선택적 제품 분석
허용하는 경우 개인정보 보호를 고려한 제한적 분석을 사용해 어떤 리서치 여정이 효과적인지 파악합니다. 광고 추적기나 세션 녹화는 사용하지 않습니다. 환경설정에서 이 선택을 변경할 수 있습니다. 자세한 내용은 개인정보 처리방침.
Delta Air Lines, Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $55.2B | |
|---|---|---|
| P/E (forward) | 9.2x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $29.90B | $50.58B | $58.05B | $61.64B | $63.36B | +20.7% |
| Gross profit | $2.13B | $11.16B | $15.52B | $16.56B | $14.48B | +61.4% |
| Operating income | $1.89B | $3.66B | $5.52B | $6.00B | $5.82B | +32.6% |
| Net income | $280.0M | $1.32B | $4.61B | $3.46B | $5.01B | +105.6% |
| EPS (diluted) | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 | +104.3% |
| EBITDA | $3.68B | $5.05B | $8.78B | $7.92B | $8.03B | +21.6% |
| R&D | $301.0M | $307.0M | $340.0M | — | — | +6.3% |
| SG&A | $451.0M | $563.0M | $1.38B | $1.39B | $21.34B | +162.3% |
Recent company headlines from major financial publishers.
In the base scenario, premium cabin demand remains resilient while main cabin seat capacity remains flat to slightly down. Industry capacity discipline offsets near-term jet fuel price pressure, allowing operating margins to stabilize at 8.4% in FY2026 before normalizing toward 9.0%-9.4% by FY2028-FY2030. Reinvestment rates step down progressively through FY2030 as capex normalizes toward maintenance levels, supporting steady free cash flow growth and debt paydown.
In the upside scenario, premium cabin demand accelerates beyond expectations with corporate travel fully rebounding alongside high-income leisure growth. Sustained industry capacity discipline and further ULCC retrenchment allow Delta to expand passenger yields while crack spreads normalize, expanding operating margins toward 10.5%. Capital expenditures taper faster toward $4.0B, generating over $4.5B in annual free cash flow that drives total debt down and unlocks expanded share repurchases.
| Ke ↓ / g → | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 7.8% | $85.1 | $89.6 | $95.0 | $101 | $109 |
| 8.3% | $79.8 | $83.6 | $88.1 | $93.4 | $99.6 |
| 8.8% | $75.1 | $78.4 | $80.7 | $86.6 | $91.8 |
| 9.3% | $71.1 | $73.9 | $77.2 | $80.9 | $85.2 |
| 9.8% | $67.5 | $69.9 | $72.7 | $75.9 | $79.6 |
Upcoming earnings date and setup when available.
매월 발행된 리서치 판이 부여한 등급입니다. 등급은 분석 시점의 가격을 공정 가치와 비교한 것이며, 판단이 맞았는지에 대한 기록이 아닙니다.
| 연도 | 1월 | 2월 | 3월 | 4월 | 5월 | 6월 | 7월 | 8월 | 9월 | 10월 | 11월 | 12월 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
