PerpEquities

Equity · Industrials

Delta Air Lines, Inc. (DAL) perpetual futures

DAL perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade DALUSDT.

Delta Air Lines provides scheduled passenger and cargo air transportation in the United States and internationally through its Airline and Refinery segments, along with aircraft maintenance and vacation packages.

$87.13+2.2%NYSE closed
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venue perp mark · BingX (DAL-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$342.1K
Open interest
$107.2K
Best liquidity
$4.4K
MEXC
Tightest spread
+40.2 bps
MEXC
Highest volume
$241.5K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $533.3M
OI / float
0.00%
Float $56.6B
Spot performance
1D+2.16%
5D+5.01%
1M+5.10%
6M+19.27%
YTD+25.65%
1Y+48.10%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeDAL-USDTTrading$87.10+4.4% APR
+0.00400% every 8h		+99.9 bps$579.5$241.5K$8.2KUSDT-
MEXCTradeDAL/USDTTrading$87.13+6.2% APR
+0.00570% every 8h		+40.2 bps$4.4K$100.5K$99KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 2 venues absorb $10k · Typical cost: +184.3 bps

Cheapest execution: BingX · +184.3 bps

Too thin: MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

DAL
MEXC · DAL/USDT$4.4K

Tightest spread

DAL
MEXC · DAL/USDT+40.2 bps

Highest volume

DAL
BingX · DAL-USDT$241.5K

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-09 · next report 2027-01-13 · Updated 15h ago
All financials →

Valuation & key figures

Market cap
$57.4B
Updated 15h ago
Revenue
$71.8B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+4.6%
P/E
17.3
Peer P/E 18.3
P/S
0.8
Peer P/E
18.3
Similar listed perps
Free cash flow
$5.7B
Trailing 12 months
Net income
$3.3B
Trailing 12 months
Revenue estimate
$67B
Next fiscal year
Earnings
2027-01-13
Revenue est. $19.5B · Updated 15h ago
Dividend
$0.215
2026-10-15
Revenue (TTM)$71.8B+14.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)7.4%-2.3 pp vs a year agoOperating income $5.29B
Net income (TTM)$3.29B-28.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$5.68B+84.8% vs a year agoCapex $2.32B
Diluted EPS (TTM)$5.01-29.3% vs a year agoSum of the last 4 quarters
Net cash-$15B+16.1% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-09): revenue beat by 14.5%, EPS missed by 2.8%Revenue $20.2B vs $17.6B expected (+14.5%); EPS $1.72 vs $1.77 (-2.8%).
  • Revenue growth accelerating: 21.1% year on yearQ3 '26 revenue $20.2B, against an average of 10.2% over the four quarters before.
  • Operating margin 7.4% (TTM), -2.3 pp on a year agoOperating income grew -12.9% while revenue grew 14.1%.
  • 20.6% of pre-tax profit is eaten by non-operating lossesPre-tax income $4.38B vs operating income $5.29B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Airline$17.6B+15.7%87.1%
Refinery$2.97B+65.3%14.7%
Intersegment Eliminations–––
Sales to Airline Segment-$366M–-1.8%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 224 lines Delta Air Lines, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-13
Revenue est. $19.5B · Updated 15h ago
Dividend
$0.215
2026-10-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.43$67B+6%13
FY 20277.41$71.5B+13%9
FY 20289.79$74.5B+18%7
FY 202911.52$78.8B+24%2
FY 203011.86$85.2B+35%4
Q1 20281.01$17.2B+8%4

Company events

6
2027-01-13EarningsActual - / Estimate 1.42-
2026-10-15Dividend$0.215-
2026-10-09Earnings · Before market openActual 1.72 / Estimate 1.77Miss
2026-07-09EarningsActual 1.56 / Estimate 1.49Beat
2026-07-09Dividend$0.215-
2026-05-14Dividend$0.188-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
MELCO$58.1B1.517.9+8.2%1LGENERGY$58.2B2.6-32.3-8.2%1FAST$60.8B6.742.7+15.6%1CMI$62B1.718.7+9.3%2URI$65.4B3.723.3+16.3%2LHX$48.4B2.124.1+8.8%1CITIC$47.8B0.45.5+7.6%1HON$69.7B2.19.9+21.0%3

Company data

Company intelligence

Updated: Nov 2, 2026, 04:43 PM UTC

Company profile

Sector
Industrials
Industry
Airlines, Airports & Air Services
Chief executive
Edward H. Bastian
Employees
100,000
IPO date
May 3, 2007
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei1.48
Piotroski scorei8/9
Overall ratingiB+
Owner earningsi$3.28B$4.98 per share
ESG risk ratingiBIndustry rank: 4 out of 37

Rating factors

Return on equityi
4
Return on assetsi
3
Debt to equityi
2
Price to earningsi
3
Price to booki
3

Company press releases

Delta Air Lines Announces September Quarter 2026 Financial ResultsPRNewsWireDelta Air Lines Declares Quarterly DividendPRNewsWireDelta Air Lines Announces Webcast of September Quarter 2026 Financial ResultsPRNewsWireHyatt Announces Long-Term Strategic Collaboration with Delta Air Lines to Add Highly Sought After Benefits for Members Across the GlobeBusiness Wire

Congressional disclosures

Senate

House

Market cap history
$52.50B-12.2%Aug 26 – Oct 26
$48.88B$54.35B$59.81BHigh: $59.81B · 2026-08-03Low: $48.88B · 2026-10-19Latest: $52.50B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $52.50B · 2026-10-30High: $59.81B · 2026-08-03Low: $48.88B · 2026-10-19
Largest fund holders
FundWeightShares held
VTI0.07%18.8M
VOO0.08%15.6M
VO0.49%12.7M
VPMAX0.86%9.4M
VWNAX1.15%9.2M
FXAIX0.08%8.1M
IVV0.07%7.9M
XAW.TO0.04%7.9M
XSP.TO0.07%7.9M
SPY0.07%7.2M
VTV0.19%5.6M
FBGKX0.37%4.9M

Analyst track record

How the analysts covering DAL have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings162399
Analysts2530
Buy / hold / sell161 / 1 / 0390 / 9 / 0
Upgrades / downgrades / initiations1 / 0 / 44 / 3 / 8
Price targets hit / missed70 / 87 (45%)285 / 100 (74%)
Avg. return after a rating (TipRanks)-3.1%+21.6%
Best / worst call+30.3% / -29.1%+111.0% / -29.1%

After buy calls on this stock: median 21-day move +1.9% vs S&P 500 -0.4% (n = 403)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Andrew DidoraBank of America Securities85% hit rate on this stock · 20 targets measuredBuytarget $95.00Oct 9, 2026
  2. David VernonBernstein83% hit rate on this stock · 18 targets measuredBuytarget $100Oct 27, 2026
  3. Christopher StathoulopoulosSusquehanna83% hit rate on this stock · 12 targets measuredBuytarget $95.00Oct 12, 2026

Latest ratings

DateAnalystCallTarget
Nov 5, 2026Christian WetherbeeWells FargoBuyReiterated$100article ↗
Oct 29, 2026Christian WetherbeeWells FargoBuyMaintained$100article ↗
Oct 27, 2026David VernonBernsteinBuyMaintained$100article ↗
Oct 27, 2026David VernonBernsteinBuyMaintained$100
Oct 22, 2026Thomas Fitzgerald CFATD CowenBuyMaintained$101article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$70.00$80.00$90.00$100Dec 25 · Buy 19 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 21 · Hold 0 · Sell 0Feb 26 · Buy 21 · Hold 1 · Sell 0Feb 26Mar 26 · Buy 22 · Hold 1 · Sell 0Apr 26 · Buy 20 · Hold 1 · Sell 0Apr 26May 26 · Buy 21 · Hold 1 · Sell 0Jun 26 · Buy 19 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 19 · Hold 1 · Sell 0Aug 26 · Buy 20 · Hold 0 · Sell 0Aug 26Sep 26 · Buy 20 · Hold 0 · Sell 0Oct 26 · Buy 21 · Hold 0 · Sell 0Oct 26Nov 26 · Buy 21 · Hold 0 · Sell 0Dec 25 · avg. target $75.82Jan 26 · avg. target $82.57Feb 26 · avg. target $82.57Mar 26 · avg. target $80.27Apr 26 · avg. target $81.42May 26 · avg. target $83.05Jun 26 · avg. target $89.11Jul 26 · avg. target $105Aug 26 · avg. target $105Sep 26 · avg. target $106Oct 26 · avg. target $105Nov 26 · avg. target $105Dec 25 · month-end close $69.40Jan 26 · month-end close $65.89Feb 26 · month-end close $65.70Mar 26 · month-end close $66.48Apr 26 · month-end close $67.99May 26 · month-end close $82.48Jun 26 · month-end close $93.66Jul 26 · month-end close $87.44Aug 26 · month-end close $78.00Sep 26 · month-end close $83.46Oct 26 · month-end close $80.15Nov 26 · month-end close $80.15

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 5, 2026 · 162 ratings

Frequently asked questions

Where can I trade DAL perpetual futures?

Delta Air Lines, Inc. (DAL) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade DAL around the clock?

Yes. Unlike the underlying stock, DAL perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on DAL perpetuals?

Right now the DAL perp funding rate is +5.3% annualized (venue median), ranging from +4.4% to +6.2% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the DAL perp price compare to the Delta Air Lines, Inc. stock?

The venue-median DAL perp mark is $87.1 versus a reference stock price of $87.1, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a DAL perpetual future?

A DAL perpetual is a derivative that tracks the price of Delta Air Lines, Inc. with no expiry date. It lets you take long or short exposure to Delta Air Lines, Inc. on crypto venues, around the clock.

What is DALUSDT perpetual?

DALUSDT is the symbol most crypto exchanges use for the Delta Air Lines, Inc. perpetual settled in USDT (Tether). It tracks the DAL share price through an index, trades 24/7 with leverage and never expires.

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