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Delta Air Lines
DAL · NYSEAirlines / Industrials
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputsaircraft, engines & fuelOperatorthe airline at the centreWhat it sellsseats, miles & MRONetwork & hubshow people & freight moveCustomerswho paysAIRAirbusBABoeingENGEngine makersMEMonroe EnergyFUELJet-fuel marketDALDelta Air LinesSEATSeats & premium cabinsSMSkyMilesTODelta TechOpsCGODelta CargoHUBHub networkJVAlliance & JV partnersPAXPassengersAXPAmerican ExpressCORPCorporate & shippers
Company details
Market cap
~$44B
P/E ratio
~9×
Div yield
~1.3%
Revenue (FY25)
$63.4B
Operating income
$5.8B
Net income
$5.0B
Rev. growth
+4%
Mainline fleet
~990 jets
In plain English
Delta is one of the world's largest airlines — and, increasingly, a premium-loyalty and financial-services machine wrapped around an airline. It flies ~200M passengers a year on a ~990-jet, mostly-Airbus fleet, but ~60% of revenue now comes from higher-margin streams: premium cabins, cargo, its TechOps maintenance arm, its own oil refinery, and above all the SkyMiles loyalty programme, whose American Express co-brand card alone pays Delta ~$8B+ a year.
In simple terms
What Delta Air Lines really sells
Delta is one of the world's largest airlines — and, increasingly, a premium-loyalty and financial-services machine wrapped around an airline. It flies ~200M passengers a year on a ~990-jet, mostly-Airbus fleet, but ~60% of revenue now comes from higher-margin streams: premium cabins, cargo, its TechOps maintenance arm, its own oil refinery, and above all the SkyMiles loyalty programme, whose American Express co-brand card alone pays Delta ~$8B+ a year.
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Risk read
Moderate
SteadierMore speculative
Why this rating?