Delta Air Lines, Inc.
MX ˙ BMV ˙ US2473617023
SecurityMX:DAL / Delta Air Lines, Inc.
InstitutionIndependent Advisor Alliance
Latest Disclosed Ownership29,474 shares
Latest Disclosed Value $ 1,959,490
Independent Advisor Alliance reports 36.33% decrease in ownership of DAL / Delta Air Lines, Inc.

On May 12, 2026 - Independent Advisor Alliance filed a 13F-HR form disclosing ownership of 29,474 shares of Delta Air Lines, Inc. (MX:DAL) valued at $1,959,490 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 46,293 shares of Delta Air Lines, Inc.. This represents a change in shares of -36.33% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F DELTA AIR LINES COM NEW 247361702 29,474 -16,819 -36.33 1,959 -39.01 0.0119
2026-02-04 2025-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 46,293 -7,308 -13.63 3,213 5.62 0.0780
2025-11-04 2025-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 53,601 15,661 41.28 3,042 63.06 0.0790
2025-08-11 2025-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 37,940 -5,348 -12.35 1,866 -1.17 0.0538
2025-05-12 2025-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 43,288 -10,374 -19.33 1,887 -41.87 0.0623
2025-02-07 2024-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 53,662 15,009 38.83 3,247 65.36 0.0430
2024-11-13 2024-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 38,653 -8,763 -18.48 1,963 -12.72 0.0715
2024-08-12 2024-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 47,416 -23,036 -32.70 2,249 -33.30 0.0770
2024-05-08 2024-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 70,452 -47,749 -40.40 3,373 -29.09 0.1217
2024-02-08 2023-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 118,201 56,498 91.56 4,755 108.28 0.1713
2023-10-24 2023-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 61,703 3,283 5.62 2,283 -17.79 0.1033
2023-07-28 2023-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 58,420 394 0.68 2,777 37.07 0.1224
2023-05-12 2023-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 58,026 -20,113 -25.74 2,026 -71.34 0.0977
2023-02-13 2022-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 78,139 19,686 33.68 7,068 330.98 0.2429
2022-11-04 2022-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 58,453 299 0.51 1,640 -2.67 0.0956
2022-08-04 2022-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 58,154 -87,630 -60.11 1,685 -70.79 0.0941
2022-05-06 2022-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 145,784 80,500 123.31 5,769 126.15 0.2777
2022-02-11 2021-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 65,284 -1,090 -1.64 2,551 -9.79 0.1258
2021-11-01 2021-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 66,374 -818 -1.22 2,828 -2.72 0.1572
2021-08-12 2021-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 67,192 1,196 1.81 2,907 -8.76 0.1593
2021-05-14 2021-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 65,996 971 1.49 3,186 21.84 0.1890
2021-02-11 2020-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 65,025 10,421 19.08 2,615 56.59 0.1775
2020-11-04 2020-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 54,604 -2,180 -3.84 1,670 4.83 0.1267
2020-08-06 2020-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 56,784 23,250 69.33 1,593 66.46 0.1704
2020-05-14 2020-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 33,534 16,445 96.23 957 -4.20 0.1392
2020-02-07 2019-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 17,089 700 4.27 999 5.83 0.0436
2019-11-12 2019-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 16,389 -1,041 -5.97 944 -4.55 0.1153
2019-08-12 2019-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 17,430 -2,218 -11.29 989 -2.56 0.1431
2019-05-07 2019-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 19,648 4,123 26.56 1,015 30.97 0.1427
2019-02-12 2018-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 15,525 30 0.19 775 -11.53 0.1372
2018-11-13 2018-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 15,495 -6,241 -28.71 876 -18.21 0.1577
2018-08-08 2018-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 21,736 519 2.45 1,071 -2.81 0.2228
2018-05-15 2018-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 21,217 7,074 50.02 1,102 42.56 0.2456
2018-02-14 2017-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 14,143 1,844 14.99 773 21.54 0.1727
2017-11-15 2017-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,299 1,702 16.06 636 9.47 0.1748
2017-08-14 2017-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 10,597 2,343 28.39 581 56.18 0.1850
2017-05-09 2017-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 8,254 64 0.78 372 -10.14 0.0590
2017-05-19 2016-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 8,190 8,190 414 0.1775
2017-02-15 2016-12-31 13F DELTA AIRLINES Common Stock 247361702 8,190 414 0.1611
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.