Loading company filing…
Find a company. Follow its revenue through costs and profit.
Coverage includes separate ticker and security records; counts are not unique companies.
Sankey diagram of Delta Air Lines, Inc.. A complete text table follows the diagram.
Premium fares supplied almost all ticket growth, American Express economics widened the ecosystem, and fuel plus labor absorbed the gain
Swipe to explore
The diagram stops at operating income so the negative pretax result does not require invalid negative Sankey flows. Loyalty is shown as one ecosystem by combining award-travel revenue within Passenger with loyalty-and-related revenue within Other. Refinery and MRO are retained because they explain why consolidated revenue growth did not translate into operating-margin expansion.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Main cabin tickets | 1 | $5.4B | Traditional fare base; +1% |
| Premium tickets | 1 | $5.4B | Higher-value cabins; +14% |
| Loyalty award travel | 1 | $1.0B | Miles redeemed into seats; +9% |
| Loyalty & partner economics | 1 | $1.2B | Primarily American Express remuneration; +13% |
| Travel services & cargo | 1 | $732M | Fees, vacation products and freight |
| Third-party refinery activity | 1 | $1.7B | High-volume, low-margin pass-through; +56% |
| MRO & miscellaneous | 1 | $451M | Third-party maintenance and other revenue |
| Paid-ticket engine | 2 | $10.8B | Premium is now 49.8% of ticket revenue |
| SkyMiles ecosystem | 2 | $2.3B | Travel redemption plus partner monetization |
| Adjacent travel & aviation services | 2 | $2.8B | Cargo, services, refinery and MRO |
| Operating revenue | 3 | $15.9B | Up 13%, including refinery pass-through |
| Operating income | 4 | $501M | 3.2% operating margin |
| Salaries & related costs | 4 | $4.5B | Largest airline cost; +11% |
| Aircraft fuel & taxes | 4 | $2.7B | $2.78 per gallon; +14% |
| Refinery expense | 4 | $1.7B | Matches reported refinery other revenue |
| Fleet, airports, selling & other | 4 | $6.4B | Contractors, rents, maintenance and service |
| From | To | Value |
|---|---|---|
| Main cabin tickets | Paid-ticket engine | $5.4B |
| Premium tickets | Paid-ticket engine | $5.4B |
| Loyalty award travel | SkyMiles ecosystem | $1.0B |
| Loyalty & partner economics | SkyMiles ecosystem | $1.2B |
| Travel services & cargo | Adjacent travel & aviation services | $732M |
| Third-party refinery activity | Adjacent travel & aviation services | $1.7B |
| MRO & miscellaneous | Adjacent travel & aviation services | $451M |
| Paid-ticket engine | Operating revenue | $10.8B |
| SkyMiles ecosystem | Operating revenue | $2.3B |
| Adjacent travel & aviation services | Operating revenue | $2.8B |
| Operating revenue | Operating income | $501M |
| Operating revenue | Salaries & related costs | $4.5B |
| Operating revenue | Aircraft fuel & taxes | $2.7B |
| Operating revenue | Refinery expense | $1.7B |
| Operating revenue | Fleet, airports, selling & other | $6.4B |