Key facts, as of
As of October 8, 2026, Delta Air Lines (DAL) trades at $82.97, up 46.5% over the past year. Its 52-week range runs from $55.03 to $95.68; the price is 13.3% below that high. It is 13.3% below its all-time high of $95.68, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +138.9%, against +312.9% for the S&P 500 (SPY). It sits 9.2% above its 200-day average of $75.99, the usual sign of a long-term uptrend. Its 30-day volatility is 24.5% annualized, which we rate medium risk. It has a trailing P/E of 13.8 and a dividend yield of 1.04%.
Cite: Portfolio Terminal, "Delta Air Lines (DAL) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/dal
Where it trades today
trading 69% of the way up its 52-week range
How the price has moved
How far it is from its record
Delta Air Lines (DAL) is 13.3% below its all-time high of $95.68, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +138.9%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Order-book quality, backlog conversion, and operating leverage usually tell you more than a single quarter of revenue growth.
- DAL trades at 13.8x earnings versus 18.5x for the sector, which means the rerating case depends on proving the discount is too harsh.
- DAL carries a beta of 1.34, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- DAL is in a bullish short-term regime and only 13.3% below its 52-week high, so the question is whether fundamentals can keep pace with that stronger tape.
Portfolio Use Case
- DAL is more useful for investors comparing conviction names inside industrials than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- If the short-term trend rolls over while volume fades, the market may stop paying up for momentum before the fundamentals change.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as CAT, HON start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for DAL come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Industrials so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as CAT, HON.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for DAL. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as CAT, HON.
What Delta Air Lines does
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. It also provides aircraft maintenance and engineering support, repair, and overhaul services;…
What analysts expect
DAL carries a strong buy consensus from 24 analysts, with an average price target of $101.27 versus $82.97 today (+22.1%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
DAL generated $68.29B in trailing revenue (18.7% year over year), with a 5.8% net margin, and $2.82B of free cash flow, against $16.42B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $63.36B | $15.31B | $5.82B | $5.00B | $7.72 | $3.84B |
| 2024 | $61.64B | $15.17B | $6.00B | $3.46B | $5.39 | $2.88B |
| 2023 | $58.05B | $14.13B | $5.52B | $4.61B | $7.21 | $1.14B |
| 2022 | $50.58B | $10.60B | $3.66B | $1.32B | $2.07 | -$3.00M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
DAL is in 6 of the 30 ETFs we track. It weighs most in XLI: 0.92% of the fund, holding #40 of 83.
Famous investors who hold it
DAL is in the latest 13F of 2 of the 15 famous investors we follow. Warren Buffett (Berkshire Hathaway) holds the most of it: 1.79% of the portfolio, position #12 of 26, as of Q2 2026.
How it sits in industrials
Manufacturing, aerospace, defense, and infrastructure companies.
The companies it competes with
DAL beside the industrials names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 1.1% below its 50-day average and 9.2% above its 200-day.
- RSI at 51 is neither stretched nor washed out.
- The nearest ceiling is $95.35 (+14.9%), the nearest floor $80.65 (-2.8%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is DAL a good investment in 2026?
Delta Air Lines trades at a P/E ratio of 13.8, with medium volatility (24.5% annualized). Recent momentum is positive.
What is the risk level of DAL?
Based on 30-day volatility of 24.5%, DAL has MEDIUM risk. Beta of 1.34 indicates higher sensitivity to market movements than average.
Does DAL pay dividends?
Yes, Delta Air Lines has a dividend yield of 1.04%.
How far is DAL from its all-time high?
Delta Air Lines is 13.3% below its all-time high of $95.68, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +138.9%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold DAL?
6 of the 30 popular ETFs we track hold Delta Air Lines. The largest weights: XLI (0.92%), VTV (0.18%), VOO (0.08%), IVV (0.07%) and SPY (0.07%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is DAL?
0.08%, as of August 31, 2026: DAL is holding #225 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.77 in Delta Air Lines.
Which famous investors own DAL?
Warren Buffett (1.79% of Berkshire Hathaway's 13F) and Stanley Druckenmiller (1.08% of Duquesne Family Office's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
Does Warren Buffett own DAL?
Yes. Berkshire Hathaway's 13F for Q2 2026, filed August 14, 2026, lists Delta Air Lines at 1.79% of the reported portfolio, position #12 of 26.
What is the analyst price target for DAL?
The average analyst price target for Delta Air Lines (DAL) is $101.27 based on 24 analyst estimates, about 22.1% above the current price of $82.97. The published range runs from $50.00 to $125.00.
How much revenue does DAL generate?
Delta Air Lines reported $68.29B in trailing twelve-month revenue. Revenue growth is running at 18.7% year over year. Net margin sits at 5.8%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare DAL with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.