DAL
Delta Air Lines margins
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- Industrials
- NYSE: DAL
- Margins
Based on the latest figures, Delta Air Lines reports a gross margin of 42.2%, an operating margin of 7.4%, an EBITDA margin of 10.3%, and a net margin of 4.6%. Gross margin had the largest decline, falling by 4.8 percentage points, while the other available margins also weakened.
DAL margin history
Over the last 3 years, Delta Air Lines recorded average margins of 45.89% gross, 9.32% operating, 13.78% EBITDA, and 6.91% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.
DAL margin expansion
The largest decrease was in gross margin, which fell by 4.8 percentage points. The other available margins also declined.
DAL Gross margin
Reviewing the last 3 years, Delta Air Lines recorded an average gross margin of 45.89%. At present, Delta Air Lines's current gross margin is 42.2%, which is 3.7 percentage points below its three-year average. The highest gross margin for Delta Air Lines was 47% in Sep 2025, while the lowest was 42.2% in Sep 2026.
DAL Operating margin
The average operating margin for Delta Air Lines was 9.32% across the past 3 years. At present, the current operating margin for Delta Air Lines is 7.4%, 1.9 percentage points below its three-year average. The operating margin for Delta Air Lines moved between 7.4% in Sep 2026 and 10.9% in Mar 2024.
DAL EBITDA margin
Over the last 3 years, Delta Air Lines's EBITDA margin averaged 13.78%. The current EBITDA margin of 10.3% is 3.5 percentage points below its three-year average. During this period, EBITDA margin reached a high of 15.9% in Mar 2024 and a low of 10.3% in Sep 2026.
DAL Net margin
Over the last 3 years, Delta Air Lines's net margin averaged 6.91%. Currently, Delta Air Lines's current net margin is 4.6%, which is 2.3 percentage points below its three-year average. During this period, net margin reached a high of 8.5% in Mar 2024 and a low of 4.6% in Sep 2026.
DAL margin group comparison
Delta Air Lines's gross margin of 42.2% is above the Industrials sector and the industry average but below its peers average. Compared to its Industrials sector average of 32.7%, Delta Air Lines's gross margin is 29% higher.
DAL margin peer comparison
Frequently asked questions
What is Delta Air Lines's gross margin?
The current gross margin for DAL is 42.2% as of Sep 30, 2026.
What is Delta Air Lines's operating margin?
The current operating margin for DAL is 7.4% as of Sep 30, 2026.
What is Delta Air Lines's EBITDA margin?
The current EBITDA margin for DAL is 10.3% as of Sep 30, 2026.
What is Delta Air Lines's net margin?
For the period ending Sep 30, 2026, DAL recorded a net margin of 4.6%.
What are the average margins of DAL?
Over the last 3 years, Delta Air Lines's margins averaged 45.9% gross, 9.3% operating, 13.8% EBITDA, and 6.9% net.
What are the highest historical margins of DAL?
Delta Air Lines's highest recorded margins during the past 5 years were 47% gross in Sep 2025, 10.9% operating in Mar 2024, 15.9% EBITDA in Mar 2024, and 8.5% net in Mar 2024.
What are the lowest historical margins of DAL?
Delta Air Lines's lowest recorded margins during the past 5 years were 35.4% gross in Dec 2021, 5.3% operating in Sep 2022, 7.4% EBITDA in Sep 2022, and 0.2% net in Sep 2022.