Delta Air Lines, Inc.
Close on Nov 2, 2026Market cap $54.86BP/E 16.7Yield 0.81%
Delta Air Lines 12-Month Adjusted Debt to EBITDAR by Year
12-Month Adjusted Debt to EBITDAR (x, Legacy Through Q1 2026) (×)
Delta Air Lines 12-Month Adjusted Debt to EBITDAR: 2.40× in FY2025, down 7.7% from a year earlier.
Where the FY2025 figure comes from
Source: Delta Earnings Webcast Non-GAAP Reconciliations (2026_03-17-2026) ↗
Starting in Q2 2026, Delta ceased publishing a separate Adjusted Debt to EBITDAR table and transitioned to managing by Adjusted Gross Debt / Gross Leverage.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | 12-Month Adjusted Debt to EBITDAR (x, Legacy Through Q1 2026) (×) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2.40 | -7.7% | Delta Earnings Webcast Non-GAAP Reconciliations (2026_03-17-2026) ↗ |
| FY2024 | Dec 31, 2024 | 2.60 | -13.3% | Delta Earnings Webcast Non-GAAP Reconciliations (2025_01-10-2025) ↗ |
| FY2023 | Dec 31, 2023 | 3.00 | -40.0% | Delta Earnings Webcast Non-GAAP Reconciliations (2024_01-12-2024) ↗ |
| FY2022 | Dec 31, 2022 | 5.00 | – | Delta Earnings Webcast Non-GAAP Reconciliations (2026_03-17-2026) ↗ |
| FY2019 | Dec 31, 2019 | 2.20 | – | Delta Earnings Webcast Non-GAAP Reconciliations (2026_03-17-2026) ↗ |
Cite this data
StockData. (2026). Delta Air Lines 12-Month Adjusted Debt to EBITDAR (×), annual FY2019–FY2025 [Data set]. Compiled from Delta Air Lines SEC filings and investor materials. https://stockdatahq.com/stocks/dal/kpis/adj-debt-ebitdar-x
See every metric in the Delta Air Lines KPI table. Data updated Nov 1, 2026.