AAL vs DAL
American Airlines Group Inc. and Delta AIR Lines, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AAL | DAL |
|---|---|---|
| Revenue | $54.6B | $63.4B |
| Net income | $111.0M | $5.0B |
| Gross margin | · | · |
| Net margin | 0.2% | 7.9% |
| Return on equity | · | 27.7% |
| Diluted EPS | $0.17 | $7.66 |
| Dividend / share | · | $0.68 |
| Payout ratio | · | 8.8% |
| Free cash flow | $-680.0M | $3.8B |
| Equity | $-3.7B | $20.9B |
| Net debt / equity | · | 0.43× |
| Current ratio | 0.50× | 0.40× |
| Revenue CAGR 5y | 25.8% | 30.0% |
| Profit CAGR 5y | · | · |
DAL bills 1.2× the revenue of AAL, and keeps more of each dollar of revenue as profit (7.9% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AAL | DAL |
|---|---|---|
| FY2025 | $54.6B | $63.4B |
| FY2024 | $54.2B | $61.6B |
| FY2023 | $52.8B | $58.0B |
| FY2022 | $49.0B | $50.6B |
| FY2021 | $29.9B | $29.9B |
| FY2020 | $17.3B | $17.1B |
| FY2019 | $45.8B | $47.0B |
| FY2018 | $44.5B | $44.4B |
| FY2017 | $42.6B | $41.1B |
| FY2016 | $40.1B | $39.5B |
Bottom line
| Fiscal year | AAL | DAL |
|---|---|---|
| FY2025 | $111.0M | $5.0B |
| FY2024 | $846.0M | $3.5B |
| FY2023 | $822.0M | $4.6B |
| FY2022 | $127.0M | $1.3B |
| FY2021 | $-2.0B | $280.0M |
| FY2020 | $-8.9B | $-12.4B |
| FY2019 | $1.7B | $4.8B |
| FY2018 | $1.4B | $3.9B |
| FY2017 | $1.3B | $3.2B |
| FY2016 | $2.6B | $4.2B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$8,731,000,000 | DAL |
| FY2024 | −$7,432,000,000 | DAL |
| FY2023 | −$5,260,000,000 | DAL |
| FY2022 | −$1,611,000,000 | DAL |
| FY2021 | −$17,000,000 | DAL |
| FY2020 | +$242,000,000 | AAL |
| FY2019 | −$1,239,000,000 | DAL |
| FY2018 | +$103,000,000 | AAL |
| FY2017 | +$1,484,000,000 | AAL |
| FY2016 | +$692,000,000 | AAL |
| FY2015 | +$286,000,000 | AAL |
| FY2014 | +$2,288,000,000 | AAL |
| FY2013 | −$11,030,000,000 | DAL |
| FY2012 | −$11,815,000,000 | DAL |
| FY2011 | −$11,136,000,000 | DAL |
| FY2010 | −$9,585,000,000 | DAL |
| FY2009 | −$8,146,000,000 | DAL |
| FY2008 | +$1,069,000,000 | AAL |
The higher-revenue side has changed between AAL and DAL over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.7 pp | DAL |
| FY2024 | −4.0 pp | DAL |
| FY2023 | −6.4 pp | DAL |
| FY2022 | −2.3 pp | DAL |
| FY2021 | −7.6 pp | DAL |
| FY2020 | +21.2 pp | AAL |
| FY2019 | −6.5 pp | DAL |
| FY2018 | −5.7 pp | DAL |
| FY2017 | −4.8 pp | DAL |
| FY2016 | −4.2 pp | DAL |
| FY2015 | +7.4 pp | AAL |
| FY2014 | +5.1 pp | AAL |
| FY2013 | −34.8 pp | DAL |
| FY2012 | −10.3 pp | DAL |
| FY2011 | −10.7 pp | DAL |
| FY2010 | −4.0 pp | DAL |
| FY2009 | −3.0 pp | DAL |
| FY2008 | +30.4 pp | AAL |
The higher net margin has changed hands between AAL and DAL over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DAL's net margin has been more volatile than AAL's over the 18 comparable fiscal years — 21.4 percentage points of standard deviation against 13.5.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AAL and DAL over these 18 fiscal years — AAL led in 4 and DAL in 14.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.