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Delta Air Lines, Inc. (DAL)
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Delta Air Lines, Inc. (DAL) EBITDA Margin: 12.68%

Is Delta Air Lines, Inc.’s EBITDA margin high or low?

Delta Air Lines, Inc.'s EBITDA margin of 12.68% is 918% above its 5-year average of -1.55%, near the high end of its 5-year range (-72.22%–15.13%).

As of Friday, June 19, 2026. 0.63% below its 12-month average of 12.76%.

DAL EBITDA Margin Chart

DAL EBITDA Margin
12.68%-1.25% 1Y
Zoom

DAL Average EBITDA Margin Chart

DAL Current vs Average EBITDA Margin Chart

DAL EBITDA Margin Metrics

EBITDA MARGIN

12.68%

EBITDA MARGIN AVG TTM

12.76%

EBITDA MARGIN AVG 3Y

12.66%

EBITDA MARGIN AVG 5Y

-1.55%

EBITDA MARGIN AVG 10Y

8.41%

EBITDA MARGIN AVG 15Y

14.43%

EBITDA MARGIN AVG 20Y

13.48%

CURRENT VS TTM AVG

-0.63%

CURRENT VS 3Y AVG

+0.18%

CURRENT VS 5Y AVG

+918.06%

CURRENT VS 10Y AVG

+50.85%

CURRENT VS 15Y AVG

-12.15%

CURRENT VS 20Y AVG

-5.95%

DAL Competitors' EBITDA Margin

NAMEMARKET CAPEBITDA MARGINTTM3Y5Y
Delta Air Lines, Inc. (DAL)$55.31B12.68%12.76%12.66%-1.55%
L3Harris Technologies, Inc. (LHX)vs ›$54.92B17.16%16.93%16.32%16.65%
AMETEK, Inc. (AME)vs ›$54.42B31.11%31.09%30.67%30.47%
Rockwell Automation, Inc. (ROK)vs ›$52.72B16.76%17.87%19.06%19.59%
Fastenal Company (FAST)vs ›$52.68B22.44%22.43%22.86%22.94%
Rocket Lab USA, Inc. (RKLB)vs ›$62.08B-25.83%-30.31%-41.25%-78.01%
PACCAR Inc (PCAR)vs ›$62.60B14.76%16.81%17.16%16.16%
Westinghouse Air Brake Technologies Corporation (WAB)vs ›$46.46B20.76%20.34%19.17%18.18%
Old Dominion Freight Line, Inc. (ODFL)vs ›$45.97B31.41%32.06%32.90%32.02%
Norfolk Southern Corporation (NSC)vs ›$67.40B48.03%46.66%44.10%45.27%

Margin Comparison

Gross Margin

26.2%

EBITDA Margin

12.7%

Operating Margin

8.8%

Net Margin

6.9%

Formula: EBITDA Margin = (EBITDA / Revenue) × 100

Why EBITDA Margin matters:

  • Removes effects of depreciation policies (D&A)
  • Capital structure neutral (ignores interest)
  • Tax neutral (ignores tax differences)
  • Good proxy for operating cash generation

Delta Air Lines, Inc. EBITDA Margin Formula & Definition

EBITDA Margin = EBITDA / Revenue

EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Delta Air Lines, Inc. EBITDA Margin FAQ

What is the EBITDA margin for Delta Air Lines, Inc. (DAL)?
The EBITDA margin for DAL stock is 12.68%.
Is Delta Air Lines, Inc.'s EBITDA margin high or low?
Delta Air Lines, Inc.'s EBITDA margin of 12.68% is 918% above its 5-year average of -1.55%, near the high end of its 5-year range (-72.22%–15.13%).
What is the TTM average EBITDA margin for Delta Air Lines, Inc. (DAL)?
The TTM average EBITDA margin for DAL stock is 12.76%.
What is the 3Y average EBITDA margin for Delta Air Lines, Inc. (DAL)?
The 3Y average EBITDA margin for DAL stock is 12.66%.
What is the 5Y average EBITDA margin for Delta Air Lines, Inc. (DAL)?
The 5Y average EBITDA margin for DAL stock is -1.55%.
What is the 10Y average EBITDA margin for Delta Air Lines, Inc. (DAL)?
The 10Y average EBITDA margin for DAL stock is 8.41%.
What is the 15Y average EBITDA margin for Delta Air Lines, Inc. (DAL)?
The 15Y average EBITDA margin for DAL stock is 14.43%.
What is the 20Y average EBITDA margin for Delta Air Lines, Inc. (DAL)?
The 20Y average EBITDA margin for DAL stock is 13.48%.

Delta Air Lines, Inc. EBITDA Margin History

DATEEBITDA MARGIN
2025-12-3112.68%
2024-12-3112.84%
2023-12-3115.13%
2022-12-319.98%
2021-12-3112.29%
2020-12-31-72.22%
2019-12-3119.32%
2018-12-3117.53%
2017-12-3119.73%
2016-12-3121.91%
2015-12-3123.27%
2014-12-318.65%
2013-12-3113.33%
2012-12-319.80%
2011-12-319.64%
2010-12-3110.40%
2009-12-313.08%
2008-12-31-31.24%
2007-12-3115.49%
2006-12-317.61%
2005-12-31-4.42%
2004-12-31-13.55%
2003-12-313.11%
2002-12-31-0.92%
2001-12-31-2.30%
2000-12-3116.87%
2000-06-3085.11%
1998-06-3018.71%
1997-06-3017.00%
1996-06-3079.90%

About Delta Air Lines, Inc.

Delta Air Lines, Inc. operates scheduled air transport services for both passengers and freight, serving destinations across the United States and internationally. Its operations are structured into two main segments: its core airline business and a refinery division. Domestically, its network is anchored by primary hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, further supported by coastal gateways such as Boston, Los Angeles, New York (LaGuardia and JFK), and Seattle. Globally, it maintains a significant presence through key international hubs and operational centers in cities like Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. Tickets are distributed through multiple channels, including its official website (delta.com), the Fly Delta mobile app, direct reservations, online travel agencies, traditional brick-and-mortar agencies, and other distribution partners. Beyond flight services, the company offers aircraft maintenance, engineering support, repair, and overhaul capabilities. It also arranges vacation packages for external clients, along with aircraft charter services, management, and associated programs. The airline operates a vast fleet of roughly 1,200 aircraft. Established in 1924, Delta Air Lines, Inc. is headquartered in Atlanta, Georgia.

Atlanta, GA
100,000 employees
Industrials / Airlines, Airports & Air Services
Sector
Industrials
Industry
Airlines, Airports & Air Services
CEO
Edward H. Bastian