Delta Air Lines Inc (DAL) — Capital Reinvestment Ratio
Latest as of March 2026:
0.49x
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 Delta Air Lines Inc (DAL) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.49x
Capex / Operating Cash Flow
Operating Cash Flow
$2.43 Billion
USD
Capital Expenditures
$1.20 Billion
USD
Data as of
Mar 2026
Most recent filing
Delta Air Lines Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Delta Air Lines Inc's Capital Reinvestment Ratio across 34 annual periods.
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 market cap of Delta Air Lines Inc.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow