TTM
26.2%
YoY change
−4.02pp
Trough year (2020)
-25.6%
Peak year (1999)
72.5%
Latest annual
22.8%
Gross Margin history chart for Delta Air Lines (DAL) from 1986 to 2025
Latest: 22.8%
Gross Margin change chart for Delta Air Lines (DAL) from 1986 to 2025
Latest: −4.02pp
Gross Margin history table for Delta Air Lines (DAL) from 1986 to 2025
| 2025 | 22.8% | -4.02pp | ||
| 2024 | 26.9% | +0.13pp | ||
| 2023 | 26.7% | +4.67pp | ||
| 2022 | 22.1% | +14.93pp | ||
| 2021 | 7.1% | +32.69pp | ||
| 2020 | -25.6% | -54.48pp | ||
| 2019 | 28.9% | +3.94pp | ||
| 2018 | 25.0% | -2.99pp | ||
| 2017 | 28.0% | -3.16pp | ||
| 2016 | 31.1% | -1.67pp | ||
| 2015 | 32.8% | +12.57pp | ||
| 2014 | 20.2% | -2.50pp | ||
| 2013 | 22.7% | +2.63pp | ||
| 2012 | 20.1% | -0.30pp | ||
| 2011 | 20.4% | -2.80pp | ||
| 2010 | 23.2% | -23.17pp | ||
| 2009 | 46.4% | +7.24pp | ||
| 2008 | 39.1% | -12.92pp | ||
| 2007 | 52.1% | — | ||
| 1999 | 72.5% | — | ||
| 1996 | 71.5% | -0.38pp | ||
| 1995 | 71.9% | -0.50pp | ||
| 1994 | 72.4% | +1.76pp | ||
| 1993 | 70.6% | +11.12pp | ||
| 1992 | 59.5% | +0.69pp | ||
| 1991 | 58.8% | +0.38pp | ||
| 1990 | 58.4% | +19.29pp | ||
| 1989 | 39.1% | -3.21pp | ||
| 1988 | 42.3% | +2.37pp | ||
| 1987 | 40.0% | -0.26pp | ||
| 1986 | 40.2% | — |
- 202522.8%-4.02pp
- 202426.9%+0.13pp
- 202326.7%+4.67pp
- 202222.1%+14.93pp
- 20217.1%+32.69pp
- 2020-25.6%-54.48pp
- 201928.9%+3.94pp
- 201825.0%-2.99pp
- 201728.0%-3.16pp
- 201631.1%-1.67pp
- 201532.8%+12.57pp
- 201420.2%-2.50pp
- 201322.7%+2.63pp
- 201220.1%-0.30pp
- 201120.4%-2.80pp
- 201023.2%-23.17pp
- 200946.4%+7.24pp
- 200839.1%-12.92pp
- 200752.1%—
- 199972.5%—
- 199671.5%-0.38pp
- 199571.9%-0.50pp
- 199472.4%+1.76pp
- 199370.6%+11.12pp
- 199259.5%+0.69pp
- 199158.8%+0.38pp
- 199058.4%+19.29pp
- 198939.1%-3.21pp
- 198842.3%+2.37pp
- 198740.0%-0.26pp
- 198640.2%—
Gross Margin values are taken from Delta Air Lines's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Delta Air Lines (DAL)
According to Delta Air Lines's latest reported financial statements, the company's latest reported gross margin is 26.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Delta Air Lines (DAL) reported gross margin of 22.84% – contracted 4.0 percentage points year-over-year.
72.52% stands as the all-time-high annual gross margin, posted in 1999, against a low of -25.55% during 2020.
Delta Air Lines Gross Margin by Year
Delta Air Lines Gross Margin 2025: 22.8%
In 2025, Delta Air Lines reported gross margin of 22.84%, contracted 4.0 percentage points from 2024.
Delta Air Lines Gross Margin 2024: 26.9%
Delta Air Lines gross margin in 2024 was 26.86%, expanded 0.1 percentage points from 2023.
Delta Air Lines Gross Margin 2023: 26.7%
2023's gross margin for Delta Air Lines came in at 26.73%, expanded 4.7 percentage points from 2022.
Delta Air Lines Gross Margin 2022: 22.1%
Delta Air Lines posted gross margin of 22.06% in 2022, expanded 14.9 percentage points from 2021.
Delta Air Lines Gross Margin 2021: 7.1%
Delta Air Lines gross margin in 2021 was 7.13%.
See more financial history for Delta Air Lines (DAL).
Sector peers by Gross Margin
Industrials peers of Delta Air Lines (DAL), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
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