DELTA AIR LINES, INC. (DAL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 1.08% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
650M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

DAL currently has 652M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.08% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 08, 2026

10-Q filing | 652.0M shares outstanding

650M 0
Oct 09, 2025

10-Q filing | 654.0M shares outstanding

650M 0
Jul 10, 2025

10-Q filing | 652.0M shares outstanding

650M 0
Apr 09, 2025

10-Q filing | 652.0M shares outstanding

650M 0
Feb 11, 2025

10-K filing | 648.0M shares outstanding

650M 0
Oct 10, 2024

10-Q filing | 647.0M shares outstanding

650M 0
Jul 11, 2024

10-Q filing | 648.0M shares outstanding

650M 0
Apr 10, 2024

10-Q filing | 645.0M shares outstanding

650M 0
Feb 12, 2024

10-K filing | 643.0M shares outstanding

640M 0
Oct 12, 2023

10-Q filing | 644.0M shares outstanding

640M 0
Jul 13, 2023

10-Q filing | 642.0M shares outstanding

640M 0
Apr 13, 2023

10-Q filing | 639.0M shares outstanding

640M 0
Feb 10, 2023

10-K filing | 641.0M shares outstanding

640M 0
Oct 13, 2022

10-Q filing | 641.0M shares outstanding

640M 0
Jul 13, 2022

10-Q filing | 641.0M shares outstanding

640M 0
Apr 13, 2022

10-Q filing | 637.0M shares outstanding

640M 0
Feb 11, 2022

10-K filing | 641.0M shares outstanding

640M 0
Oct 13, 2021

10-Q filing | 641.0M shares outstanding

640M 0
Jul 14, 2021

10-Q filing | 642.0M shares outstanding

640M 0
Apr 23, 2021

8-K filing: Delta Air Lines, Inc. entered into a Payroll Support Program 3 Agreement with the United States Department of the Treasury, issuing warrants to acquire approximately 1.9 million shares of Delta common stock at an exercise price of $47.80 per share, and will issue a warrant to acquire approximately 325,000 additional shares of its common stock at an exercise price of $39.73 under the PSP2 agreement.

640M 0
Apr 15, 2021

10-Q filing | 636.0M shares outstanding

640M 0
Feb 12, 2021

10-K filing | 636.0M shares outstanding

640M 0
Jan 15, 2021

8-K filing: Delta Air Lines, Inc. entered into a Payroll Support Program Extension Agreement with the United States Department of the Treasury, issuing warrants to acquire approximately 2.1 million shares of Delta common stock.

640M 0
Oct 14, 2020

10-Q filing | 635.0M shares outstanding

640M 0
Jul 15, 2020

10-Q filing | 635.0M shares outstanding

640M 0
Apr 22, 2020

10-Q filing | 637.0M shares outstanding

640M 0
Apr 22, 2020

8-K filing: Delta Air Lines, Inc. entered into a Payroll Support Program Agreement with the U.S. Department of the Treasury and will issue 6.5 million warrants to acquire Delta common stock with an exercise price of $24.39 per share.

650M 0
Feb 13, 2020

10-K filing | 651.0M shares outstanding

650M 0
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