DAL Delta AIR Lines (DAL) Insider Trading, Ownership & Congress Trades
Transport · Air transportation, scheduled · CIK 0000027904
Congress · 1Form 144 · 6
Insider buyers, 180 days
0
Funds added, last quarter
821
13F, latest reported quarter
Conversions, 180 days
5
Codes C/M, not in net · $16.1M priced
What the filings say about DAL
Insiders, 180 days
-$38.5M net sold
7 sellers · 0% of sales under a 10b5-1 plan
Congress, 1 year
1 bought · 1 sold
Latest: sale, 2025-10-31
Planned sales (Form 144), 90 days
$33.1M
6 notices
Delta AIR Lines insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, DELTA AIR LINES, INC. insiders sold a net $38.5M of stock across 109 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-27.
Insider
Filed
Shares
Value
Since filing
Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Aug 19, 2025.
- The trade is 9.5% of the 32,525 shares held after it.
- 5 other insiders sold within 30 days.
- 821 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director HUERTA MICHAEL P sold about $291.8K of DAL on Aug 5, 2026; 5 other insiders sold within 30 days and 821 funds added in the latest 13F quarter.Context
- 7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Feb 9, 2026.
- The trade is 38.8% of the 104,404 shares held after it.
- 5 other insiders sold within 30 days.
- 821 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP - Global Sales & Distrib Sear Steven M sold about $3.8M of DAL on Aug 5, 2026; 5 other insiders sold within 30 days and 821 funds added in the latest 13F quarter.Context
- 8 earlier Form 4 trades (code P or S) here by this insider (8 sales), the last on May 27, 2026.
- The trade is 36.8% of the 95,025 shares held after it.
- 5 other insiders sold within 30 days.
- 821 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP & Pres. - International BELLEMARE ALAIN sold about $3.2M of DAL on Aug 4, 2026; 5 other insiders sold within 30 days and 821 funds added in the latest 13F quarter.Context
- 8 earlier Form 4 trades (code P or S) here by this insider (8 sales), the last on Feb 26, 2026.
- The trade is 15.1% of the 1,363,448 shares held after it.
- 5 other insiders sold within 30 days.
- 821 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Bastian Edward H sold about $19.2M of DAL on Aug 4, 2026, the largest insider sale at the company on our record; 5 other insiders sold within 30 days and 821 funds added in the latest 13F quarter.Context
- 7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Feb 6, 2026.
- The trade is 9.4% of the 424,704 shares held after it.
- 5 other insiders sold within 30 days.
- 821 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President Carter Peter W sold about $3.7M of DAL on Aug 4, 2026; 5 other insiders sold within 30 days and 821 funds added in the latest 13F quarter.109 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$38.5M over 180 days
-$33.1M over 90 days
below 95% of Transport
Congress
1 member bought in the last year
the lowest in Transport
Funds
821 funds bought in last quarter
more than 96% of Transport
Revenue
+2.8% year over year
more than 52% of Transport
Margin
7.9% net margin
more than 63% of Transport
Buybacks
no share repurchases reported
Short interest
3.9% of the float short (float per yahoo 2026-10-26) · 2.9 days to cover · settled 2026-09-30
more than 60% of Transport
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch DAL
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+29.0%12M
Insider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns DAL: institutional holders (13F)
13F holdings, latest reported quarter
57,320,000 sh
$5.4B
45,106,139 sh
$4.2B
41,307,000 sh
$3.9B
33,187,319 sh
$3.1B
29,129,629 sh
$2.7B
Congress trades in DAL
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Sold 2025-10-31 · disclosed 21 days later
$1,001 - $15,000
Sold 2025-10-30 · disclosed 22 days later
$1,001 - $15,000
Bought 2025-10-30 · disclosed 22 days later
$1,001 - $15,000
Bought 2025-06-17 · disclosed 57 days later
$1,001 - $15,000
Sold 2025-05-12 · disclosed 41 days later
$15,001 - $50,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
DAL planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
HUERTA MICHAEL P
Filed 2026-08-05
$291.8K
Sear Steven M
Filed 2026-08-05
$3.8M
BELLEMARE ALAIN
Filed 2026-08-04
$3.2M
Bastian Edward H
Filed 2026-08-04
$19.2M
Carter Peter W
Filed 2026-08-04
$3.7M
DAL mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
U.S. Global Jets ETF
$100.7M position · as of 2026-06-30
10.5%
Select Transportation Portfolio
$47.3M position · as of 2026-05-31
9.2%
VistaShares Target 15 Berkshire Select Income ETF
$51.9M position · as of 2026-07-31
5.2%
First Trust Nasdaq Transportation ETF
$56.8M position · as of 2026-06-30
5.2%
iShares U.S. Transportation ETF
$112.6M position · as of 2026-07-31
5.0%
ICON EQUITY FUND
$2.5M position · as of 2026-06-30
4.3%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Edward H. Bastian
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$19.2M
$105.5M
$7.8M
+77%
-12%
2024
$27.1M
$56.4M
$8.9M
+52%
-17%
2023
$34.2M
$39.8M
$12.3M
+1%
-17%
2022
$9.6M
$7.6M
$5.1M
-18%
-36%
2021
$12.4M
$11.6M
$6.1M
-3%
-2%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $38.5M sold by insiders over 180 days, 821 funds added last quarter, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $33.1M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
DAL financials
Revenue growth
+2.8%
XBRL, annual
Net margin
7.9%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$71.8B
four quarters, 2025-10-01 to 2026-09-30
Revenue, TTM DAL
| FY Dec 2025 | $63.4B |
| FY Dec 2024 | $61.6B |
| FY Dec 2023 | $58.0B |
| FY Dec 2022 | $50.6B |
| FY Dec 2021 | $29.9B |
| Sep 2026 | $20.2B |
| Jun 2026 | $19.8B |
| Mar 2026 | $15.9B |
| Dec 2025 | $16.0B |
| Sep 2025 | $16.7B |
| Jun 2025 | $16.6B |
| Mar 2025 | $14.0B |
| Dec 2024 | $15.6B |
At each fiscal year end
Single quarter
Net margin, TTM
+4.6%
net income over revenue, 2025-10-01 to 2026-09-30
Net margin, TTM DAL
| FY Dec 2025 | +7.9% |
| FY Dec 2024 | +5.6% |
| FY Dec 2023 | +7.9% |
| FY Dec 2022 | +2.6% |
| FY Dec 2021 | +0.9% |
| Sep 2026 | +3.7% |
| Jun 2026 | +8.1% |
| Mar 2026 | -1.8% |
| Dec 2025 | +7.6% |
| Sep 2025 | +8.5% |
| Jun 2025 | +12.8% |
| Mar 2025 | +1.7% |
| Dec 2024 | +5.4% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$6.5B
operating cash flow minus capex, 2025-10-01 to 2026-09-30
Free cash flow, TTM DAL
| FY Dec 2025 | $3.8B |
| FY Dec 2024 | $2.9B |
| FY Dec 2023 | $1.1B |
| FY Dec 2022 | -$3.0M |
| FY Dec 2021 | $17.0M |
| Sep 2026 | $1.5B |
| Jun 2026 | $2.4B |
| Mar 2026 | $1.2B |
| Dec 2025 | $1.4B |
| Sep 2025 | $687.0M |
| Jun 2025 | $648.0M |
| Mar 2025 | $1.2B |
| Dec 2024 | $584.0M |
At each fiscal year end
Single quarter
Debt to equity
0.54x
long-term 2026-09-30 plus current 2026-09-30; equity 2026-09-30
Debt to equity DAL
| FY Dec 2025 | 0.64x |
| FY Dec 2024 | 1.00x |
| FY Dec 2023 | 1.68x |
| FY Dec 2022 | 3.25x |
| FY Dec 2021 | 6.45x |
| Sep 2026 | 0.54x |
| Jun 2026 | 0.59x |
| Mar 2026 | 0.65x |
| Dec 2025 | 0.64x |
| Sep 2025 | 0.75x |
| Jun 2025 | 0.82x |
| Mar 2025 | 0.98x |
| Dec 2024 | 1.00x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.66x
TTM operating cash flow over long-term 2026-09-30 plus current 2026-09-30
Cash flow to debt DAL
| FY Dec 2025 | 0.63x |
| FY Dec 2024 | 0.52x |
| FY Dec 2023 | 0.35x |
| FY Dec 2022 | 0.30x |
| FY Dec 2021 | 0.13x |
| Sep 2026 | 0.66x |
| Jun 2026 | 0.63x |
| Mar 2026 | 0.63x |
| Dec 2025 | 0.63x |
| Sep 2025 | 0.56x |
| Jun 2025 | 0.51x |
| Mar 2025 | 0.53x |
| Dec 2024 | 0.52x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+15.9%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on equity DAL
| FY Dec 2025 | +27.7% |
| FY Dec 2024 | +26.2% |
| FY Dec 2023 | +52.1% |
| FY Dec 2022 | +25.2% |
| FY Dec 2021 | +10.3% |
| Sep 2026 | +15.9% |
| Jun 2026 | +20.1% |
| Mar 2026 | +25.0% |
| Dec 2025 | +27.7% |
| Sep 2025 | +28.5% |
| Jun 2025 | +30.1% |
| Mar 2025 | +27.5% |
| Dec 2024 | +26.2% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+4.0%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on assets DAL
| FY Dec 2025 | +6.4% |
| FY Dec 2024 | +4.6% |
| FY Dec 2023 | +6.3% |
| FY Dec 2022 | +1.8% |
| FY Dec 2021 | +0.4% |
| Sep 2026 | +4.0% |
| Jun 2026 | +4.8% |
| Mar 2026 | +5.5% |
| Dec 2025 | +6.4% |
| Sep 2025 | +6.0% |
| Jun 2025 | +5.8% |
| Mar 2025 | +4.8% |
| Dec 2024 | +4.6% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+13.7%
operating income after a 24.9% effective tax rate, over long-term 2026-09-30 plus current 2026-09-30 plus average of 2025-09-30 and 2026-09-30 minus cash
Return on invested capital DAL
| FY Dec 2025 | +17.0% |
| FY Dec 2024 | +17.4% |
| FY Dec 2023 | +18.6% |
| FY Dec 2022 | +12.0% |
| FY Dec 2021 | n/a |
| Sep 2026 | +13.7% |
| Jun 2026 | +15.0% |
| Mar 2026 | +17.0% |
| Dec 2025 | +17.0% |
| Sep 2025 | +18.0% |
| Jun 2025 | +17.9% |
| Mar 2025 | +18.2% |
| Dec 2024 | +17.4% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+10.2%
operating income (EBIT proxy) over average of 2025-09-30 and 2026-09-30 minus current liabilities
Return on capital employed DAL
| FY Dec 2025 | +11.4% |
| FY Dec 2024 | +12.5% |
| FY Dec 2023 | +11.8% |
| FY Dec 2022 | +7.5% |
| FY Dec 2021 | +3.5% |
| Sep 2026 | +10.2% |
| Jun 2026 | +10.8% |
| Mar 2026 | +11.6% |
| Dec 2025 | +11.4% |
| Sep 2025 | +12.3% |
| Jun 2025 | +12.0% |
| Mar 2025 | +12.6% |
| Dec 2024 | +12.5% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
15.33x
close 2026-10-23 over four quarters of diluted EPS, 2025-10-01 to 2026-09-30
P/E, trailing DAL
| FY Dec 2025 | 9.05x |
| FY Dec 2024 | 11.35x |
| FY Dec 2023 | 5.62x |
| FY Dec 2022 | 16.03x |
| FY Dec 2021 | 90.88x |
| Sep 2026 | 16.66x |
| Jun 2026 | 15.53x |
| Mar 2026 | 9.69x |
| Dec 2025 | 9.05x |
| Sep 2025 | 7.99x |
| Jun 2025 | 7.13x |
| Mar 2025 | 7.73x |
| Dec 2024 | 11.35x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$58.8B
market value at close 2026-10-23 on 2026-09-30 shares, plus long-term 2026-09-30 plus current 2026-09-30, minus cash 2026-09-30
Enterprise value DAL
| FY Dec 2025 | $54.3B |
| FY Dec 2024 | $51.3B |
| FY Dec 2023 | $41.8B |
| FY Dec 2022 | $39.2B |
| FY Dec 2021 | $42.2B |
| Sep 2026 | $63.2B |
| Jun 2026 | $69.8B |
| Mar 2026 | $51.9B |
| Dec 2025 | $54.3B |
| Sep 2025 | $47.4B |
| Jun 2025 | $43.2B |
| Mar 2025 | $39.8B |
| Dec 2024 | $51.3B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+12.8%
TTM free cash flow over market value at close 2026-10-23
FCF yield DAL
| FY Dec 2025 | +8.5% |
| FY Dec 2024 | +7.4% |
| FY Dec 2023 | +4.4% |
| FY Dec 2022 | -0.0% |
| FY Dec 2021 | +0.1% |
| Sep 2026 | +11.8% |
| Jun 2026 | +9.2% |
| Mar 2026 | +9.0% |
| Dec 2025 | +8.5% |
| Sep 2025 | +8.3% |
| Jun 2025 | +7.3% |
| Mar 2025 | +9.9% |
| Dec 2024 | +7.4% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -29%, PEG needs growth
PEG, trailing DAL
| FY Dec 2025 | 0.21x |
| FY Dec 2024 | n/a |
| FY Dec 2023 | 0.02x |
| FY Dec 2022 | 0.04x |
| FY Dec 2021 | n/a |
| Sep 2026 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | 0.45x |
| Dec 2025 | 0.21x |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $63.4B | $61.6B | $58.0B | $50.6B |
| Operating income | $5.8B | $6.0B | $5.5B | $3.7B |
| Net income | $5.0B | $3.5B | $4.6B | $1.3B |
| EPS (diluted) | 7.66 | 5.33 | 7.17 | 2.06 |
| Operating cash flow | $8.3B | $8.0B | $6.5B | $6.4B |
| Cash | $4.3B | $3.1B | $2.7B | $3.3B |
| Long-term debt | $11.9B | $13.5B | $16.0B | $19.3B |
| Buybacks | n/a | n/a | n/a | $0 |
| Dividends paid | $440.0M | $321.0M | $128.0M | $0 |
SEC XBRL, fiscal years, as known on 2026-10-27
DAL Stock Sonar score 6/7 axes
Find similar shapesCompareDAL ranks highest on institutional and government (78th percentile) and financial health (66th), and lowest on insider conviction (2nd), among Transport peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
DAL filings, in plain words
Are Delta AIR Lines insiders buying or selling DAL?
In the 180 days to 2026-10-27, Delta AIR Lines insiders were net sellers, a net $38.5M across purchases and sales reported on Form 4, by 7 sellers.
Have members of Congress traded DAL?
Yes. In the year to 2026-10-27, 1 House member disclosed buying DAL and 1 House member disclosed selling it; the latest on record is a sale by Lisa McClain dated 2025-10-31.
Are there planned insider sales of DAL?
Yes. 6 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $33.1M of stock; the latest, by HUERTA MICHAEL P, was filed 2026-08-05.
Read the full summary
In the 180 days to 2026-10-27, Delta AIR Lines insiders were net sellers of DAL, a net $38.5M across purchases and sales reported on Form 4 by 7 sellers. None of the 12 insider sales was flagged as made under a Rule 10b5-1 plan. In the year to 2026-10-27, 1 member of Congress disclosed buying DAL and 1 member disclosed selling it; the latest on record is a sale by Lisa McClain dated 2025-10-31. Insiders filed 6 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $33.1M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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