Delta Air Lines, Inc. (DAL) FCF Payout Ratio: 12.40%
Is Delta Air Lines, Inc.’s FCF payout ratio high or low?
Delta Air Lines, Inc.'s FCF payout ratio of 12.40% is 10% above its 2-year average of 11.26%, near the high end of its 2-year range (11.13%–12.40%).
9.85% above its 12-month average of 11.29%.
DAL FCF Payout Ratio Chart
DAL Average FCF Payout Ratio Chart
DAL Current vs Average FCF Payout Ratio Chart
DAL FCF Payout Ratio Metrics
FCF PAYOUT RATIO
12.40%
FCF PAYOUT RATIO AVG TTM
11.29%
FCF PAYOUT RATIO AVG 3Y
11.26%
FCF PAYOUT RATIO AVG 5Y
11.26%
FCF PAYOUT RATIO AVG 10Y
23.72%
FCF PAYOUT RATIO AVG 15Y
20.43%
FCF PAYOUT RATIO AVG 20Y
19.00%
CURRENT VS TTM AVG
+9.85%
CURRENT VS 3Y AVG
+10.08%
CURRENT VS 5Y AVG
+10.08%
CURRENT VS 10Y AVG
-47.72%
CURRENT VS 15Y AVG
-39.31%
CURRENT VS 20Y AVG
-34.73%
Payout Ratio Comparison
FCF Payout Ratio
12.4%
Earnings Payout Ratio
9.7%
Dividend Yield
0.90%
FCF Yield
7.24%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.84B | $440.00M | 11.4% |
| 2024 | $2.88B | $321.00M | 11.1% |
| 2023 | $1.14B | $128.00M | 11.2% |
| 2022 | ($2.00M) | $0 | N/A (Loss) |
| 2021 | $16.00M | $0 | 0.0% |
| 2020 | ($5.69B) | $260.00M | N/A (Loss) |
| 2019 | $3.50B | $980.00M | 28.0% |
| 2018 | $1.85B | $909.00M | 49.2% |
| 2017 | $1.26B | $731.00M | 58.2% |
| 2016 | $3.81B | $509.00M | 13.3% |
| 2015 | $4.98B | $359.00M | 7.2% |
| 2014 | $2.70B | $251.00M | 9.3% |
| 2013 | $1.94B | $102.00M | 5.3% |
| 2012 | $508.00M | $0 | 0.0% |
| 2011 | $1.58B | $0 | 0.0% |
| 2010 | $1.49B | $0 | 0.0% |
| 2009 | $177.00M | $0 | 0.0% |
| 2008 | ($3.23B) | $0 | N/A (Loss) |
| 2007 | $320.00M | $15.00M | 4.7% |
| 2006 | $580.00M | $0 | 0.0% |
| 2005 | ($639.00M) | $0 | N/A (Loss) |
| 2004 | ($1.88B) | $0 | N/A (Loss) |
| 2003 | ($291.00M) | $19.00M | N/A (Loss) |
| 2002 | ($1.00B) | $39.00M | N/A (Loss) |
| 2001 | ($2.56B) | $40.00M | N/A (Loss) |
| 2000 | $110.00M | $42.00M | 38.2% |
| 2000 | ($1.16B) | $40.00M | N/A (Loss) |
| 1998 | $625.00M | $0 | 0.0% |
| 1997 | $91.00M | $0 | 0.0% |
| 1996 | $455.00M | $0 | 0.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Delta Air Lines, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Delta Air Lines, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The FCF payout ratio for DAL stock is 12.40%.
- Is Delta Air Lines, Inc.'s FCF payout ratio high or low?
- Delta Air Lines, Inc.'s FCF payout ratio of 12.40% is 10% above its 2-year average of 11.26%, near the high end of its 2-year range (11.13%–12.40%).
- What is the TTM average FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The TTM average FCF payout ratio for DAL stock is 11.29%.
- What is the 3Y average FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The 3Y average FCF payout ratio for DAL stock is 11.26%.
- What is the 5Y average FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The 5Y average FCF payout ratio for DAL stock is 11.26%.
- What is the 10Y average FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The 10Y average FCF payout ratio for DAL stock is 23.72%.
- What is the 15Y average FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The 15Y average FCF payout ratio for DAL stock is 20.43%.
- What is the 20Y average FCF payout ratio for Delta Air Lines, Inc. (DAL)?
- The 20Y average FCF payout ratio for DAL stock is 19.00%.
Delta Air Lines, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 11.45% |
| 2024-12-31 | 11.13% |
| 2023-12-31 | 11.22% |
| 2019-12-31 | 27.99% |
| 2018-12-31 | 49.24% |
| 2017-12-31 | 58.15% |
| 2016-12-31 | 13.35% |
| 2015-12-31 | 7.21% |
| 2014-12-31 | 9.30% |
| 2013-12-31 | 5.27% |
| 2007-12-31 | 4.69% |
| 2000-06-30 | 38.18% |
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.
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- CEO
- Edward H. Bastian