Delta Air Lines Inc (DAL) — Capital Reinvestment Ratio
Delta Air Lines Inc (DAL) has a Capital Reinvestment Ratio of 0.75x as of June 2026, meaning it reinvests 1% of its operating cash flow ($1.59 Billion) in capital expenditures ($1.20 Billion). Check DAL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Delta Air Lines Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Delta Air Lines Inc's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see Delta Air Lines Inc (DAL) cash conversion ratio.
Annual Capital Reinvestment Ratio for Delta Air Lines Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Delta Air Lines Inc from 1989 to 2025. See Delta Air Lines Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | $8.34 Billion | $4.50 Billion | ▼ -15.8% |
| 2024 | 0.64x | $8.03 Billion | $5.14 Billion | ▼ -22.2% |
| 2023 | 0.82x | $6.46 Billion | $5.32 Billion | ▼ -17.7% |
| 2022 | 1.00x | $6.36 Billion | $6.37 Billion | ▲ +0.5% |
| 2021 | 1.00x | $3.26 Billion | $3.25 Billion | ▲ +70.1% |
| 2019 | 0.59x | $8.44 Billion | $4.94 Billion | ▼ -20.6% |
| 2018 | 0.74x | $7.01 Billion | $5.17 Billion | ▼ -2.5% |
| 2017 | 0.76x | $5.15 Billion | $3.89 Billion | ▲ +60.6% |
| 2016 | 0.47x | $7.21 Billion | $3.39 Billion | ▲ +26.7% |
| 2015 | 0.37x | $7.93 Billion | $2.94 Billion | ▼ -18.3% |
| 2014 | 0.45x | $4.95 Billion | $2.25 Billion | ▼ -20.3% |
| 2013 | 0.57x | $4.50 Billion | $2.57 Billion | ▼ -28.3% |
| 2012 | 0.79x | $2.48 Billion | $1.97 Billion | ▲ +79.6% |
| 2011 | 0.44x | $2.83 Billion | $1.25 Billion | ▼ -6.6% |
| 2010 | 0.47x | $2.83 Billion | $1.34 Billion | ▼ -45.6% |
| 2009 | 0.87x | $1.38 Billion | $1.20 Billion | ▲ +13.7% |
| 2007 | 0.77x | $1.37 Billion | $1.05 Billion | ▲ +84.3% |
| 2006 | 0.42x | $993.00 Million | $413.00 Million | ▼ -91.1% |
| 2005 | 4.65x | $175.00 Million | $814.00 Million | ▲ +183.2% |
| 2003 | 1.64x | $453.00 Million | $744.00 Million | ▼ -63.6% |
| 2002 | 4.51x | $285.00 Million | $1.29 Billion | ▼ -61.9% |
| 2001 | 11.83x | $236.00 Million | $2.79 Billion | ▲ +744.8% |
| 2000 | 1.40x | $2.90 Billion | $4.06 Billion | ▲ +45.6% |
| 1999 | 0.96x | $2.93 Billion | $2.82 Billion | ▲ +22.5% |
| 1998 | 0.79x | $2.92 Billion | $2.29 Billion | ▼ -17.8% |
| 1997 | 0.96x | $2.04 Billion | $1.95 Billion | ▲ +42.0% |
| 1996 | 0.67x | $1.39 Billion | $936.00 Million | ▲ +19.7% |
| 1995 | 0.56x | $1.11 Billion | $626.00 Million | ▼ -38.3% |
| 1994 | 0.91x | $1.32 Billion | $1.21 Billion | ▲ +0.0% |
| 1993 | 0.91x | $1.32 Billion | $1.21 Billion | ▼ -56.4% |
| 1992 | 2.09x | $676.90 Million | $1.41 Billion | ▼ -87.4% |
| 1991 | 16.60x | $149.50 Million | $2.48 Billion | ▲ +150.6% |
| 1990 | 6.62x | $323.80 Million | $2.14 Billion | ▲ +215.1% |
| 1989 | 2.10x | $803.80 Million | $1.69 Billion | — |