Buyback Radar
Company reports

Delta Air Lines

DAL

Delta Air Lines has retired 22.7% of its shares since 2012, from 851,590,992 to 657,912,380.

22.7%retired since 2012
-2.8%last 5 years
-0.8%last 12 months
658Mshares today
Shares outstanding, 2009 to todaysplit adjusted, from SEC filings
a quarter gone 2019852M shares, 2012658M2010201520202025
2009, 785,464,4902026-09-30, 657,912,380
A share bought in 2009
1.2× more of Delta Air Lines today, without buying another share. It was one of 785,464,490 shares then. It is one of 657,912,380 now.
Every filing we read17 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20092010-01-31785,464,49010-Kcover page
20102011-01-31834,829,73410-K/A
20112012-01-31845,519,62910-K
20122013-01-31851,590,99210-K
20132014-01-31849,378,91810-K
20142015-01-31824,271,66310-K
20152016-01-31778,508,62110-K
20162017-01-31730,770,63810-K
20172018-01-31706,913,35810-K
20182019-01-31678,950,09810-K
20192020-01-31640,093,99510-K
20202021-01-31638,146,66510-K
20212022-01-31639,929,76010-K
20222023-01-31641,238,65510-K
20232024-01-31643,323,85110-K
20242025-01-31645,962,00610-K
20252026-01-31653,130,70810-K

Source: all 10-K filings of Delta Air Lines on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Delta Air Lines buybacks, answered

Is Delta Air Lines buying back its stock?

Not on a net basis. Delta Air Lines has 0.8% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is up 2.8%.

How many shares has Delta Air Lines bought back?

Net of every new share it issued, Delta Air Lines has 193.7 million fewer shares than at its 2012 peak. That is 22.7% of the company.

How many shares does Delta Air Lines have outstanding?

657,912,380 shares, as of September 30, 2026, from the cover page of its latest 10-Q. At the 2012 peak it had 851,590,992.

What do Delta Air Lines' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Delta Air Lines stock in 2012 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Delta Air Lines compare with other cannibal stocks?

Delta Air Lines ranks No. 205 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Zimmer Biomet (23.1%), PepsiCo (22.8%), Skyworks Solutions (22.6%), Jackson Financial (22.5%).

Every answer is computed from Delta Air Lines' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill NygrenHarris Associates17,329,926 shares, $1.6B, Q2 2026
Richard PzenaPzena Investment Management2,618,707 shares, $245.3M, Q2 2026
Warren BuffettBerkshire Hathaway57,320,000 shares, $5.4B, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Delta Air Lines in depth on Cannibal Stocks.

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