Delta Air Lines (DAL)

Company Profile

Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service.

Company profile

Ticker

DAL

Exchange

NYSE

Website

www.delta.com

CEO

Edward Bastian

Incorporated

Delaware

Location

Georgia

Fiscal year end

Dec 31

Sector

Transportation and Warehousing > Scheduled Passenger Air Transportation

Industry (SIC)

Air Transportation, Scheduled

United Airlines • American Airlines • Southwest Airlines • Jetblue Airways • Alaska Air • Skywest • Frontier • Mesa Air • Sun Country Airlines • Spirit Airlines ...

Former names

DELTA AIR LINES INC /DE/

SEC CIK

0000027904

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Aero Assurance Ltd. • DAL Global Technology • Delta Flight Products, LLC • Delta Material Services, LLC • Delta Professional Services, LLC • Delta Vacations, LLC • Endeavor Air, Inc. • Epsilon Trading, LLC • MIPC, LLC • Monroe Energy, LLC ...

IRS number

580218548

DAL stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$47.60

Low target

$39.00

High target

$55.00

Latest filings (excl ownership)

View all

8-K

Regulation FD Disclosure

10 Feb 23

Delta Air Lines Announces December Quarter and Full Year 2022 Profit

13 Jan 23

8-K

Regulation FD Disclosure

14 Dec 22

8-K

Delta introduces 2023 guidance for $5 to $6 in adjusted earnings per share on Executing on three-year recovery plan with year-one results ahead of expectations

14 Dec 22

8-K

Amendments to Articles of Incorporation or Bylaws

9 Dec 22

8-K

Entry into a Material Definitive Agreement

13 Oct 22

Delta Air Lines Announces September Quarter 2022 Profit

13 Oct 22

8-K

Entry into a Material Definitive Agreement

18 Jul 22

Transcripts

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DAL

Earnings call transcript

2022 Q3

13 Oct 22

DAL

Earnings call transcript

2022 Q2

13 Jul 22

DAL

Earnings call transcript

2022 Q1

13 Apr 22

DAL

Earnings call transcript

2021 Q4

13 Jan 22

DAL

Earnings call transcript

2022 Q4

13 Jan 22

DAL

Earnings call transcript

2021 Q3

13 Oct 21

DAL

Earnings call transcript

2021 Q2

14 Jul 21

DAL

Earnings call transcript

2021 Q1

15 Apr 21

DAL

Earnings call transcript

2020 Q4

14 Jan 21

DAL

Earnings call transcript

2020 Q3

13 Oct 20

Latest ownership filings

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Quarterly holdings report by institutional manager

Financial summary

Financial statements Chart DAL financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.47 bn	3.47 bn	3.47 bn	3.47 bn	3.47 bn	3.47 bn
Cash burn (monthly)	1.28 bn	424.67 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	3.76 bn	1.24 bn	n/a	n/a	n/a	n/a
Cash remaining	-286.20 mm	2.23 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	-0.2	5.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

DAL institutional ownership history Ownership history

67.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	949	863	+10.0%
Opened positions	172	82	+109.8%
Closed positions	86	106	-18.9%
Increased positions	269	286	-5.9%
Reduced positions	331	303	+9.2%

13F shares	Current	Prev Q	Change
Total value	14.32 tn	11.34 bn	+126148.4%
Total shares	434.82 mm	403.83 mm	+7.7%
Total puts	24.70 mm	24.28 mm	+1.7%
Total calls	21.63 mm	24.61 mm	-12.1%
Total put/call ratio	1.1	1.0	+15.8%

Largest owners	Shares	Value	Change
Vanguard	71.50 mm	$2.35 tn	+1.6%
BLK Blackrock	38.05 mm	$1.25 tn	+4.0%
Capital World Investors	22.43 mm	$736.95 bn	+1.1%
Primecap Management	22.18 mm	$728.77 bn	-0.9%
STT State Street	21.07 mm	$692.46 bn	NEW
Geode Capital Management	12.82 mm	$425.40 bn	+2.9%
FMR	11.33 mm	$372.42 bn	-3.0%
Newport Trust	10.43 mm	$342.58 bn	0.0%
MS Morgan Stanley	9.93 mm	$326.30 bn	-4.9%
Renaissance Technologies	9.89 mm	$328.35 bn	+12.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	21.07 mm	+21.07 mm	NEW
Adage Capital Partners GP, L.L.C.	652.54 k	-2.35 mm	-78.3%
Par Capital Management	5.13 mm	+2.13 mm	+71.2%
Norges Bank	1.85 mm	+1.85 mm	NEW
GMT Capital	5.40 mm	+1.58 mm	+41.5%
Amundi	3.40 mm	+1.50 mm	+79.5%
Lansdowne Partners	2.66 mm	-1.49 mm	-35.9%
BLK Blackrock	38.05 mm	+1.48 mm	+4.0%
Citadel Advisors	7.13 mm	+1.25 mm	+21.2%
Neuberger Berman	4.72 mm	-1.23 mm	-20.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DAL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Feb 23	Joanne D Smith	Common Stock	Sell	Dispose S	No	No	38.43	4,846	186.23 k	115,295
27 Feb 23	Glen W Hauenstein	Common Stock	Sell	Dispose S	No	No	37.865	5,000	189.33 k	278,712
14 Feb 23	Samant Rahul D	Common Stock	Sell	Dispose S	No	Yes	38.772	13,124	508.84 k	57,383
8 Feb 23	Glen W Hauenstein	Common Stock	Payment of exercise	Dispose F	No	No	39.44	21,706	856.08 k	283,712
8 Feb 23	Glen W Hauenstein	Common Stock	Grant	Acquire A	No	No	0	48,128	0.00	305,418
8 Feb 23	Peter W Carter	Common Stock	Payment of exercise	Dispose F	No	No	39.44	11,142	439.44 k	191,192
8 Feb 23	Peter W Carter	Common Stock	Grant	Acquire A	No	No	0	24,704	0.00	202,334