3.51 3.15 3.52 3.94 3.56 — — — —
Uber Technologies Inc. 9.47 5.91 4.71 6.34 5.73 6.42 8.24 8.85 6.04 5.01 3.99 3.17 4.28 — — — — — — — — —
Union Pacific Corp. 10.41 12.90 10.90 10.68 10.01 8.91 8.07 7.33 7.22 6.46 7.00 6.31 6.76 7.05 — — — — — — — —
United Parcel Service Inc. 10.31 10.42 12.76 15.21 15.53 26.13 213.26 24.66 28.64 24.78 27.98 18.04 23.36 26.37 — — — — — — — —

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 Data adjusted for splits and stock dividends.

2 Q2 2022 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 3,811,000,000 ÷ 641,197,918 = 5.94

3 Closing price as at the filing date of Delta Air Lines Inc. Quarterly or Annual Report.

4 Q2 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 29.70 ÷ 5.94 = 5.00

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Delta Air Lines Inc. P/BV ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022.