Delta Air Lines, Inc.
At today's price, Delta Air Lines, Inc. (DAL) is priced for +2.2% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Delta has shifted from selling seats to selling premium travel and a loyalty franchise: its SkyMiles program and Delta American Express co-brand are high-margin revenue streams that grow even when the basic airfare market is flat. • The biggest risk is the one every airline carries: fuel and the economic cycle, with the company guiding to a more than $2 billion fuel-cost headwind at the forward curve, and a balance sheet still carrying about $9 billion of net debt. • Watch the premium and corp
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1,299 institutional managers reported holding DAL in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 48%. 147 opened new positions that quarter. Held by Vanguard Group, BlackRock, Berkshire Hathaway, among others. On the short side, 23.1M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DAL's share count grew 2.4% over the past five years. It pays a dividend, and has for 3 years running, raised 2 years straight; the current rate is $0.68 a share annually. Cash returned over the past three years: $1.02B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at DAL over the trailing three years: 2023: 2 buys totaling $638k; 2024: 2 buys totaling $934k; 2025: 2 buys totaling $601k. 26 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DAL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-14 | -3.0% | -14.2% |
| 2023-10-13 | -5.2% | +24.2% |
| 2024-02-13 | -9.0% | +16.4% |
| 2024-04-11 | +0.7% | +5.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DAL's latest 8-K filings: 2026-07-10 (items 2.02, 9.01); 2026-06-22 (items 5.07); 2026-06-12 (items 1.01, 2.03); 2026-04-08 (items 2.02, 9.01); 2026-03-17 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.