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Delta Air Lines (DAL) Cash Flow Waterfall

Trace Delta Air Lines's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$8.40B

Capex

−$4.48B

Free Cash Flow

$3.92B

FCF Margin

+46.7%

Cash flow waterfall for Delta Air Lines (DAL) — TTM through Q1 2026

Free cash flow: $3.92B

Cash flow breakdown for Delta Air Lines (DAL) — TTM through Q1 2026

  • Operating Cash Flow$8.40B
  • Capital Expenditure−$4.48B
  • Free Cash Flow$3.92B
  • Other Investing$252.00M
  • Dividends Paid−$470.00M
  • Net Debt Change−$2.39B
  • Other Financing & FX$27.00M
  • Net Cash Increase$1.33B
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