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American Airlines Group vs Delta Air Lines

Delta Air Lines is the larger business, with $63.36bn of revenue in fiscal 2025 against $54.63bn for American Airlines Group (1.2 times as much). Delta Air Lines grew faster (2.8% against 0.8%). Delta Air Lines kept more of each dollar of sales as profit: a net margin of 7.9% against 0.2%.

Latest fiscal yearAmerican Airlines GroupAAL, 2025Delta Air LinesDAL, 2025
Revenue $54.63bn $63.36bn
Revenue growth 0.8% 2.8%
Net income $111m $5.00bn
Operating margin 2.7% —
Net margin 0.2% 7.9%
Return on equity — 27.7%
Free cash flow −$680m $3.84bn
Cash $1.06bn $4.31bn
Total debt $29.01bn $14.11bn
Debt to equity — —
Dividend per share — $0.68
Dividend yield — 0.9%
Share buybacks — —
Employees — —
Market value $8.49bn $54.74bn
Price vs our value range — Within our value range
Moat score 16 (Weak) 34 (Weak)
Insider trades, 12 months 0 buys, 11 sales 0 buys, 33 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.