DALDELTA AIR LINES, INC.
Air Transportation, Scheduled
- Revenue
- $63.4B
- 2.8% YoY
- Operating margin
- 9.2%
- 5.5% YoY
- EBITDA
- $8.3B
- 2.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.7×
- $22.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear167% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear5% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear11% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $29.9B | $50.6B | $58.0B | $61.6B | $63.4B | 2.8% |
| Operating income | $1.9B | $3.7B | $5.5B | $6.0B | $5.8B | 2.9% |
| Net income | $280M | $1.3B | $4.6B | $3.5B | $5.0B | 45% |
| Operating cash flow | $3.3B | $6.4B | $6.5B | $8.0B | $8.3B | 4.0% |
| Capex | $3.2B | $6.4B | $5.3B | $5.1B | $4.5B | 12% |
| Stock-based comp | $149M | $150M | $180M | $236M | $313M | 33% |
| Buybacks | $0 | $0 | — | — | — | |
| Dividends | $0 | $0 | $128M | $321M | $440M | 37% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 1
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $19M | $106M | 177 | 88 |
| FY2024 | $27M | $56M | 152 | 83 |
| FY2023 | $34M | $40M | 101 | 83 |
| FY2022 | $10M | $8M | 82 | 64 |
| FY2021 | $12M | $12M | 97 | 98 |