Delta Air Lines Inc (DAL) — Free Cash Flow Generation Index
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). Read DAL total debt and obligations for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
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 DAL capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 DAL stock market capitalisation.
| 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 | — |