Berkshire Hathaway Rekindles Its Tortured Love Affair With Airlines
CEO Greg Abel is showing an early fondness for them with Berkshire taking a new $2.6 billion position in Delta during the first quarter.
Fiscal Year: January - December
Delta Air Lines, Inc. (DAL), listed on the NYSE, has a market capitalization of $49.43B. As of May 21, 2026, the stock is trading at $75.65 per share@else an unavailable price , offering investors a clear view of its current market value. Delta Air Lines, Inc. is a prominent player in the industry sector, attracting both institutional and retail investors due to its performance and potential.
With a P/E ratio of 11.04, investors can assess the stock's valuation in comparison to its earnings. A P/E ratio is a crucial indicator for value investors, showing whether the stock is over or undervalued relative to its current earnings. Delta Air Lines, Inc. also offers a dividend yield of 0.99%, making it an attractive option for income-focused investors who seek regular dividends.
Our Discounted Cash Flow (DCF) analysis reveals that Delta Air Lines, Inc. (DAL) may be overvalued compared to its intrinsic worth. However, to see the exact DCF fair value, please Login or Upgrade for access.
The proprietary SS Score for Delta Air Lines, Inc. is a unique metric that analyzes the company's financial health and growth potential. The score takes into account critical factors such as revenue growth, net income, free cash flow (FCF) compound annual growth rate (CAGR), the trend of shares outstanding, and the debt-to-FCF ratio. This helps investors to make a more informed decision, as an undervalued stock might still have poor financial fundamentals.
To view the detailed SS Score for Delta Air Lines, Inc., Login or Upgrade for access.
The Price to Free Cash Flow (P/FCF) ratio for Delta Air Lines, Inc. is 12.61, offering insights into how much investors are paying for the company's free cash flow. A lower P/FCF ratio typically suggests that the stock is undervalued, while a higher ratio may indicate overvaluation.
In summary, Delta Air Lines, Inc. (DAL) has shown consistent financial performance, as illustrated by the financial charts above, which track its revenue growth, net income, free cash flow, and shares outstanding over the past several years. These metrics provide investors with key insights into the company's past and projected future performance. Investors should use the SS Score alongside the DCF Fair Value to make better-informed decisions about whether to buy or hold the stock.
*This analysis is for informational purposes only and does not constitute investment advice. Always read the company's 10-K filings and do your own research before making any investment decisions.
Whether Delta Air Lines, Inc. (DAL) is a good stock to buy depends on various factors, including its financial health, market conditions, and your investment strategy. Our analysis indicates that the stock may be overvalued compared to its intrinsic value. However, it is important to assess the SS Score and review the company's fundamentals before making any investment decisions.
The fair value of Delta Air Lines, Inc. (DAL) is determined through our Discounted Cash Flow (DCF) analysis. This value represents the intrinsic worth of the stock based on its expected future cash flows. To view the specific fair value, consider subscribing to our service for complete access.
The SS Score is a proprietary financial quality metric that assesses factors such as revenue growth, net income, free cash flow growth, and debt levels. It helps investors evaluate the overall financial health of Delta Air Lines, Inc.. To access the full SS Score, consider upgrading your subscription.
Delta Air Lines, Inc. is a significant player in the industry sector, with a market capitalization of $49.43B and a competitive P/E ratio of 11.04. Investors should compare these metrics with industry peers to gauge whether Delta Air Lines, Inc. is outperforming or underperforming within its sector.
CEO Greg Abel is showing an early fondness for them with Berkshire taking a new $2.6 billion position in Delta during the first quarter.
Delta Air Lines' CEO revealed why he chose Amazon Leo over Elon Musk's Starlink. He praised its access to gaming technologies — and a "much lower price point.
Warren Buffett famously thought investing in airlines was a bad idea after getting burned. Berkshire Hathaway investors undoubtedly hope Greg Abel has better luck.
Amazon’s ($AMZN) shares edged higher on Monday after Delta Air Lines ($DAL) defended its choice of the tech conglomerate’s Leo satellite broadband network over Starlink. The latter is a rival…
Delta Air Lines’ (DAL) Ed Bastian rebuffed Elon Musk’s criticism about his airline picking Amazon.com (AMZN) for its in-flight Wi-Fi service, saying the retail giant’s product is cheaper than SpaceX’s...
Here are five key things investors need to know to start the trading day.
Berkshire Hathaway has revamped its investment portfolio of U.S. stocks under new CEO Greg Abel. It took a $2.6 billion stake in Delta Airlines, while increasing its Alphabet shares by 224%.
Shares of Macy’s (M) jumped 5% in after-hours trading to $19.39 while Delta Air Lines (DAL) moved up 3% to $72.15.
Berkshire sold many of its smaller stock holdings including in Amazon and UnitedHealth.
Berkshire Hathaway boosted its stake in Alphabet to nearly 58 million shares on March 31 from almost 18 million shares at year-end.
Appaloosa sold off its entire positions in Delta, American and United, while loading up on shares of Amazon and Uber.
Warren Buffett exited U.S. airlines back in 2020, but successor Greg Abel placed a $2.8 billion fresh bet on Delta.
Berkshire Hathaway tripled its Alphabet stake and placed a new bet on Delta Air Lines last quarter. The company appears to have sold all of the departed Todd Combs' stock picks.
The Omaha-based company built a position worth more than $2.6 billion, making Delta Berkshire's 14th-largest holding at the end of March.
The company exited positions in Amazon, Mastercard, Visa and UnitedHealth, among many others.
First Ryanair and now Delta. Not every airline wants to use SpaceX's Starlink inflight Wi-Fi service.
Delta Air Lines will give its employees a 4% pay increase this year, similar to the increase in 2025, even as the airline industry grapples with uncertainty over surging fuel costs. "Human capital is ...
Delta Air Lines is one of few carriers opting against installing Starlink internet on its planes. The airline instead tapped Amazon LEO in March to become its in-flight WiFi provider.
Delta Air Lines (DAL) is expanding its trans-Atlantic schedule this fall with the addition of special flights to support customers traveling to Madrid and Munich for two major international profession...
ATLANTA, May 13, 2026 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will present at the TD Cowen Future of the Consumer Conference at 10:15 a.m. ET on Wednesday, June 3rd, 2026.
After Spirit Airlines vanished from the skies, its not-quite-sudden collapse raised questions about why the successful low-cost model, born in the U.S. airline industry, is failing.
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Bernstein raised the firm’s price target on Delta Air Lines (DAL) to $88 from $81 on better fuel insulation, while keeping an Outperform rating on the shares. The firm’s FY26…
Option traders moderately bearish in Delta Air Lines (DAL), with shares up 16c, or 0.22%, near $73.27. Options volume relatively light with 2245 contracts traded and puts leading calls for…
Mixed options sentiment in Delta Air Lines (DAL), with shares down 34c near $73.00. Options volume relatively light with 28k contracts traded and puts leading calls for a put/call ratio…
Below estimates were sourced from SimplyWallSt and are intended for educational purposes only as a baseline for the analysis.
| Year | FCF Estimate | % | # Analysts |
|---|---|---|---|
| 2026 | 2.36B | Analyst x6 | |
| 2027 | 3.83B | 61.93% | Analyst x8 |
| 2028 | 4.77B | 24.69% | Analyst x3 |
| 2029 | 4.60B | -3.60% | Analyst x1 |
| 2030 | 4.56B | -0.98% | Est @-1.0% |
| 2031 | 4.56B | 0.11% | Est @0.1% |
| 2032 | 4.60B | 0.88% | Est @0.9% |
| 2033 | 4.67B | 1.41% | Est @1.4% |
| 2034 | 4.74B | 1.67% | Est @1.7% |
| 2035 | 4.84B | 1.91% | Est @1.9% |
Below are the FCF estimates with the discount factor and the calculated present value with the terminal value that led the results above.
| Year | FCF | Discount Factor | PV of Future FCF |
|---|---|---|---|
| 2024A | 2.89B | 1.00 | 2.89B |
| 2025A | 3.84B | 1.00 | 3.84B |
| 2026E | 2.36B | 1.09 | 2.18B |
| 2027E | 3.83B | 1.18 | 3.24B |
| 2028E | 4.77B | 1.28 | 3.72B |
| 2029E | 4.60B | 1.39 | 3.30B |
| 2030E | 4.56B | 1.51 | 3.01B |
| 2031E | 4.56B | 1.65 | 2.77B |
| 2032E | 4.60B | 1.79 | 2.57B |
| 2033E | 4.67B | 1.94 | 2.40B |
| 2034E | 4.74B | 2.11 | 2.25B |
| 2035E | 4.84B | 2.29 | 2.11B |
| Terminal | 80.53B | 2.29 | 35.11B |
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