Delta Air Lines, Inc.

Delta Air Lines, Inc.

DALยทNYSE

$78.78

-1.5%
IndustrialsAirlines, Airports & Air Services

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, Minneapolis-St. Paul, Detroit, 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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$51.76B
EPS7.7200
P/E Ratio10.20
Earnings Date07/09/2026
Delta Air Lines, Inc.

Delta Air Lines, Inc. Fair Value Envelope

DAL ยท NYSE

Our analysis suggests that DAL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $78.78, this represents a potential HIDDEN relative to our calculated worth for Delta Air Lines, Inc..

Intrinsic Value
Current Price: $78.78

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1,305.4B
+ Cash & Equivalents$4.3B
Firm Value$1,309.7B
- Debt$21.1B
Equity Value$1,288.6B
/ Shares Outstanding652,962,768B
DCF Value$2.0K
UNDERVALUED BY 2405%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$11.1B
$14.8B
$19.7B
$26.2B
$34.9B
$46.5B
$61.9B
$82.3B
$109.6B
$146.0B
Maintenance CapEx
-$1.2B
-$1.6B
-$2.1B
-$2.8B
-$3.8B
-$5.0B
-$6.7B
-$8.9B
-$11.8B
-$15.8B
Owner Earnings
$9.9B
$13.2B
$17.6B
$23.4B
$31.1B
$41.4B
$55.2B
$73.5B
$97.8B
$130.2B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$9.2B
$11.3B
$13.9B
$17.2B
$21.2B
$26.1B
$32.2B
$39.7B
$48.9B
$60.3B
Terminal Value represents 78.5% of Enterprise Value