Delta Air Lines Inc (DAL)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,457,000 | 4,651,000 | 4,487,000 | 5,009,000 | 4,609,000 | 3,401,000 | 2,988,000 | 1,896,000 | 1,319,000 | 82,000 | 599,000 | 516,000 | 279,000 | -68,000 | -6,659,000 | -13,028,000 | -12,385,000 | -10,531,000 | -3,657,000 | 3,503,000 |
| Total stockholders’ equity | US$ in thousands | 15,293,000 | 13,646,000 | 12,386,000 | 11,151,000 | 11,105,000 | 9,226,000 | 8,100,000 | 6,260,000 | 6,582,000 | 4,590,000 | 3,811,000 | 2,991,000 | 3,887,000 | 2,606,000 | 1,281,000 | 482,000 | 1,534,000 | 3,357,000 | 8,690,000 | 14,309,000 |
| ROE | 22.61% | 34.08% | 36.23% | 44.92% | 41.50% | 36.86% | 36.89% | 30.29% | 20.04% | 1.79% | 15.72% | 17.25% | 7.18% | -2.61% | -519.83% | -2,702.90% | -807.37% | -313.70% | -42.08% | 24.48% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,457,000K ÷ $15,293,000K
= 22.61%
Delta Air Lines Inc's return on equity (ROE) has displayed significant fluctuations over the past few years. The ROE was positive in the first quarter of 2020 at 24.48%, indicating strong profitability relative to shareholders' equity. However, the ROE turned negative in the subsequent quarters, reaching its lowest point of -2,702.90% by March 31, 2021, suggesting substantial losses impacting shareholders' equity.
Throughout 2021 and the first half of 2022, Delta's ROE remained negative, albeit displaying some improvement towards the end of 2022. By December 31, 2022, the ROE had turned positive again at 20.04%, signaling a recovery in profitability and shareholder value.
From 2023 onwards, Delta Air Lines showed a consistent upward trend in ROE, reaching 41.50% by the end of December 31, 2023. This positive momentum continued into 2024, with ROE figures ranging from 22.61% to 44.92% throughout the year, indicating improved profitability and efficient utilization of equity by the company.
Overall, Delta Air Lines Inc's ROE reflects a volatile performance in recent years, characterized by periods of significant losses followed by a strong rebound in profitability. The company's ability to sustain and build upon the positive ROE trend observed in 2023 and 2024 will be crucial for enhancing shareholder value and financial stability in the future.
Peer comparison
Dec 31, 2024