The companies on the Global 500 employ 70.2 million people, and their revenue represents more than one-third of the world’s GDP.

Fortune Global 500

With a combined revenue of $21 trillion and $2.1 trillion in profits, the 2026 Fortune 500 is the definitive list of America's largest companies.

Fortune 500

The 300 companies on this year’s list brought in over $12.5 trillion in revenue for the latest 12 months, with the median revenue figure at $24 billion.

America's Most Innovative Companies

AI is a major force shaping this year’s list—but it’s far from the only story.

World's Most Admired Companies

This year's 100 Best Companies to Work For are rebuilding the social contract at work so people feel supported, trusted, and future-ready as they undergo that transition.

100 Best Places to Work 2026_Delta Air Lines

Delta Air Lines handed out $1.3 billion in bonuses this year to its more than 100,000 workers worldwide after posting strong earnings, bringing total employee profit-sharing to $11 billion since 2015. Staffers also get unlimited standby travel privileges to any destination Delta serves, along with discounts on tickets and vacation packages. Employees say: "I truly appreciate how Delta listens to employee feedback and continues to innovate in ways that drive meaningful improvement. What I love most is that we are recognized not just as employees, but as family. The sense of community here is incredibly strong, and the diversity within our teams is something I find truly beautiful. Delta has been a part of my life since birth, thanks to my father also being a member of this incredible team since 2005. For us, Delta is more than a company - it's generational, and it's home." &nbsp;

Fortune 100 Best Companies to Work For

This is the 40th year for our annual Fastest-Growing Companies list, which ranks companies based on growth in revenue, profits, and stock returns.

100 Fastest-Growing Companies

The companies on this annual list make a conscious effort to be supportive, inclusive workplaces.

Employees say:"I absolutely love working for this company and the family dynamic that it has. I love how inclusive the executives are and how they make us (the regular ground workers and hourly workers) feel important by including us in all of the big decisions Delta makes. For an example within the first year of joining Delta I was able to meet the CEO of the company, and I was able to ask him different questions directly about the future of Delta and listen to him speak. I've never been with a company that has made me feel so important and like my voice matters until I started working with Delta."

100 Best Large Workplaces for Women

This ranking evaluates how Fortune 500 companies are deploying AI, and how technology leaders value those investments relative to industry peers.

Fortune AIQ 50

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Almost $20 trillion in revenue—and a record-breaking $1.87 trillion in profits. Introducing the 2025 Fortune 500, the definitive list of the biggest companies in America.

The top companies on our list have one thing in common: Staff largely trust leadership to see them as well-rounded people and reward them for a job well done.

GPTW_100BestCompaniesToWorkFor_2025-Delta Air Lines_US1__20241210214006_4

Employees say: "Delta provides an amazing place to develop a career, not just a job. People care for each other here and push each other to be better every day. When an employee hits a personal or family challenge, the company steps up and does right by them. My family experienced a medical issue, and the support and care that Delta provided to help us deal with the medical issue went above and beyond what was required or normal."

The 300 companies on this year’s list brought in over $12.6 trillion in revenue for the latest 12 months, with the median revenue figure at $22 billion.

Leaders in all industries rely more than ever on Big Tech—and appreciate the giants that deliver, at scale, without drama.

Energy sector dominated this year for the first time since 2008, with 28 companies featured on the list.

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Industries included in the sector are airlines, transportation equipment, logistics, mail and freight delivery, railroads, shipping, and trucking.

Fortune Sector Leaders: Transportation

The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.

Creating a more empathetic workplace looks like staying loyal to workers, emphasizing D&I initiatives, and paying well.

100 Best Companies 2024-Delta Air Lines

Delta Air Lines employs over 100,000 people and services more than 4,000 daily flights to hundreds of destinations on six continents. With over 200 million annual customers, the airline company values its employees by raising pay, eliminating college-degree requirements, and instilling antiracism action plans. In April of last year, Delta increased the base pay for its operations employees by a flat 5%, and reported an average 5% increase for its salaried employees worldwide. It also offers a Shared Rewards program for its employees to earn 10% of corporate profits from their first dollar earned, through which employees earned a total of $61 million in 2022. Last February, Delta announced a profit-sharing payment of $1,250 to every eligible employee and later extended its payments through a 4% base pay raise in May, followed by another base pay increase of 5% in April. Delta also partners with Care.com to give workers last-minute care for children, adults, and pets with rates as low as $6 an hour.&nbsp;

The 200 companies on this list are transforming industries from the inside out.

The 26th edition of the list shows how much esteem Big Tech giants command among other business leaders.

WMA 2024-Delta

The 25th Fortune World’s Most Admired Companies list suggests that tech giants’ peers respect them as much as ever.

WMAC 2023-Delta Air Lines

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

The 300 companies on this list are transforming industries from the inside out.

The Fortune 500, in its 69th year in 2023, ranks the biggest U.S. companies by revenue.

F500-2023-085-Delta

The Atlanta-based carrier moved 28 spots up this year’s list, thanks to a robust travel rebound in the wake of the COVID-era slowdown. Its operating revenue for the year reached $50.6 billion, up 69% from 2021. 
<ul> 
 	<li>In May 2022, Delta said it would remove 100 flights a day from its summer schedule to stave off travel chaos as it rebuilt its operations. In the month to follow, however, CEO Ed Bastian apologized for delays and the disruption of hundreds of flights owing in part to understaffing.</li> 
 	<li>Delta reached a deal with its pilots’ union in March 2023 to boost pay by 34% over three years.</li> 
 	<li>Inflation threatened Delta’s profits in early 2023, but the company anticipates a 2% to 4% nonfuel unit cost decline through the year compared with 2022.</li> 
 	<li>Still, Delta faces a pilot shortage and the delayed delivery of new aircraft, which could reduce flight volume and raise airfares.</li> 
 	<li>The airline expects flight demand to grow in 2023, which will help offset higher expenses, like the surging cost of fuel and labor.</li> 
</ul>

Just as it dominates our economy, Big Tech now dominates Fortune’s annual ranking of corporate reputation.

WMAC-2022-18-Delta

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

This year’s Fortune 500 marks the 68th running of the list.

After a year in which humanity leaned more heavily than ever on tech giants, see which companies topped Fortune's ranking of corporate reputation.

WMAC 2021-23-Delta Airlines

This year’s Fortune 500 marks the 67th running of the list.

F500-2021-178-Delta Air Lines

The Atlanta-based airline was heavily challenged in 2020 as air travel was all but grounded during the pandemic. Its revenue fell 64% to $17.1 billion and it lost more than $12 billion. This year, the carrier has so far reported $4 million in daily cash generation in March, an improvement from the $11 million daily cash burn on average for the quarter ended in March 2021.

For an astounding 13th straight year, Apple claims the top spot in Fortune’s annual ranking of corporate reputation, based on a survey of almost 3,800 executives, directors, and analysts.

Our 2020 list of the 100 best companies as ranked by their employees. See which companies made the list.

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-252-Delta-Air-Lines

In retrospect, 2019 was a halcyon year for the travel industry. Fuel was cheap, travel demand was high, and as the only major U.S. airline without Boeing 737 MAX planes in its fleet, Delta sidestepped the fallout from their grounding. Annual revenue rose 5.8% to $47 billion, and net income jumped 21.1% to $4.8 billion, giving Delta its tenth straight year of profitability—if likely the last it will see for some time. After the pandemic closed down most airline travel and led Delta and its competitors to seek government aid, CEO Ed Bastian predicted that Delta will need at least three years to get back to a sustainable—but still sub-2019—level of travel. As Bastian told Fortune: “This is going to take a long time.”

This year's Fortune 500 marks the 66th running of the list.

F500-2020-068-Delta-Airlines

In retrospect, 2019 was a halcyon year for the travel industry and especially for Delta, which climbed past American to claim the title of the largest airline on the Fortune 500. Fuel was cheap, travel demand was high, and as the only major U.S. airline without Boeing 737 MAX planes in its fleet, Delta sidestepped the fallout from their grounding. Annual revenue rose 5.8% to $47 billion, and net income jumped 21.1% to $4.8 billion, giving Delta its tenth straight year of profitability—if likely the last it will see for some time. After the pandemic closed down most airline travel and led Delta and its competitors to seek government aid, CEO Ed Bastian predicted that Delta will need at least three years to get back to a sustainable—but still sub-2019—level of travel. As CEO Ed Bastian told Fortune: “This is going to take a long time.”

Here are the World's Most Admired Companies for 2019 as ranked in their industries. See who made the list.

Our 2019 list of the 100 best companies as ranked by their employees. See which companies made the list.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

At the Best Workplaces for Women, company leaders foster mentorship and career growth.

Delta Airlines-Best Large Workplaces for Women 2019

An employee says: 
 
"Our leadership has a great vision and encourages us to be our best. Our executives treat us all as equals and strive to make our company the best place to work. I am blessed to be able to work at Delta." 
 
Read the Great Place to Work review .

This year's Fortune 500 marks the 65th running of the list.

We surveyed tens of thousands of young employees to create this list of millennials’ favorite workplaces.

Delta-Best Workplaces Millennials 2019

Employees say: 
“The unique experience I have seen at Delta is the close and upfront relationship we have with our executive team. Every interaction we have with our leaders is important because it give us a sense of belonging and recognition.”

100 Best Large Workplaces for Millennials

Here are the World's Most Admired Companies for 2018 as ranked in their industries. See who made the list.

Our 2018 list of the 100 best companies as ranked by their employees. See which companies made the list.

This year's Fortune 500 marks the 64th running of the list.

Best Large Workplaces for Women 2018_Delta Air Lines

Employees say: 
 
&nbsp; 
 
"Delta's support of employee participation in community service and charity events is extraordinary. Employees volunteer in projects all over the world. Through Delta I have volunteered in Argentina, the Dominican Republic, Mexico and Haiti." 
 
&nbsp; 
 
Read the Great Place to Work review .

Here are the World's Most Admired Companies for 2017 as ranked in their industries. See who made the list.

Our 2017 list of the 100 best companies as ranked by their employees. See which companies made the list.

This year's Fortune 500 marks the 63rd running of the list.

Fortune’s annual list of the 100 Best Workplaces for Women highlights companies with generous benefits, flexible schedules, and an emphasis on balancing work and life. 

Best Workplaces for Diversity 2016- Delta Air Lines

Employees say: "My company takes the time to listen to my suggestions. We work in a team environment and my opinion as well as the person next to me has equal weight in a discussion. When we had our power outage that caused disruptions to thousands of travelers, they took ownership and did right by our customers and their employees. When doing damage control, everyone gave it their all because we wanted to not because we were told to do it. That speaks volumes!" 
 
&nbsp; 
 
"Delta takes very good care of their employees, and the employees love and respect the company. Because of this, the employees are willing to go above and beyond what is expected by leaders in order to ensure that the last customer is taken care of as needed." Read the .

Here are the World's Most Admired Companies for 2016 as ranked in their industries. See who made the list.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 62nd running of the list.

Business insiders have spoken: Asked which companies they most admire, more than 4,100 executives, directors, and analysts chose these top 50 All-Stars.

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

This year's Fortune 500 marks the 61st running of the list. Wal-Mart claims the top spot again. See who made the list.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

Company Info

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Founded

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Revenue ($)

Web Address

Millennials In The Organization

# of millennial employees

Millennials as % of total workforce

Best Companies

Rank last year

Years on list

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Benefits

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Compressed work weeks

Option to work remotely

Minimum requirement in-office attendance (days per week)

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Free mental health sessions (per year)

Free backup childcare time off (days)

Maximum $ amount covered for fertility services

Fully paid maternal leave (days)

Fully paid paternal leave (days)

Fully paid adoptive leave (days)

Maternal leave in addition to regular time off (days)

Paid days off for volunteering

Best Workplaces For Women

Industry Vertical

# Work Sites

Fastest-growing Companies

Revenue 3 Yr Growth Rank

Revenue 3 Yr Annual Growth Rate

EPS 3 Yr Growth Rank

EPS 3 Yr Annual Growth Rate

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Beat S&P 500 3 Yr Return

Current Streak

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Quality of Products/Services

Global Competitiveness

Strongest Dimension

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EPS % Change (10 year annual rate)

Total Return

Total Return to Investors (last year)

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Total Return to Investors (10 year, annualized)

A fixture of the aviation world since it launched in the 1920s, Delta is one of the world’s largest airlines by passengers and by revenue. It has numerous U.S. hub cities, the biggest of which is Atlanta, where Delta is headquartered. The airline’s routes span most of the world, including Asia and Latin America. Delta’s iconic red triangle logo is suggestive of flight and the fourth letter of the Greek alphabet. The airline also helped popularize Biscoff cookies—the name a portmanteau of biscuit and coffee—as an in-flight snack.

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Delta Air Lines (DAL): Company Profile, Stock Price, News, Rankings

legacy

Delta Air Lines

delta air lines

Good morning, everyone, and welcome to the Delta Air Lines March Quarter twenty twenty five Conference Call. My name is Matthew, and I'll be your coordinator. At this time, all participants are in a listen only mode until we conduct a question and answer session following the presentation. As a reminder, today's call is being recorded. I would now like to turn the conference over to Julie Stewart, Vice President of Investor Relations.

Thank you, Matthew. Good morning, everyone, and thank you for joining us. On today's call, we will hear from our CEO, Ed Bastian our President, Glenn Hallenstein and our CFO, Dan Jenke. Ed will open the call with an overview of Delta's performance and strategy. Glen will provide an update on the revenue environment and Dan will discuss costs and our balance sheet.

After the prepared remarks, we'll take analyst questions. We please ask that you limit yourself to one question and a brief follow-up so we can get to as many of you as possible. After the analyst Q and A, we'll move to our media questions. Today's discussion contains forward looking statements that represent our beliefs or expectations about future events. All forward looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward looking statements.

Some of the factors that may cause such differences are described in Delta's SEC filings. We'll also discuss non GAAP financial measures, and all results exclude special items unless otherwise noted. You can find a reconciliation of our non GAAP measures on the IR's website at ir.delta.com. And with that, I'll turn the call over to Ed.

Well, thank you, Julie. Good morning, everyone. We appreciate you joining us today. Earlier this morning, we reported our first quarter results posting pretax earnings of $382,000,000 or $0.46 per share, which is flat to last year. Revenue was 3.3% higher than prior year, a new record for the March, and operating margin was approximately 5%.

We delivered free cash flow of $1,300,000,000 and a double digit return on invested capital. Despite a choppy start to the year, I'm proud of our team for delivering a solid profitability and strong returns that are expected to lead our industry. Operationally, we delivered leading on time performance and system completion factor among our network peers. I would like to thank our people for their outstanding performance and hard work during the quarter, especially with the severe weather that we experienced across the country at the start of the year. The Delta people will always be our number one competitive advantage, and sharing our success is essential to our culture and our values.

In February, we celebrated their well earned profit sharing payout of $1,400,000,000 recognizing two thousand twenty four's performance. Fortune magazine recently recognized our people first culture, ranking Delta the number 15 company on their list of the hundred best companies to work for. Turning to demand and consistent with our update last month, February and March reflected a much more challenging macro environment than anyone initially planned for. Coming into 2025, we are positioned for another year of strong growth. However, given broad economic uncertainty around global trade, growth has largely stalled.

The impact has been most pronounced in domestic and specifically in the main cabin with softness in both consumer and corporate travel. While not immune in this environment, we do continue to see greater resilience in international and our diversified revenue streams including premium and loyalty, reflecting underlying strength of our core consumer. In this uncertain environment, our focus is taking action on those areas we can control, protecting margins and free cash flow. Our largest cost and lever is capacity and we are making plans to keep our second half capacity growth flat over last year with domestic main cabin seats declining as we align supply to demand. Cost management remains an important tool to protect margins and we are aggressively managing our cost base to reflect the lower levels of line and deliver on our commitment of low single digit growth in nonfuel unit cost.

And as always, the best way to ensure efficient and effective cost management is to deliver Delta's world class reliability and premium service to our customers at which our people are the very best in the business. The start of these actions are reflected in our June outlook for double digit operating margins and pretax income of $1,500,000,000 to $2,000,000,000 on revenue that is essentially flat to last year. Given the broad macro uncertainty, it is premature to project the full year, so we are not providing an updated full year outlook at this time. However, with the actions we are taking and where fuel prices currently sit, Delta is well positioned to deliver solid profitability and meaningful cash flow in 2025. Over the last fifteen years, we've worked to diversify our business and differentiate ourselves from the industry.

During periods of heightened uncertainty, our differentiators and structural advantages become even more apparent, helping to insulate our business and create durability in our financial performance. No matter the environment, we manage our business for margins, cash flow and returns. And with our bias to action and our position of strength, I expect our financial results will continue to lead the industry and this year prove to be another validation of our strategy as we create differentiation and demonstrate financial durability. Thank you again for joining us. And with that, let me turn the call over to Glenn and Dan to go through the details of the quarter and outlook and the actions that we are taking.

Thank you, Ed, and good morning. I want to start by thanking our employees for providing the best service and reliability in the industry to our customers every single day. March revenue was $13,000,000,000 3 point 3 percent higher than last year with unit revenues declining 1%. January unit revenue growth was solidly positive and in line with our expectations. As consumers and business confidence moderated, unit revenue trends stepped down in February and again in March with stabilization as we exited the quarter.

Through the quarter, diverse high margin revenue streams showed resilience, growing at mid single digits year on year to reach nearly 60% of total revenue. Premium and loyalty revenue were both up approximately 7% over prior year. Renumeration from American Express grew 13% to $2,000,000,000 driven by co brand spend and acquisitions. Revenue from our travel products portfolio grew by 7%. Cargo revenue increased 17% year over year on higher yields and double digit volume growth.

And MRO revenue grew 7% on heavier engine work scopes. From a geographic perspective, domestic revenue grew 1% impacted by demand softness in the main cabin. International revenue growth was 7% on solidly positive unit revenue over prior year. Transatlantic revenue grew 5% with unit revenue strength driven by premium products and network optimization. Pacific also performed well, up 16% year over year with modestly positive unit revenue growth on double digit capacity growth, driven by strong demand to Japan and into Seoul as our partnership with Korean Airlines matures.

Latin grew revenue 5% on modestly negative unit revenue. And now turning to our June outlook. Given the recency of last week's policy changes and market moves, it's early to assess the impact on consumer and corporate travel demand. For the June, we expect 2Q revenue to be down 2% to up 2% over prior year. Consumers remain cautious and corporate travel trends are choppy, with overall corporate volumes currently expected to be flattish over last year, similar to what we saw in March.

Main cabin demand softness in both domestic and international is persisting, particularly in off peak times. Premium, loyalty and international are continuing to show greater resilience. Internationally, approximately 80% of revenues are U. S. Point of origin, with bookings remaining strong for the peak summer period.

The strength of our brand and quality of our offering are enabling us to drive strong load factors, attract new SkyMiles members and continue to grow our valuable American Express co brand program. With more moderate demand growth, we are reducing expected capacity growth in the second half of the year to flat over last year to apply supply with demand and optimize margins in this environment. We are prudently using our available levers to efficiently manage where and how we fly, focusing on where we have seen the most weakness. With these changes, our main cabin seat growth will be down year over year in the second half. At the same time, we are executing on our multiyear commercial priorities outlined at our November Investor Day that support our long term margin expansion by continuing to make the right investments in the customer experience and diversify our revenue stream.

Yesterday, we announced a significant milestone for our maintenance repair and overhaul business with a ten year agreement with UPS. This is an exciting win for our MRO team and supports long term revenue diversification and growth. In closing, while this year has started differently than we expected, we are taking action and leveraging our advantages while staying true to our long term strategy. And with that, I'll turn it over to Dan to talk about the financials.

Thank you, Glenn, and good morning to everyone. For the March, we delivered pretax income of $382,000,000 with an operating margin of 4.6%. Earnings of $0.46 per share were flat to last year despite a more challenging macro environment than we anticipated as we started the year. Nonfuel unit costs were up 2.6% over last year. It was better than our initial expectations and roughly one point better sequentially despite elevated winter weather early in the quarter as the teams continue to deliver on efficiency.

Fuel prices were $2.45 per gallon, approximately $03 higher than our initial expectations, including breakeven contribution from the refinery. We generated free cash flow of $1,300,000,000 after paying $1,400,000,000 in profit share to our employees and investing $1,200,000,000 back into the business. On debt, we repaid $530,000,000 ending the quarter with gross leverage of 2.6 times. Recognizing the strength of our investment grade balance sheet, Moody's further upgraded Delta's rating during the quarter, our third credit upgrade in eight months, representing Delta's highest credit quality in decades. Moving to the outlook.

Delta Air Lines (DAL) Q1 2025 Earnings Call Transcript

Company Participants