Delta Air Lines Inc (DAL) — Free Cash Flow Generation Index

Latest as of March 2026: 0.51x

Delta Air Lines Inc (DAL) has a Free Cash Flow Generation Index of 0.51x as of March 2026. Free cash flow of $1.23 Billion represents 1% of operating cash flow ($2.43 Billion). See Delta Air Lines Inc (DAL) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

FCF Generation Index

0.51x
Free Cash Flow / Operating CF

Free Cash Flow

$1.23 Billion
USD

Operating Cash Flow

$2.43 Billion
USD

Capital Expenditures

$1.20 Billion
USD

Delta Air Lines Inc Free Cash Flow Generation Index (1989–2025)

Historical FCF Generation Index trend for Delta Air Lines Inc across 34 annual periods. Explore Delta Air Lines Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.

Annual Free Cash Flow Generation for Delta Air Lines Inc (1989–2025)

Year-by-year Free Cash Flow Generation Index for Delta Air Lines Inc. For the full company profile including market capitalisation, see Delta Air Lines Inc stock valuation.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.46x $3.84 Billion $8.34 Billion $4.50 Billion ▲ +28.1%
2024 0.36x $2.88 Billion $8.03 Billion $5.14 Billion ▲ +103.7%
2023 0.18x $1.14 Billion $6.46 Billion $5.32 Billion ▲ +56267.4%
2022 0.00x $-2.00 Million $6.36 Billion $6.37 Billion ▼ -106.4%
2021 0.00x $16.00 Million $3.26 Billion $3.25 Billion ▼ -98.8%
2019 0.41x $3.50 Billion $8.44 Billion $4.94 Billion ▲ +57.7%
2018 0.26x $1.85 Billion $7.01 Billion $5.17 Billion ▲ +7.8%
2017 0.24x $1.26 Billion $5.15 Billion $3.89 Billion ▼ -53.9%
2016 0.53x $3.81 Billion $7.21 Billion $3.39 Billion ▼ -15.8%
2015 0.63x $4.98 Billion $7.93 Billion $2.94 Billion ▲ +15.2%
2014 0.55x $2.70 Billion $4.95 Billion $2.25 Billion ▲ +26.9%
2013 0.43x $1.94 Billion $4.50 Billion $2.57 Billion ▲ +109.5%
2012 0.21x $508.00 Million $2.48 Billion $1.97 Billion ▼ -63.2%
2011 0.56x $1.58 Billion $2.83 Billion $1.25 Billion ▲ +6.0%
2010 0.53x $1.49 Billion $2.83 Billion $1.34 Billion ▲ +309.9%
2009 0.13x $177.00 Million $1.38 Billion $1.20 Billion ▼ -45.0%
2007 0.23x $320.00 Million $1.37 Billion $1.05 Billion ▼ -60.0%
2006 0.58x $580.00 Million $993.00 Million $413.00 Million ▲ +116.0%
2005 -3.65x $-639.00 Million $175.00 Million $814.00 Million ▼ -468.4%
2003 -0.64x $-291.00 Million $453.00 Million $744.00 Million ▲ +81.7%
2002 -3.51x $-1.00 Billion $285.00 Million $1.29 Billion ▲ +67.6%
2001 -10.83x $-2.56 Billion $236.00 Million $2.79 Billion ▼ -2602.2%
2000 -0.40x $-1.16 Billion $2.90 Billion $4.06 Billion ▼ -1167.7%
1999 0.04x $110.00 Million $2.93 Billion $2.82 Billion ▼ -82.5%
1998 0.21x $625.00 Million $2.92 Billion $2.29 Billion ▲ +380.3%
1997 0.04x $91.00 Million $2.04 Billion $1.95 Billion ▼ -86.4%
1996 0.33x $455.00 Million $1.39 Billion $936.00 Million ▼ -25.3%
1995 0.44x $488.00 Million $1.11 Billion $626.00 Million ▲ +387.4%
1994 0.09x $119.00 Million $1.32 Billion $1.21 Billion ▲ +0.0%
1993 0.09x $119.00 Million $1.32 Billion $1.21 Billion ▲ +108.3%
1992 -1.09x $-736.20 Million $676.90 Million $1.41 Billion ▲ +93.0%
1991 -15.60x $-2.33 Billion $149.50 Million $2.48 Billion ▼ -177.3%
1990 -5.62x $-1.82 Billion $323.80 Million $2.14 Billion ▼ -410.3%
1989 -1.10x $-885.70 Million $803.80 Million $1.69 Billion
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).