Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.5B | $41.1B | $44.4B | $47.0B | $17.1B | $29.9B | $50.6B | $58.0B | $61.6B | $63.4B |
| Revenue growth | — | 4.3% | 8.0% | 5.8% | -63.6% | 74.9% | 69.2% | 14.8% | 6.2% | 2.8% |
| Operating income | $7.00B | $5.97B | $5.26B | $6.62B | -$12.5B | $1.89B | $3.66B | $5.52B | $6.00B | $5.82B |
| Operating margin | 17.7% | 14.5% | 11.8% | 14.1% | -72.9% | 6.3% | 7.2% | 9.5% | 9.7% | 9.2% |
| Net income | $4.20B | $3.21B | $3.94B | $4.77B | -$12.4B | $280M | $1.32B | $4.61B | $3.46B | $5.00B |
| Net margin | 10.6% | 7.8% | 8.9% | 10.1% | -72.4% | 0.9% | 2.6% | 7.9% | 5.6% | 7.9% |
| EPS (diluted) | $5.55 | $4.43 | $5.67 | $7.30 | -$19.49 | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.21B | $5.02B | $7.01B | $8.43B | -$3.79B | $3.26B | $6.36B | $6.46B | $8.03B | $8.34B |
| Capital expenditures | $3.39B | $3.89B | $5.17B | $4.94B | $1.90B | $3.25B | $6.37B | $5.32B | $5.14B | $4.50B |
| Free cash flow | $3.82B | $1.13B | $1.85B | $3.49B | -$5.69B | $17.0M | -$3.00M | $1.14B | $2.88B | $3.84B |
| Share buybacks | $2.60B | $1.68B | $1.57B | $2.03B | $344M | $0.00 | $0.00 | — | — | — |
| Dividends paid | $509M | $731M | $909M | $980M | $260M | $0.00 | $0.00 | $128M | $321M | $440M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.76B | $1.81B | $1.56B | $2.88B | $8.31B | $7.93B | $3.27B | $2.74B | $3.07B | $4.31B |
| Total assets | $51.9B | $53.7B | $60.3B | $64.5B | $72.0B | $72.5B | $72.3B | $73.6B | $75.4B | $81.3B |
| Long-term debt | $6.00B | $6.29B | $7.96B | $8.05B | $26.5B | $23.6B | $19.3B | $16.0B | $13.5B | $11.9B |
| Shareholders' equity | $11.3B | $12.5B | $13.7B | $15.4B | $1.53B | $3.89B | $6.58B | $11.1B | $15.3B | $20.9B |
| Retained earnings | $7.90B | $8.26B | $10.0B | $12.5B | -$428M | -$148M | $1.17B | $5.65B | $8.78B | $13.3B |
| Shares (wtd avg diluted) | 755M | 723M | 694M | 653M | 636M | 641M | 641M | 643M | 648M | 654M |
Every figure is extracted from DELTA AIR LINES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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