Delta Air Lines Inc (DAL)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	3,457,000	4,609,000	1,318,000	280,000	-12,385,000
Total stockholders’ equity	US$ in thousands	15,293,000	11,105,000	6,582,000	3,887,000	1,534,000
ROE		22.61%	41.50%	20.02%	7.20%	-807.37%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $3,457,000K ÷ $15,293,000K
= 22.61%

Delta Air Lines Inc's Return on Equity (ROE) experienced significant fluctuations over the years. At the end of 2020, the ROE was negative at -807.37%, indicating that the company's net income was insufficient to cover shareholder equity during that period. Subsequently, by the end of 2021, the ROE improved to 7.20%, reflecting a recovery in profitability and efficiency in generating returns for shareholders.

In 2022, Delta Air Lines Inc's ROE further increased to 20.02%, demonstrating enhanced profitability and better utilization of equity to generate returns. The following year, by the end of 2023, the ROE surged to 41.50%, indicating a significant improvement in the company's operational efficiency and profitability.

However, in 2024, the ROE decreased to 22.61%, showing a slight decline in the company's ability to generate profits from shareholders' equity compared to the previous year. Overall, while there were fluctuations in Delta Air Lines Inc's ROE over the years, the trend generally showed a positive trajectory with notable improvements in profitability and efficiency in utilizing shareholders' equity for generating returns.