TTM
8.8%
YoY change
−0.54pp
Trough year (2020)
-72.9%
Peak year (1999)
78.7%
Latest annual
9.2%
Operating Margin history chart for Delta Air Lines (DAL) from 1986 to 2025
Latest: 9.2%
Operating Margin change chart for Delta Air Lines (DAL) from 1986 to 2025
Latest: −0.54pp
Operating Margin history table for Delta Air Lines (DAL) from 1986 to 2025
| 2025 | 9.2% | -0.54pp | ||
| 2024 | 9.7% | +0.21pp | ||
| 2023 | 9.5% | +2.27pp | ||
| 2022 | 7.2% | +0.93pp | ||
| 2021 | 6.3% | +79.25pp | ||
| 2020 | -72.9% | -87.02pp | ||
| 2019 | 14.1% | +2.23pp | ||
| 2018 | 11.8% | -2.66pp | ||
| 2017 | 14.5% | -3.23pp | ||
| 2016 | 17.7% | -1.43pp | ||
| 2015 | 19.2% | +13.70pp | ||
| 2014 | 5.5% | -3.54pp | ||
| 2013 | 9.0% | +3.07pp | ||
| 2012 | 5.9% | +0.31pp | ||
| 2011 | 5.6% | -1.36pp | ||
| 2010 | 7.0% | +1.13pp | ||
| 2009 | 5.8% | +0.58pp | ||
| 2008 | 5.3% | -10.60pp | ||
| 2007 | 15.9% | +15.53pp | ||
| 2006 | 0.3% | +12.47pp | ||
| 2005 | -12.1% | +9.57pp | ||
| 2004 | -21.7% | -16.23pp | ||
| 2003 | -5.5% | +3.95pp | ||
| 2002 | -9.4% | +2.10pp | ||
| 2001 | -11.5% | -21.32pp | ||
| 2000 | 9.8% | -68.88pp | ||
| 1999 | 78.7% | +65.84pp | ||
| 1998 | 12.8% | +0.83pp | ||
| 1997 | 12.0% | -63.26pp | ||
| 1996 | 75.2% | -1.01pp | ||
| 1995 | 76.3% | -1.89pp | ||
| 1994 | 78.1% | +0.20pp | ||
| 1993 | 77.9% | +82.04pp | ||
| 1992 | -4.1% | +2.12pp | ||
| 1991 | -6.2% | -1.32pp | ||
| 1990 | -4.9% | -9.80pp | ||
| 1989 | 4.9% | -3.50pp | ||
| 1988 | 8.4% | +1.20pp | ||
| 1987 | 7.2% | -0.42pp | ||
| 1986 | 7.6% | — |
- 20259.2%-0.54pp
- 20249.7%+0.21pp
- 20239.5%+2.27pp
- 20227.2%+0.93pp
- 20216.3%+79.25pp
- 2020-72.9%-87.02pp
- 201914.1%+2.23pp
- 201811.8%-2.66pp
- 201714.5%-3.23pp
- 201617.7%-1.43pp
- 201519.2%+13.70pp
- 20145.5%-3.54pp
- 20139.0%+3.07pp
- 20125.9%+0.31pp
- 20115.6%-1.36pp
- 20107.0%+1.13pp
- 20095.8%+0.58pp
- 20085.3%-10.60pp
- 200715.9%+15.53pp
- 20060.3%+12.47pp
- 2005-12.1%+9.57pp
- 2004-21.7%-16.23pp
- 2003-5.5%+3.95pp
- 2002-9.4%+2.10pp
- 2001-11.5%-21.32pp
- 20009.8%-68.88pp
- 199978.7%+65.84pp
- 199812.8%+0.83pp
- 199712.0%-63.26pp
- 199675.2%-1.01pp
- 199576.3%-1.89pp
- 199478.1%+0.20pp
- 199377.9%+82.04pp
- 1992-4.1%+2.12pp
- 1991-6.2%-1.32pp
- 1990-4.9%-9.80pp
- 19894.9%-3.50pp
- 19888.4%+1.20pp
- 19877.2%-0.42pp
- 19867.6%—
Operating 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 Operating Margin at Delta Air Lines (DAL)
According to Delta Air Lines's latest reported financial statements, the company's latest reported operating margin is 8.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Delta Air Lines (DAL) most recent annual operating margin stands at 9.19% (2025) – contracted 0.5 percentage points year-over-year.
Across the available history, operating margin reached its high of 78.65% in 1999 and its low of -72.94% in 2020.
Delta Air Lines Operating Margin by Year
Delta Air Lines Operating Margin 2025: 9.2%
Delta Air Lines operating margin in 2025 was 9.19%, contracted 0.5 percentage points from 2024.
Delta Air Lines Operating Margin 2024: 9.7%
2024's operating margin for Delta Air Lines came in at 9.73%, expanded 0.2 percentage points from 2023.
Delta Air Lines Operating Margin 2023: 9.5%
Delta Air Lines posted operating margin of 9.51% in 2023, expanded 2.3 percentage points from 2022.
Delta Air Lines Operating Margin 2022: 7.2%
In 2022, Delta Air Lines reported operating margin of 7.24%, expanded 0.9 percentage points from 2021.
Delta Air Lines Operating Margin 2021: 6.3%
Delta Air Lines operating margin in 2021 was 6.31%.
See more financial history for Delta Air Lines (DAL).
Sector peers by Operating Margin
Industrials peers of Delta Air Lines (DAL), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
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Delta Air Lines (DAL) Key Financials
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