Delta Air Lines Cash Flow Statement
NYSE: DALConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Delta Air Lines free cash flow
In fiscal 2025, Delta Air Lines generated $8.34 billion of operating cash flow and spent $4.50 billion on capital expenditures. That left free cash flow of $3.84 billion, a free-cash-flow margin of 6.1% of revenue. Free cash flow was up 33.2% from the prior year's $2.88 billion.
Delta Air Lines returned $440.0 million to shareholders through dividends, equal to 11% of free cash flow. Free cash flow covered dividend payments 8.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Delta Air Lines cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.00B | 3.46B | 4.61B | 1.32B | 280.00M | -12.38B | 4.77B | 3.94B | 3.21B | 4.20B |
| Net Income growth (YoY) | +44.78% | -24.99% | +249.70% | +370.71% | — | -359.81% | +21.14% | +22.78% | -23.60% | -7.31% |
| Depreciation & Amortization | 2.44B | 2.51B | 2.34B | 2.11B | 2.00B | 2.31B | 2.58B | 2.33B | 2.22B | 1.89B |
| Stock-Based Compensation | 313.00M | 236.00M | 180.00M | 150.00M | 149.00M | 119.00M | 161.00M | 159.00M | 169.00M | 154.00M |
| Change in Working Capital | 1.09B | 247.00M | -34.00M | -686.00M | 629.00M | 1.76B | -676.00M | -426.00M | 73.00M | -2.00M |
| Operating Cash Flow | 8.34B | 8.03B | 6.46B | 6.36B | 3.26B | -3.79B | 8.43B | 7.01B | 5.02B | 7.21B |
| Capital Expenditures | -4.50B | -5.14B | -5.32B | -6.37B | -3.25B | -1.90B | -4.94B | -5.17B | -3.89B | -3.39B |
| Investing Cash Flow | -4.19B | -3.74B | -3.15B | -6.92B | -898.00M | -9.24B | -4.56B | -4.39B | -5.27B | -2.15B |
| Dividends Paid | -440.00M | -321.00M | -128.00M | 0 | 0 | -260.00M | -980.00M | -909.00M | -731.00M | -509.00M |
| Share Repurchases | — | — | — | 0 | 0 | -344.00M | -2.03B | -1.57B | -1.68B | -2.60B |
| Debt Issued | 2.21B | 0 | 878.00M | 0 | 1.90B | 22.79B | 2.06B | 3.75B | 2.45B | 450.00M |
| Debt Repaid | -4.83B | -3.95B | -4.07B | -4.47B | -5.83B | -8.56B | -3.32B | -3.05B | -1.26B | -1.71B |
| Financing Cash Flow | -3.08B | -4.26B | -3.39B | -4.54B | -3.85B | 19.36B | -2.88B | -1.73B | -730.00M | -4.26B |
| Net Change in Cash | 1.08B | 26.00M | -78.00M | -5.10B | -1.49B | 6.33B | 982.00M | 895.00M | -973.00M | 800.00M |
| Free Cash Flow | 3.84B | 2.88B | 1.14B | -3.00M | 17.00M | -5.69B | 3.49B | 1.85B | 1.13B | 3.82B |
This table shows 10 annual periods of Delta Air Lines's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow DAL's reporting calendar. What is a cash flow statement?