Delta Air Lines, Inc. (DAL) balance sheet
NYSE · Industrials · Airlines, Airports & Air Services · 100,000 employees · CEO Edward H. Bastian
- Price
- $80.15 -1.83%
- Market cap
- $52.7B
- Enterprise value
- $67.8B
- Last report
- Q3 '26 filed 2026-10-09
- Next report
- 2027-01-13 EPS est. $1.42
At the end of Q3 '26 Delta Air Lines, Inc. (DAL) held $3.79B in cash and short-term investments against $18.8B of debt incl. leases. Total assets $86B, total liabilities $63.5B, shareholders' equity $22.5B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $2.74B | $3.88B | $4.11B | $3.97B | $3.07B | $3.71B | $3.33B | $3.79B | $4.31B | $5.05B | $4.67B | $3.79B | |
| Short-term investments | $1.13B | $589M | $124M | $8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $3.13B | $3.75B | $3.81B | $3.55B | $3.22B | $3.65B | $3.76B | $3.61B | $2.85B | $4.09B | $4.31B | $4.33B | |
| Inventory | $1.31B | $1.45B | $1.49B | $1.47B | $1.43B | $1.49B | $1.53B | $1.54B | $1.6B | $1.77B | $2.56B | $2.64B | |
| Other current assets | $1.96B | $1.91B | $2.06B | $2.07B | $2.12B | $2.39B | $2.37B | $2.28B | $2.21B | $2.75B | $2.71B | $2.74B | |
| Current assets | $10.3B | $11.6B | $11.6B | $11.1B | $9.84B | $11.2B | $11B | $11.2B | $11B | $13.7B | $14.2B | $13.5B | |
| Property, plant & equipment (net) | $42.5B | $42.7B | $43.1B | $43.5B | $44.2B | $44.7B | $45.3B | $45.6B | $46B | $46.9B | $47.7B | $48.3B | |
| Long-term investments | $3.46B | $3.25B | $3.02B | $3.27B | $2.85B | $2.82B | $3.56B | $3.88B | $4.22B | $3.7B | $4.04B | $3.82B | |
| Goodwill | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | |
| Intangible assets | $5.98B | $5.98B | $5.98B | $5.98B | $5.98B | $5.97B | $5.97B | $5.97B | $5.97B | $5.96B | $5.96B | $5.96B | |
| Other non-current assets | $1.69B | $1.71B | $1.71B | $1.76B | $2.72B | $2.85B | $2.87B | $3.22B | $4.29B | $4.47B | $4.62B | $4.7B | |
| Non-current assets | $63.4B | $63.4B | $63.6B | $64.3B | $65.5B | $66.1B | $67.4B | $68.4B | $70.2B | $70.8B | $72.1B | $72.6B | |
| Total assets | $73.6B | $75B | $75.2B | $75.4B | $75.4B | $77.3B | $78.4B | $79.6B | $81.2B | $84.4B | $86.3B | $86B | |
| Liabilities | |||||||||||||
| Accounts payable | $4.45B | $4.54B | $4.88B | $4.55B | $4.65B | $4.81B | $5.06B | $5.02B | $5.23B | $5.97B | $6.74B | $6.6B | |
| Accrued expenses | $6.18B | $5.08B | $5.58B | $5.95B | $6.57B | $5.65B | $6.04B | $6.46B | $4.91B | $5.95B | $3.94B | $0 | |
| Short-term debt | $2.98B | $2.81B | $2.95B | $3.32B | $2.18B | $2.94B | $2.22B | $2.85B | $2.41B | $3.09B | $3.44B | $4.24B | |
| Deferred revenue | $3.91B | $4.02B | $4.04B | $4.12B | $4.31B | $4.43B | $4.5B | $4.65B | $4.88B | $5.01B | $15.3B | $5.45B | |
| Other current liabilities | $8.14B | $11.3B | $10.5B | $9.4B | $8.19B | $11.1B | $9.99B | $8.52B | $9.44B | $12.7B | $3.36B | $17.3B | |
| Current liabilities | $26.4B | $28.5B | $28.8B | $28.1B | $26.7B | $29.7B | $28.6B | $28.2B | $27.7B | $32.7B | $33.6B | $33.6B | |
| Long-term debt | $17.1B | $16.6B | $15B | $14.4B | $14B | $12.9B | $12.8B | $12.8B | $12.5B | $11.1B | $10.5B | $9.12B | |
| Lease obligations (non-current) | $6.47B | $6.2B | $6.05B | $5.92B | $5.81B | $5.7B | $5.48B | $5.36B | $5.35B | $0 | $5.16B | $5.48B | |
| Deferred revenue (non-current) | $4.51B | $4.52B | $4.6B | $4.63B | $4.51B | $4.55B | $4.57B | $4.47B | $4.39B | $0 | $4.33B | $4.18B | |
| Deferred tax liabilities | $908M | $994M | $1.41B | $1.68B | $2.18B | $2.23B | $2.63B | $2.96B | $3.37B | $3.5B | $3.92B | $4.23B | |
| Other non-current liabilities | $7.16B | $7.07B | $6.96B | $7.01B | $6.89B | $6.82B | $6.89B | $6.99B | $7.15B | $16.8B | $6.99B | $6.95B | |
| Non-current liabilities | $36.1B | $35.3B | $34.1B | $33.6B | $33.4B | $32.2B | $32.4B | $32.6B | $32.8B | $31.4B | $30.9B | $30B | |
| Total liabilities | $62.5B | $63.8B | $62.8B | $61.7B | $60.1B | $61.9B | $61B | $60.8B | $60.4B | $64.1B | $64.5B | $63.5B | |
| Equity | |||||||||||||
| Retained earnings | $5.65B | $5.62B | $6.77B | $7.94B | $8.78B | $8.93B | $10.8B | $12.1B | $13.3B | $12.9B | $14.3B | $14.9B | |
| Accumulated other comprehensive income | -$5.85B | -$5.79B | -$5.74B | -$5.69B | -$4.98B | -$4.94B | -$4.9B | -$4.86B | -$4.14B | -$4.11B | -$4.07B | -$4.04B | |
| Shareholders' equity | $11.1B | $11.2B | $12.4B | $13.6B | $15.3B | $15.4B | $17.4B | $18.8B | $20.8B | $20.4B | $21.8B | $22.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $27.3B | $26.3B | $24.8B | $24.4B | $22.8B | $22.3B | $21.3B | $21.7B | $21.1B | $14.2B | $20B | $18.8B | |
| Net debt (debt - cash) | $24.5B | $22.4B | $20.7B | $20.4B | $19.7B | $18.6B | $17.9B | $17.9B | $16.8B | $9.11B | $15.3B | $15B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.76B | $1.81B | $1.57B | $2.88B | $8.31B | $7.93B | $3.27B | $2.74B | $3.07B | $4.31B | |
| Short-term investments | $487M | $825M | $0 | $0 | $5.79B | $3.39B | $3.27B | $1.13B | $0 | $0 | |
| Receivables | $2.06B | $2.38B | $2.31B | $2.85B | $1.4B | $2.4B | $3.18B | $3.13B | $3.22B | $2.85B | |
| Inventory | $891M | $1.33B | $1.06B | $1.25B | $732M | $1.1B | $1.42B | $1.31B | $1.43B | $1.6B | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.96B | $2.12B | $2.21B | |
| Current assets | $7.45B | $7.8B | $6.34B | $8.25B | $17.4B | $15.9B | $13B | $10.3B | $9.84B | $11B | |
| Property, plant & equipment (net) | $24.4B | $26.6B | $34.3B | $36.9B | $32.3B | $35.9B | $40.1B | $42.5B | $44.2B | $46B | |
| Long-term investments | $0 | $0 | $0 | $2.57B | $1.67B | $1.71B | $2.13B | $3.46B | $2.85B | $4.22B | |
| Goodwill | $9.79B | $9.79B | $9.78B | $9.78B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B | |
| Intangible assets | $4.84B | $4.85B | $4.83B | $5.17B | $6.01B | $6B | $5.99B | $5.98B | $5.98B | $5.97B | |
| Deferred tax assets | $3.06B | $1.35B | $242M | $120M | $1.99B | $1.29B | $325M | $0 | $0 | $0 | |
| Other non-current assets | $1.73B | $3.31B | $4.74B | $1.71B | $2.91B | $1.77B | $934M | $1.69B | $2.72B | $4.29B | |
| Non-current assets | $43.8B | $45.9B | $53.9B | $56.3B | $54.6B | $56.5B | $59.3B | $63.4B | $65.5B | $70.2B | |
| Total assets | $51.3B | $53.3B | $60.3B | $64.5B | $72B | $72.5B | $72.3B | $73.6B | $75.4B | $81.2B | |
| Liabilities | |||||||||||
| Accounts payable | $2.57B | $3.63B | $2.98B | $3.27B | $2.84B | $4.24B | $5.11B | $4.45B | $4.65B | $5.23B | |
| Accrued expenses | $4.83B | $4.89B | $4.4B | $4.78B | $3.76B | $4.2B | $5.07B | $6.18B | $6.57B | $4.91B | |
| Short-term debt | $1.13B | $2.24B | $1.52B | $2.29B | $1.73B | $1.78B | $2.36B | $2.98B | $2.18B | $2.41B | |
| Deferred revenue | $1.65B | $2.76B | $2.99B | $3.22B | $1.78B | $2.71B | $3.43B | $3.91B | $4.31B | $4.88B | |
| Other current liabilities | $5.06B | $5.43B | $5.74B | $5.85B | $5.14B | $7.33B | $9.26B | $8.14B | $8.19B | $9.44B | |
| Current liabilities | $15.2B | $19B | $18.6B | $20.2B | $15.9B | $21B | $25.9B | $26.4B | $26.7B | $27.7B | |
| Long-term debt | $6.2B | $6.59B | $8.25B | $8.87B | $27.4B | $25.1B | $20.7B | $17.1B | $14B | $12.5B | |
| Lease obligations (non-current) | $0 | $0 | $5.8B | $5.29B | $5.71B | $7.06B | $6.87B | $6.47B | $5.81B | $5.35B | |
| Deferred revenue (non-current) | $2.28B | $3.56B | $3.65B | $3.51B | $5.41B | $4.85B | $4.45B | $4.51B | $4.51B | $4.39B | |
| Deferred tax liabilities | $0 | $0 | $163M | $1.46B | $0 | $0 | $24M | $908M | $2.18B | $3.37B | |
| Other non-current liabilities | $15.3B | $12B | $10.1B | $9.84B | $16B | $10.6B | $7.76B | $7.16B | $6.89B | $7.15B | |
| Non-current liabilities | $23.7B | $22.2B | $28B | $29B | $54.5B | $47.6B | $39.8B | $36.1B | $33.4B | $32.8B | |
| Total liabilities | $39B | $41.1B | $46.6B | $49.2B | $70.5B | $68.6B | $65.7B | $62.5B | $60.1B | $60.4B | |
| Equity | |||||||||||
| Retained earnings | $7.9B | $9.64B | $10B | $12.5B | -$428M | -$148M | $1.17B | $5.65B | $8.78B | $13.3B | |
| Accumulated other comprehensive income | -$7.64B | -$7.62B | -$7.83B | -$7.99B | -$9.04B | -$7.13B | -$5.8B | -$5.85B | -$4.98B | -$4.14B | |
| Shareholders' equity | $12.3B | $12.5B | $13.7B | $15.4B | $1.53B | $3.89B | $6.58B | $11.1B | $15.3B | $20.8B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $7.33B | $8.83B | $16.5B | $17.3B | $35.5B | $34.7B | $30.6B | $27.3B | $22.8B | $21.1B | |
| Net debt (debt - cash) | $4.57B | $7.02B | $15B | $14.4B | $27.2B | $26.7B | $27.3B | $24.5B | $19.7B | $16.8B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02