DELTA AIR LINES, INC. (DAL) Free cash flow
- Free cash flow · 12 months (USD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $8.13B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 2.06× | Operating cash flow / net income. Period ending 2026-06-30. $8.13B ÷ $3.95B ≈ 2.06× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 8.13B USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | (m) | |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities |
| Revenue | 68.29B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | |
| Net income | 3.95B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | (m) | $8.13B | (m) | (m) | $68.29B | (m) | $3.95B | (m) | (m) | (m) | 2.06× |
| 2026-03-31 | (m) | (m) | $8.40B | (m) | (m) | $65.18B | (m) | $4.48B | (m) | (m) | (m) | 1.88× |
| 2025-12-31 | (m) | (m) | $8.34B | (m) | (m) | $63.36B | (m) | $5.00B | (m) | (m) | (m) | 1.67× |
| 2025-09-30 | (m) | (m) | $7.98B | (m) | (m) | $62.92B | (m) | $4.63B | (m) | (m) | (m) | 1.72× |
| 2025-06-30 | (m) | (m) | $7.40B | (m) | (m) | $61.92B | (m) | $4.49B | (m) | (m) | (m) | 1.65× |
| 2025-03-31 | (m) | (m) | $8.00B | (m) | (m) | $61.94B | (m) | $3.66B | (m) | (m) | (m) | 2.18× |
| 2024-12-31 | (m) | (m) | $8.03B | (m) | (m) | $61.64B | (m) | $3.46B | (m) | (m) | (m) | 2.32× |
| 2024-09-30 | (m) | (m) | $6.68B | (m) | (m) | $60.31B | (m) | $4.65B | (m) | (m) | (m) | 1.44× |
| 2024-06-30 | (m) | (m) | $6.48B | (m) | (m) | $60.12B | (m) | $4.49B | (m) | (m) | (m) | 1.44× |
| 2024-03-31 | (m) | (m) | $6.64B | (m) | (m) | $59.04B | (m) | $5.01B | (m) | (m) | (m) | 1.33× |
| 2023-12-31 | (m) | (m) | $6.46B | (m) | (m) | $58.05B | (m) | $4.61B | (m) | (m) | (m) | 1.40× |
| 2023-09-30 | (m) | (m) | $7.11B | (m) | (m) | $57.26B | (m) | $3.40B | (m) | (m) | (m) | 2.09× |
| 2023-06-30 | (m) | (m) | $6.90B | (m) | (m) | $55.75B | (m) | $2.99B | (m) | (m) | (m) | 2.31× |
| 2023-03-31 | (m) | (m) | $6.83B | (m) | (m) | $53.99B | (m) | $1.90B | (m) | (m) | (m) | 3.60× |
| 2022-12-31 | (m) | (m) | $6.36B | (m) | (m) | $50.58B | (m) | $1.32B | (m) | (m) | (m) | 4.83× |
| 2022-09-30 | (m) | (m) | $5.73B | (m) | (m) | $46.62B | (m) | $81.00M | (m) | (m) | (m) | 70.75× |
| 2022-06-30 | (m) | (m) | $5.01B | (m) | (m) | $41.80B | (m) | $600.00M | (m) | (m) | (m) | 8.36× |
| 2022-03-31 | (m) | (m) | $4.34B | (m) | (m) | $35.10B | (m) | $517.00M | (m) | (m) | (m) | 8.40× |
| 2021-12-31 | (m) | (m) | $3.26B | (m) | (m) | $29.90B | (m) | $280.00M | (m) | (m) | (m) | 11.66× |
| 2021-09-30 | (m) | (m) | $1.42B | (m) | (m) | $24.40B | (m) | $-67.00M | (m) | (m) | (m) | -21.22× |
| 2021-06-30 | (m) | (m) | $-1.30B | (m) | (m) | $18.31B | (m) | $-6.66B | (m) | (m) | (m) | 0.20× |
| 2021-03-31 | (m) | (m) | $-3.46B | (m) | (m) | $12.65B | (m) | $-13.03B | (m) | (m) | (m) | 0.27× |
| 2020-12-31 | (m) | (m) | $-3.79B | (m) | (m) | $17.09B | (m) | $-12.38B | (m) | (m) | (m) | 0.31× |
| 2020-09-30 | (m) | (m) | $-1.54B | (m) | (m) | $24.56B | (m) | $-10.53B | (m) | (m) | (m) | 0.15× |
| 2020-06-30 | (m) | (m) | $3.28B | (m) | (m) | $34.06B | (m) | $-3.66B | (m) | (m) | (m) | -0.90× |
| 2020-03-31 | (m) | (m) | $6.84B | (m) | (m) | $45.13B | (m) | $3.50B | (m) | (m) | (m) | 1.95× |
| 2019-12-31 | (m) | (m) | $8.43B | (m) | (m) | $47.01B | (m) | $4.77B | (m) | (m) | (m) | 1.77× |
| 2019-09-30 | (m) | (m) | $8.71B | (m) | (m) | $46.31B | (m) | $4.69B | (m) | (m) | (m) | 1.86× |
| 2019-06-30 | (m) | (m) | $7.97B | (m) | (m) | $45.70B | (m) | $4.51B | (m) | (m) | (m) | 1.76× |
| 2019-03-31 | (m) | (m) | $7.59B | (m) | (m) | $44.94B | (m) | $4.11B | (m) | (m) | (m) | 1.85× |
| 2018-12-31 | (m) | (m) | $7.01B | (m) | (m) | $44.44B | (m) | $3.94B | (m) | (m) | (m) | 1.78× |
| 2018-09-30 | (m) | (m) | $7.67B | (m) | (m) | $44.03B | (m) | $3.55B | (m) | (m) | (m) | 2.16× |
| 2018-06-30 | (m) | (m) | $7.76B | (m) | (m) | $43.14B | (m) | $3.40B | (m) | (m) | (m) | 2.28× |
| 2018-03-31 | (m) | (m) | $7.32B | (m) | (m) | $42.11B | (m) | $3.56B | (m) | (m) | (m) | 2.05× |
| 2017-12-31 | (m) | (m) | $5.15B | (m) | (m) | $41.24B | (m) | $3.58B | (m) | (m) | (m) | 1.44× |
| 2017-09-30 | (m) | (m) | $4.36B | (m) | (m) | $40.46B | (m) | $3.63B | (m) | (m) | (m) | 1.20× |
| 2017-06-30 | (m) | (m) | $4.56B | (m) | (m) | $39.88B | (m) | $3.71B | (m) | (m) | (m) | 1.23× |
| 2017-03-31 | (m) | (m) | $5.39B | (m) | (m) | $39.54B | (m) | $4.03B | (m) | (m) | (m) | 1.34× |
| 2016-12-31 | (m) | (m) | $7.21B | (m) | (m) | $39.64B | (m) | $4.37B | (m) | (m) | (m) | 1.65× |
| 2016-09-30 | (m) | (m) | $7.56B | (m) | (m) | $39.68B | (m) | $4.73B | (m) | (m) | (m) | 1.60× |
| 2016-06-30 | (m) | (m) | $7.77B | (m) | (m) | $40.31B | (m) | $4.79B | (m) | (m) | (m) | 1.62× |
| 2016-03-31 | (m) | (m) | $7.30B | (m) | (m) | $40.57B | (m) | $4.73B | (m) | (m) | (m) | 1.55× |
| 2015-12-31 | (m) | (m) | $7.93B | (m) | (m) | $40.70B | (m) | $4.53B | (m) | (m) | (m) | 1.75× |
| 2015-09-30 | (m) | (m) | $7.03B | (m) | (m) | $40.85B | (m) | $2.83B | (m) | (m) | (m) | 2.48× |
| 2015-06-30 | (m) | (m) | $6.32B | (m) | (m) | $40.92B | (m) | $1.88B | (m) | (m) | (m) | 3.37× |
| 2015-03-31 | (m) | (m) | $5.63B | (m) | (m) | $40.83B | (m) | $1.19B | (m) | (m) | (m) | 4.72× |
| 2014-12-31 | (m) | (m) | $4.95B | (m) | (m) | $40.36B | (m) | $659.00M | (m) | (m) | (m) | 7.51× |
| 2014-09-30 | (m) | (m) | $5.50B | (m) | (m) | $39.79B | (m) | $9.85B | (m) | (m) | (m) | 0.56× |
| 2014-06-30 | (m) | (m) | $5.30B | (m) | (m) | $39.10B | (m) | $10.86B | (m) | (m) | (m) | 0.49× |
| 2014-03-31 | (m) | (m) | $4.45B | (m) | (m) | $38.19B | (m) | $10.75B | (m) | (m) | (m) | 0.41× |
| 2013-12-31 | (m) | (m) | $4.50B | (m) | (m) | $37.77B | (m) | $10.54B | (m) | (m) | (m) | 0.43× |
| 2013-09-30 | (m) | (m) | $3.92B | (m) | (m) | $37.30B | (m) | $2.07B | (m) | (m) | (m) | 1.90× |
| 2013-06-30 | (m) | (m) | $3.23B | (m) | (m) | $36.73B | (m) | $1.75B | (m) | (m) | (m) | 1.85× |
| 2013-03-31 | (m) | (m) | $2.65B | (m) | (m) | $36.76B | (m) | $892.00M | (m) | (m) | (m) | 2.97× |
| 2012-12-31 | (m) | (m) | $2.48B | (m) | (m) | $36.67B | (m) | $1.01B | (m) | (m) | (m) | 2.45× |
| 2012-09-30 | (m) | (m) | $3.08B | (m) | (m) | $36.47B | (m) | $1.43B | (m) | (m) | (m) | 2.16× |
| 2012-06-30 | (m) | (m) | $2.52B | (m) | (m) | $36.36B | (m) | $930.00M | (m) | (m) | (m) | 2.71× |
| 2012-03-31 | (m) | (m) | $2.88B | (m) | (m) | $35.78B | (m) | $1.30B | (m) | (m) | (m) | 2.22× |
| 2011-12-31 | (m) | (m) | $2.83B | (m) | (m) | $35.12B | (m) | $854.00M | (m) | (m) | (m) | 3.32× |
| 2011-09-30 | (m) | (m) | $1.99B | (m) | (m) | (m) | (m) | $448.00M | (m) | (m) | (m) | 4.45× |
| 2011-06-30 | (m) | (m) | $2.61B | (m) | (m) | (m) | (m) | $262.00M | (m) | (m) | (m) | 9.95× |
| 2011-03-31 | (m) | (m) | $2.65B | (m) | (m) | (m) | (m) | $531.00M | (m) | (m) | (m) | 5.00× |
| 2010-12-31 | (m) | (m) | $2.83B | (m) | (m) | (m) | (m) | $593.00M | (m) | (m) | (m) | 4.78× |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | $-699.00M | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | (m) | $1.38B | (m) | (m) | (m) | (m) | $-1.24B | (m) | (m) | (m) | -1.11× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | $-1.71B | (m) | (m) | (m) | (m) | $-8.92B | (m) | (m) | (m) | 0.19× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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