Delta Air Lines Inc (DAL) — Free Cash Flow Generation Index
Delta Air Lines Inc (DAL) has a Free Cash Flow Generation Index of 1.75x as of June 2026. Free cash flow of $2.79 Billion represents 2% of operating cash flow ($1.59 Billion). Explore DAL capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Delta Air Lines Inc (DAL) cash flow conversion.
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. Check Delta Air Lines Inc investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |