Delta Air Lines, Inc. (DAL) shareholders
DALNYSEAir Transportation, ScheduledFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 9, 2026Score 9/3024% above fair value
$86.55−4.77 (-5.22%)
Close on Nov 12, 2026Market cap $56.94BP/E 17.3Yield 0.78%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
88.3%
581M of 658M shares
Institutional holders
1,513
305 new, 111 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 36 sales
Net sold $132.70M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Warren E. Buffett Joint filing with Berkshire Hathaway Inc. (8.70%), National Indemnity Company (8.70%) | 57,320,000 | 8.70% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Capital Management | 47,253,241 | 7.23% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 43,050,757 | 6.70% | 13G (passive) amendment | Dec 31, 2023 |
| National Indemnity Company Joint filing with Warren E. Buffett (6.10%), Berkshire Hathaway Inc. (6.10%) | 39,809,456 | 6.10% | 13G (passive) | Mar 31, 2026 |
| Abigail P. Johnson Joint filing with FMR LLC (5.10%) | 33,187,320 | 5.10% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DAL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc | 57,320,000 | 8.71% | $5.37B | +17,510,544 | 1.79% |
| BlackRock, Inc. | 45,106,139 | 6.86% | $4.22B | +981,365 | 0.06% |
| Vanguard Capital Management LLC | 41,307,000 | 6.28% | $3.87B | −637,003 | 0.08% |
| FMR LLC | 33,187,319 | 5.04% | $3.11B | +5,683,286 | 0.13% |
| Sanders Capital, LLC | 29,129,629 | 4.43% | $2.73B | −337,526 | 2.73% |
| Vanguard Portfolio Management LLC | 26,329,259 | 4.00% | $2.47B | −1,053,825 | 0.11% |
| State Street Corp | 24,129,558 | 3.67% | $2.26B | +669,444 | 0.07% |
| Capital International Investors | 20,689,945 | 3.14% | $1.94B | +119,654 | 0.40% |
| Geode Capital Management, LLC | 18,511,900 | 2.81% | $1.75B | +541,325 | 0.09% |
| Primecap Management Co/Ca/ | 17,521,167 | 2.66% | $1.64B | −27,400 | 0.97% |
| Harris Associates L P | 17,329,926 | 2.63% | $1.62B | −673,028 | 2.15% |
| Bank of New York Mellon Corp | 12,627,009 | 1.92% | $1.18B | +356,768 | 0.19% |
| Morgan Stanley | 11,722,155 | 1.78% | $1.10B | −1,682,624 | 0.06% |
| Dimensional Fund Advisors LP | 9,604,863 | 1.46% | $899.59M | −434,251 | 0.16% |
| Aqr Capital Management LLC | 7,859,947 | 1.19% | $731.68M | −579,195 | 0.26% |
| JPMorgan Chase & Co | 6,729,036 | 1.02% | $626.94M | −635,867 | 0.03% |
| Goldman Sachs Group Inc | 6,344,026 | 0.96% | $594.18M | +1,223,185 | 0.05% |
| Newport Trust Company, LLC | 6,216,343 | 0.94% | $582.22M | −1,650,077 | 1.40% |
| Northern Trust Corp | 5,022,282 | 0.76% | $470.39M | +46,094 | 0.05% |
| Invesco Ltd. | 5,003,694 | 0.76% | $468.65M | −1,145,868 | 0.04% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,513 | 581M | 88.3% | 305 / 517 | 486 / 111 | 47M | 45M |
| Q1 2026 | 1,339 | 581M | 88.3% | 175 / 569 | 385 / 144 | 150M | 51M |
| Q4 2025 | 1,329 | 559M | 84.9% | 238 / 496 | 389 / 104 | 68M | 52M |
| Q3 2025 | 1,225 | 544M | 82.7% | 169 / 466 | 386 / 110 | 54M | 39M |
| Q2 2025 | 1,183 | 529M | 80.4% | 189 / 444 | 387 / 118 | 47M | 51M |
| Q1 2025 | 1,127 | 534M | 81.2% | 132 / 449 | 369 / 198 | 80M | 71M |
| Q4 2024 | 1,215 | 529M | 80.5% | 242 / 384 | 402 / 93 | 62M | 47M |
| Q3 2024 | 1,083 | 516M | 78.5% | 122 / 391 | 404 / 124 | 83M | 26M |
| Q2 2024 | 1,094 | 502M | 76.3% | 131 / 394 | 381 / 101 | 47M | 55M |
| Q1 2024 | 1,076 | 511M | 77.7% | 138 / 363 | 390 / 114 | 81M | 32M |
| Q4 2023 | 1,068 | 462M | 70.3% | 161 / 343 | 414 / 106 | 59M | 49M |
| Q3 2023 | 1,027 | 452M | 68.7% | 96 / 367 | 368 / 134 | 42M | 50M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
839 funds held DAL in Q2 2026, 43% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of DAL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 19,810,058 | 3.01% | $1.86B | 0.08% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 16,933,384 | 2.57% | $1.59B | 0.09% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 13,524,015 | 2.06% | $1.27B | 0.57% | Jun 30, 2026 |
| Washington Mutual Investors Fund | 12,888,792 | 1.96% | $1.13B | 0.52% | Jul 31, 2026 |
| Vanguard Primecap Fund | 9,431,070 | 1.43% | $883.31M | 0.92% | Jun 30, 2026 |
| Vanguard Windsor Ii Fund | 9,295,842 | 1.41% | $812.83M | 1.22% | Jul 31, 2026 |
| iShares Core S&P 500 ETF | 8,988,532 | 1.37% | $841.87M | 0.09% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 8,312,639 | 1.26% | $685.63M | 0.08% | May 31, 2026 |
| Oakmark Fund | 8,020,100 | 1.22% | $751.16M | 3.13% | Jun 30, 2026 |
| Vanguard Value Index Fund | 5,936,645 | 0.90% | $556.03M | 0.22% | Jun 30, 2026 |
| Growth Fund of America | 5,057,298 | 0.77% | $417.13M | 0.12% | May 31, 2026 |
| Fidelity Blue Chip Growth Fund | 4,632,642 | 0.70% | $405.08M | 0.41% | Jul 31, 2026 |
| Vanguard Mid-Cap Value Index Fund | 4,008,785 | 0.61% | $375.46M | 1.01% | Jun 30, 2026 |
| State Street(R) Industrial Select Sector SPDR(R) ETF | 3,851,338 | 0.59% | $360.72M | 1.06% | Jun 30, 2026 |
| Vanguard Institutional Index Fund | 3,547,763 | 0.54% | $332.28M | 0.09% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Edward H. Bastian | Chief Executive Officer, Director | 1,313,448 | 0.20% | Oct 30, 2026 |
| Alain Bellemare | EVP & Pres. - International | 80,025 | 0.01% | Nov 9, 2026 |
| Peter W. Carter | President | 379,754 | 0.06% | Nov 6, 2026 |
| Steven M. Sear | EVP - Global Sales & Distrib | 104,404 | 0.02% | Aug 6, 2026 |
| Allison C. Ausband | EVP & Chief People Officer | 128,854 | 0.02% | May 28, 2026 |
| Julia Ann McConnell | SVP, Controller & CAO | 18,728 | 0.00% | Apr 24, 2026 |
| John E. Laughter | EVP & Chief of Operations | 54,369 | 0.01% | Apr 15, 2026 |
| Erik Storey Snell | EVP & Chief Financial Officer | 48,898 | 0.01% | Apr 3, 2026 |
| Daniel C. Janki | EVP & Chief Operating Officer | 381,937 | 0.06% | Apr 3, 2026 |
| Amala Duggirala | Chief Digital & Tech Officer | 30,750 | 0.00% | Feb 13, 2026 |
| Glen W. Hauenstein | President | 280,304 | 0.04% | Feb 10, 2026 |
| Rahul D. Samant | EVP & Chief Info Officer | 20,939 | 0.00% | Feb 6, 2026 |
| Joseph James Esposito | EVP & Chief Commercial Officer | 32,272 | 0.00% | Feb 6, 2026 |
| William C. Carroll | SVP, Fin & Controller | 7,182 | 0.00% | Feb 3, 2026 |
| Joanne D. Smith | EVP & Chief People Officer | 85,123 | 0.01% | Nov 22, 2024 |
| Michael P. Huerta | Director | 32,525 | 0.00% | Aug 6, 2026 |
| David G. Dewalt | Director | 22,358 | 0.00% | Aug 5, 2026 |
| Leslie D. Hale | Director | 21,530 | 0.00% | Jun 22, 2026 |
| Judith J. McKenna | Director | 6,630 | 0.00% | Jun 22, 2026 |
| Sergio Rial | Director | 34,797 | 0.01% | Jun 22, 2026 |
| Kathy N. Waller | Director | 48,500 | 0.01% | Jun 22, 2026 |
| Vasant M. Prabhu | Director | 15,100 | 0.00% | Jun 22, 2026 |
| Willie CW Chiang | Director | 30,660 | 0.00% | Jun 22, 2026 |
| Greg Creed | Director | 37,530 | 0.01% | Jun 22, 2026 |
| Maria Black | Director | 10,675 | 0.00% | Jun 22, 2026 |
| David S. Taylor | Director | 226,010 | 0.03% | Jun 22, 2026 |
| Christophe Beck | Director | 6,620 | 0.00% | Jun 22, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Alain Bellemare EVP & Pres. - International | Nov 6, 2026 | Sale | −13,000 | $86.06 | $1.12M | 80,025 |
| Alain Bellemare EVP & Pres. - International | Nov 6, 2026 | Option exercise | +13,000 | $39.78 | $517.14K | 93,025 |
| Alain Bellemare EVP & Pres. - International | Nov 6, 2026 | Sale | −15,000 | $85.82 | $1.29M | 80,025 |
| Peter W. Carter President | Nov 4, 2026 | Sale | −44,950 | $89.29 | $4.01M | 379,754 |
| Edward H. Bastian Chief Executive Officer, Director | Oct 29, 2026 | Sale | −50,000 | $82.00 | $4.10M | 1,313,448 |
| Steven M. Sear EVP - Global Sales & Distrib | Aug 5, 2026 | Sale | −40,460 | $93.55 | $3.79M | 104,404 |
| Steven M. Sear EVP - Global Sales & Distrib | Aug 5, 2026 | Option exercise | +40,460 | $51.23 | $2.07M | 144,864 |
| Michael P. Huerta Director | Aug 5, 2026 | Sale | −3,100 | $94.12 | $291.77K | 32,525 |
| Peter W. Carter President | Aug 4, 2026 | Sale | −39,900 | $92.98 | $3.71M | 424,704 |
| Peter W. Carter President | Aug 4, 2026 | Option exercise | +39,900 | $49.33 | $1.97M | 464,604 |
| Alain Bellemare EVP & Pres. - International | Aug 4, 2026 | Option exercise | +35,000 | $39.78 | $1.39M | 130,025 |
| Alain Bellemare EVP & Pres. - International | Aug 4, 2026 | Sale | −35,000 | $92.72 | $3.25M | 95,025 |
| Edward H. Bastian Chief Executive Officer, Director | Aug 4, 2026 | Sale | −206,510 | $92.80 | $19.16M | 1,363,448 |
| Edward H. Bastian Chief Executive Officer, Director | Aug 4, 2026 | Option exercise | +206,510 | $49.33 | $10.19M | 1,569,958 |
| David G. Dewalt Director | Aug 3, 2026 | Sale | −31,756 | $90.85 | $2.89M | 22,358 |
| Sergio Rial Director | Jun 18, 2026 | Tax withholding | −1,272 | $84.18 | $107.08K | 34,797 |
| Sergio Rial Director | Jun 18, 2026 | Award | +2,380 | – | – | 37,177 |
| Vasant M. Prabhu Director | Jun 18, 2026 | Award | +2,380 | – | – | 15,100 |
| Greg Creed Director | Jun 18, 2026 | Award | +2,380 | – | – | 6,620 |
| David G. Dewalt Director | Jun 18, 2026 | Award | +2,380 | – | – | 85,870 |
| Willie CW Chiang Director | Jun 18, 2026 | Award | +2,380 | – | – | 10,660 |
| Maria Black Director | Jun 18, 2026 | Award | +2,380 | – | – | 10,675 |
| Christophe Beck Director | Jun 18, 2026 | Award | +2,380 | – | – | 6,620 |
| Michael P. Huerta Director | Jun 18, 2026 | Award | +2,380 | – | – | 35,625 |
| Judith J. McKenna Director | Jun 18, 2026 | Award | +2,380 | – | – | 6,630 |
| Kathy N. Waller Director | Jun 18, 2026 | Award | +2,380 | – | – | 48,500 |
| David S. Taylor Director | Jun 18, 2026 | Award | +3,810 | – | – | 126,530 |
| Leslie D. Hale Director | Jun 18, 2026 | Award | +2,380 | – | – | 21,530 |
| Allison C. Ausband EVP & Chief People Officer | May 27, 2026 | Sale | −5,000 | $80.90 | $404.50K | 128,854 |
| Alain Bellemare EVP & Pres. - International | May 27, 2026 | Sale | −25,000 | $81.44 | $2.04M | 95,025 |
| Allison C. Ausband EVP & Chief People Officer | May 26, 2026 | Sale | −5,000 | $79.00 | $395.00K | 133,854 |
| Allison C. Ausband EVP & Chief People Officer | May 22, 2026 | Option exercise | +9,710 | $51.23 | $497.44K | 148,564 |
| Allison C. Ausband EVP & Chief People Officer | May 22, 2026 | Sale | −9,710 | $76.00 | $737.96K | 138,854 |
| Allison C. Ausband EVP & Chief People Officer | May 21, 2026 | Sale | −5,000 | $73.50 | $367.50K | 138,854 |
| Alain Bellemare EVP & Pres. - International | May 7, 2026 | Sale | −20,621 | $72.75 | $1.50M | 120,025 |
| Julia Ann McConnell SVP, Controller & CAO | Apr 22, 2026 | Award | +740 | – | – | 18,728 |
| John E. Laughter EVP & Chief of Operations | Apr 14, 2026 | Sale | −15,000 | $71.61 | $1.07M | 54,369 |
| John E. Laughter EVP & Chief of Operations | Apr 10, 2026 | Sale | −69,304 | $68.15 | $4.72M | 69,369 |
| John E. Laughter EVP & Chief of Operations | Apr 10, 2026 | Option exercise | +9,080 | $39.78 | $361.20K | 138,673 |
| John E. Laughter EVP & Chief of Operations | Apr 10, 2026 | Option exercise | +13,460 | $58.89 | $792.66K | 129,593 |
| Erik Storey Snell EVP & Chief Financial Officer | Apr 1, 2026 | Award | +7,400 | – | – | 48,898 |
| Peter W. Carter President | Apr 1, 2026 | Award | +2,960 | – | – | 424,704 |
| Daniel C. Janki EVP & Chief Operating Officer | Apr 1, 2026 | Award | +5,550 | – | – | 381,937 |
| Alain Bellemare EVP & Pres. - International | Apr 1, 2026 | Award | +2,470 | – | – | 140,646 |
| Edward H. Bastian Chief Executive Officer, Director | Feb 26, 2026 | Sale | −100,000 | $70.26 | $7.03M | 1,363,448 |
| Steven M. Sear EVP - Global Sales & Distrib | Feb 9, 2026 | Sale | −38,600 | $75.05 | $2.90M | 104,404 |
| Alain Bellemare EVP & Pres. - International | Feb 9, 2026 | Sale | −35,212 | $75.20 | $2.65M | 138,176 |
| Glen W. Hauenstein President | Feb 9, 2026 | Sale | −137,159 | $75.27 | $10.32M | 280,304 |
| Peter W. Carter Chief External Affairs Officer | Feb 6, 2026 | Sale | −27,000 | $74.82 | $2.02M | 421,744 |
| Glen W. Hauenstein President | Feb 6, 2026 | Sale | −123,910 | $74.77 | $9.26M | 417,463 |
| Glen W. Hauenstein President | Feb 6, 2026 | Option exercise | +123,910 | $49.33 | $6.11M | 541,373 |
| Glen W. Hauenstein President | Feb 6, 2026 | Sale | −165,864 | $71.00 | $11.78M | 417,463 |
| Glen W. Hauenstein President | Feb 5, 2026 | Sale | −13,576 | $71.00 | $963.90K | 583,327 |
| Rahul D. Samant EVP & Chief Info Officer | Feb 5, 2026 | Sale | −62,528 | $70.18 | $4.39M | 20,939 |
| John E. Laughter EVP & Chief of Operations | Feb 4, 2026 | Tax withholding | −31,000 | $70.86 | $2.20M | 116,133 |
| John E. Laughter EVP & Chief of Operations | Feb 4, 2026 | Award | +69,600 | – | – | 147,133 |
| Joseph James Esposito EVP & Chief Commercial Officer | Feb 4, 2026 | Award | +14,120 | – | – | 32,272 |
| Steven M. Sear EVP - Global Sales & Distrib | Feb 4, 2026 | Tax withholding | −31,000 | $70.86 | $2.20M | 143,004 |
| Steven M. Sear EVP - Global Sales & Distrib | Feb 4, 2026 | Award | +69,600 | – | – | 174,004 |
| Steven M. Sear EVP - Global Sales & Distrib | Feb 4, 2026 | Award | +11,770 | – | – | 104,404 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
2.44%
16M shares short
Days to cover
2.5
At 6M shares a day
Change since last report
-24.3%
From 21M shares
Short volume, 20 days
51.6%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Delta Air Lines's stock actually held short. Settlement fails (shares not delivered on time) peaked at 37,233 shares on Oct 13, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Alain Bellemare Officer | Nov 6, 2026 | 28,000 | $2.41M | Nov 6, 2026 | Restricted Stock Vesting |
| Peter W. Carter Officer | Nov 4, 2026 | 44,950 | $4.01M | Nov 4, 2026 | Stock Compensation Plan Grant |
| Edward H. Bastian Officer, Director | Oct 29, 2026 | 50,000 | $4.10M | Oct 29, 2026 | Restricted Stock Vesting |
| Steven M. Sear Officer | Aug 5, 2026 | 40,460 | $3.79M | Aug 5, 2026 | Stock Option Exercise |
| Michael P. Huerta Director | Aug 5, 2026 | 3,100 | $291.76K | Aug 5, 2026 | Restricted Stock Vesting |
| Alain Bellemare Officer | Aug 4, 2026 | 35,000 | $3.25M | Aug 4, 2026 | Stock Option Exercise |
| Peter W. Carter Officer | Aug 4, 2026 | 39,900 | $3.71M | Aug 4, 2026 | Stock Option Exercise |
| Edward H. Bastian Officer, Director | Aug 4, 2026 | 206,510 | $19.16M | Aug 4, 2026 | Stock Option Exercise |
| David G. Dewalt Director | Aug 3, 2026 | 31,756 | $2.88M | Aug 3, 2026 | Restricted Stock Vesting |
| John E. Laughter Former Officer | Jun 25, 2026 | 6,463 | $603.06K | Jun 25, 2026 | Restricted Stock Vesting |
| John E. Laughter Former Officer | May 28, 2026 | 12,000 | $990.78K | May 28, 2026 | Restricted Stock Vesting |
| Allison C. Ausband Officer | May 27, 2026 | 5,000 | $404.50K | May 27, 2026 | Restricted Stock Vesting |
| Alain Bellemare Officer | May 27, 2026 | 25,000 | $2.04M | May 27, 2026 | Restricted Stock Vesting |
| Allison C. Ausband Officer | May 26, 2026 | 5,000 | $395.03K | May 26, 2026 | Restricted Stock Vesting |
| Allison C. Ausband Officer | May 22, 2026 | 9,710 | $737.96K | May 22, 2026 | Option Granted - 02/08/2018 |
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