Insiders Trades
No insider purchase over the last 90 days. The latest was filed 11 Apr 2025.
Delta AIR Lines, Inc.: what insiders have been doing
Every trade that managers of Delta AIR Lines, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Industry sector and is based in Atlanta, United States. It was founded in 1925. Over the twelve months to 18 October 2026, the company's managers filed 83 filings, from 33 insiders.
No insider bought on the market over the period, while 10 insiders filed 22 sales totalling €64.6M. The largest single trade was a sale of €16.6M by Bastian Edward H, published on 5 August 2026, equal to 0.035% of the market capitalisation.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 83 filings here. The full history, which starts in 2016, counts 18 purchases against 72 sales. The 10-K for the year ended 31 December 2025 shows 63.36 bn USD of revenue and 5.00 bn USD of net income and a dividend of 0.68 USD per share.
Filings reach the SEC (Form 4) feed a median of 2 days after the trade. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Elsewhere in the same sector, our signals recently picked up insider purchases at Tennant Co and Butler National Corp. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
358
Thresholds
n/a
Buy Volume
€4M
18 ops. · all time
Sell Volume
€106M
72 ops. · all time
Who traded when
BuySaleAlain Bellemare5 sales
Ausband Allison C4 sales
Hauenstein Glen W4 sales
Peter W. Carter4 sales
Samant Rahul D4 sales
Steven M. Sear4 sales
+8 other insiders
Since the insiders bought
- +66.4%Entry US$40.30 · Close at T+365 US$67.05
- +66.4%Entry US$40.30 · Close at T+365 US$67.05
- -22.5%Entry US$40.25 · Close at T+365 US$31.19
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Delta AIR Lines, Inc. Strong Buy (bullish), based on 24 analysts. Average price target: US$101.07.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 4,581 of 24,148 companies
67.5
score / 100
Value79
Quality56
FCF yld7.8%
Earn yld10%
EV/EBITDA7.5x
ROE16%
Gross mgn24%
Net mgn7.9%
Debt/EBITDA2.2x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$75.37
Analyst consensus
24 analystsStrong buy
US$53.00Target US$101.07(+34%)US$125.00
Income statement
RevenueUS$63.4B
Gross profitUS$15.3B24% margin
EBITDAUS$9.3B15% margin
Net incomeUS$5B4.6% margin
Valuation
PER (trailing)15.0x
PER (forward)10.3x
P/Book2.2x
Beta1.34
Balance sheet & cash
Market capUS$49.6B
Total debtUS$20.3B
Free Cash FlowUS$3.8B
Debt / Equity89%
Profitability & ownership
ROE15.9%
ROA4.0%
% insiders9.2%
% institutions80.5%
Last declaration on 6 August 2026
Declarations358 total
40,460 shares@ US$51.230.0038% mcap13.6% of flowCommon StockSEC:0001683168-26-006058:0
40,460 shares@ US$93.5530.0069% mcap24.9% of flowCommon StockSEC:0001683168-26-006058:1
3,100 shares@ US$94.1150.0005% mcap39.8% of flowCommon StockSEC:0001683168-26-006060:0
3,100 shares@ US$94.11530.0005% mcap39.8% of flowCommonSEC144:0001959173-26-005672
40,460 shares@ US$93.55320.0069% mcap24.9% of flowCommonSEC144:0001959173-26-005678
35,000 shares@ US$39.780.0026% mcap9.6% of flowCommon StockSEC:0001683168-26-006001:0
35,000 shares@ US$92.7190.0060% mcap22.3% of flowCommon StockSEC:0001683168-26-006001:1
206,510 shares@ US$49.330.019% mcap15.5% of flowCommon StockSEC:0001683168-26-006000:0
206,510 shares@ US$92.7960.035% mcap29.2% of flowCommon StockSEC:0001683168-26-006000:1
39,900 shares@ US$49.330.0036% mcap14.5% of flowCommon StockSEC:0001683168-26-006002:0
39,900 shares@ US$92.9810.0068% mcap27.4% of flowCommon StockSEC:0001683168-26-006002:1
31,756 shares@ US$90.8480.0053% mcap50.0% of flowCommon StockSEC:0001683168-26-005999:0
39,900 shares@ US$92.98070.0068% mcap27.4% of flowCommonSEC144:0001959173-26-005633
35,000 shares@ US$92.71880.0060% mcap22.3% of flowCommonSEC144:0001959173-26-005592
206,510 shares@ US$92.79630.035% mcap29.2% of flowCommonSEC144:0001959173-26-005597
31,756 shares@ US$90.84760.0053% mcap50.0% of flowCommonSEC144:0001959173-26-005574
6,463 shares@ US$93.310.0012% mcap70.3% of flowCommonSEC144:0001959173-26-004885
2,380 sharesCommon StockSEC:0001683168-26-005039:0
2,380 sharesCommon StockSEC:0001683168-26-005033:0
2,380 sharesCommon StockSEC:0001683168-26-005036:0
2,380 sharesCommon StockSEC:0001683168-26-005030:0
1,272 sharesCommon StockSEC:0001683168-26-005031:0
2,380 sharesCommon StockSEC:0001683168-26-005037:0
2,380 sharesCommon StockSEC:0001683168-26-005038:0
3,810 sharesCommon StockSEC:0001683168-26-005040:0
25 of 358 declarations
About Delta AIR Lines, Inc.
Delta Air Lines, Inc. (NYSE: DAL) is one of the leading U.S.-listed airline groups in the United States, headquartered in Atlanta, Georgia, United States. The company traces its origins to March 2, 1925, when it was founded as Huff Daland Dusters, and later evolved into a global network carrier focused on passenger air transportation, cargo, loyalty, and related travel services. Delta established Atlanta as its headquarters in 1941 and marked its 100th anniversary in 2025, underscoring the longevity and scale of its franchise. ([news.delta.com](https://news.delta.com/sites/default/files/2025-03/commendation-delta-air-lines-100th-anniversary_georgia-gov-kemp.pdf?utm_source=openai))
From an operating perspective, Delta is positioned as a premium-leaning network airline rather than a pure low-cost carrier. Its core business is scheduled passenger transport, supported by premium cabins, loyalty revenue through SkyMiles, ancillary services, cargo operations, and partnership/distribution income. Delta states that nearly 200 million travelers fly across up to 275 destinations in 50 countries, with as many as 4,000 daily departures, highlighting the breadth of its network and the importance of its U.S. hubs. The company also indicates a mainline fleet of more than 800 aircraft and a workforce of roughly 100,000 employees. ([delta.com](https://www.delta.com/us/en/about-delta/overview?utm_source=openai))
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For investors, Delta’s competitive appeal lies in the relative resilience of its business model versus more commoditized carriers. The airline emphasizes service quality, premium seating, airport lounges, and loyalty economics, all of which typically support stronger monetization per passenger. Delta’s hub structure is central to this positioning, with major operations in Atlanta, Minneapolis, Detroit, Salt Lake City, Boston, Los Angeles, New York, and Seattle, giving it a diversified domestic and international network platform. ([delta.com](https://www.delta.com/us/en/onboard/onboard-experience/delta-one?utm_source=openai))
Key products and services include Delta One, Delta Sky Club lounges, onboard connectivity, cargo services, and the SkyMiles program. Recent strategy points clearly to fleet modernization and premium growth. In 2026, Delta announced fresh widebody orders and its first direct order for up to 60 Boeing 787 Dreamliners, alongside additional Airbus purchases, aiming to modernize the fleet, improve fuel efficiency, and support long-haul international expansion. The airline also announced a partnership with Sphere in Las Vegas and a distribution/content deal with The New York Times, both of which signal a broader effort to enhance the customer ecosystem beyond transportation alone. ([investors.boeing.com](https://investors.boeing.com/investors/news/press-release-details/2026/Delta-Air-Lines-Orders-up-to-60-Boeing-787-Dreamliners-to-Grow-Modernize-Widebody-Fleet/default.aspx?utm_source=openai))
On the stock market, Delta Air Lines trades on the NYSE in the United States under ticker DAL. The investment case combines exposure to air-travel demand, fuel-price sensitivity, capacity discipline, and ongoing premiumization, with a growing emphasis on international flying and higher-yield customer segments. ([ir.delta.com](https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-March-Quarter-2026-Financial-Results/default.aspx?_cbnsid=2c4d60153e367e76c77a.177567185470e909&utm_source=openai))
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