Delta Air Lines Inc (DAL) — Capital Reinvestment Ratio
Delta Air Lines Inc (DAL) has a Capital Reinvestment Ratio of 0.49x as of March 2026, meaning it reinvests 0% of its operating cash flow ($2.43 Billion) in capital expenditures ($1.20 Billion). See DAL equity to assets ratio to measure how much of total assets are equity-financed.
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. Check Delta Air Lines Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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. For live market cap and broader valuation context, see Delta Air Lines Inc stock valuation.
| 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 | — |