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Delta Airlines $72B Total Assets Largest Among Airlines, Revenue In 2020 Down By 174% Due To COVID-19

The airline industry is one of the hardest-hit industries by the COVID-19 pandemic. Air passenger traffic declined by historic levels as countries shut their borders in a bid to protect their citizens from the pandemic. According to data presented by, Delta Airline’s Operating income recorded a loss of over $12B, a direct result of the COVID-19 pandemic.

Delta Has Largest Total Assets Among Airlines - $72B

Delta Airlines is not only one of the biggest airline companies in the USA but it is also one of the biggest in the world. In terms of total assets, Delta has the largest, holding assets of an estimated $72B as of Feb 2021. Its two main competitors; American Airlines($58.6B) and United Airlines ($53B), are second and third on the list respectively. Southwest Airlines is the only other USA based airline on the top 10 list with total assets of almost $27B.

Asia is represented three times on the top ten list with China Southern leading the way with almost $36B in total assets. Europe has two airlines on the top ten list led by German carrier, Lufthansa ($48B). Qatar Airways is the lone airline from the Middle East to make the top 10 list with total assets of $27.2B.

Delta’s Operating Revenue Decreased by 174% from 2019-2020

Delta’s large holdings in total assets did not make the company immune to the effects of the pandemic on the entire industry. As mobility around the world was halted, passenger numbers dropped for the entire industry, and Deltas passenger load factor dropped from 86.3% in 2019 to 55% in 2020, a decrease of around 36.3%.

As a result, operations were significantly decreased resulting in a net loss of over $12B compared to 2019’s net income of almost $4.8B. Delta’s operating revenue of close to 12.9B in 2020 is also a 174% decrease from 2019’s revenue of $47B - a clear impact of the pandemic.

American Airlines Owns Largest Market Share and Have Most Employed Among US Airlines in 2020

Despite holding the largest amount of total assets, Delta owned only the third-largest share of the market among airlines from the USA with 15.5%. American Airlines had the biggest share with 19.3% followed by Southwest Airlines with 17.49%. United Airlines owned the smallest share from America’s ‘Big 4’ airlines with only 12.4%.

To keep up with its large share of the market, American Airlines have the largest number of full-time equivalent employees. American Airlines’ workforce of over 94,700 dwarfs the next largest workforce from Delta of just under 60,000.

You can read more about the story with more statistics and information at:

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