Delta Air Lines, Inc.
MX ˙ BMV ˙ US2473617023
SecurityMX:DAL / Delta Air Lines, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership13,404,779 shares
Latest Disclosed Value $ 891,149,820
Morgan Stanley reports 8.89% increase in ownership of DAL / Delta Air Lines, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 13,404,779 shares of Delta Air Lines, Inc. (MX:DAL) valued at $891,149,820 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 12,310,804 shares of Delta Air Lines, Inc.. This represents a change in shares of 8.89% 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)
2026-05-15 2026-03-31 13F DELTA AIR LINES COM NEW 247361702 13,404,779 1,093,975 8.89 891,150 4.30 0.0537
2026-05-27 2025-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 12,310,804 56,455 0.46 854,370 22.85 0.0510
2026-02-13 2025-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,310,804 56,455 854,370 0.0510
2026-05-27 2025-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 12,254,349 -804,911 -6.16 695,435 8.28 0.0421
2025-11-14 2025-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,254,349 -804,911 695,435 0.0421
2025-08-15 2025-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 13,059,260 506,736 4.04 642,254 17.35 0.0418
2025-05-15 2025-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,552,524 -1,511,197 -10.75 547,290 -35.68 0.0391
2025-05-15 2024-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 14,063,721 1,533,912 12.24 850,855 33.70 0.0596
2025-02-14 2024-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 14,063,721 1,533,912 850,855 0.0596
2025-05-14 2024-09-30 13F/A-2 DELTA AIR LINES INC DEL COM NEW 247361702 12,529,809 -109,973 -0.87 636,389 6.13 0.0461
2025-02-14 2024-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 12,529,809 -109,973 636,389 0.0461
2024-11-14 2024-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,529,809 -109,973 636,389 0.0461
2025-05-14 2024-06-30 13F/A-2 DELTA AIR LINES INC DEL COM NEW 247361702 12,639,782 771,521 6.50 599,631 5.54 0.0464
2024-10-17 2024-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 12,639,782 771,521 599,631 0.0464
2024-08-14 2024-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,639,782 771,521 599,631 0.0464
2024-10-17 2024-03-31 13F/A-2 DELTA AIR LINES INC DEL COM NEW 247361702 11,868,261 -139,680 -1.16 568,134 17.61 0.0456
2024-08-16 2024-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 11,868,261 -139,680 568,134 0.0053
2024-05-15 2024-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 11,868,261 -139,680 568,134 0.0456
2024-08-16 2023-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 12,007,941 1,168,819 10.78 483,080 20.45 0.0426
2024-02-13 2023-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,007,941 1,168,819 483,080 0.0426
2023-11-15 2023-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 10,839,122 865,746 8.68 401,048 -15.41 0.0408
2023-08-14 2023-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 9,973,376 -92,505 -0.92 474,134 34.89 0.0467
2023-05-15 2023-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 10,065,881 135,981 1.37 351,501 7.72 0.0377
2023-02-14 2022-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 9,929,900 -506,364 -4.85 326,297 11.42 0.0371
2022-11-14 2022-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 10,436,264 -1,663,313 -13.75 292,843 -16.46 0.0399
2022-10-27 2022-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 12,099,577 3,687,327 43.83 350,526 5.30 0.0455
2022-08-15 2022-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 12,099,577 3,687,327 350,526 0.0455
2022-10-27 2022-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 8,412,250 -678,112 -7.46 332,872 -6.30 0.0449
2022-05-13 2022-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 8,412,250 -678,112 332,872 0.0449
2022-02-14 2021-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 9,090,362 268,050 3.04 355,251 -5.50 0.0439
2021-11-15 2021-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 8,822,312 32,374 0.37 375,918 -1.14 0.0506
2021-08-23 2021-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 8,789,938 1,345,186 18.07 380,253 5.79 0.0502
2021-08-16 2021-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 8,789,938 1,345,186 380,253 0.0501
2021-05-17 2021-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 7,444,752 -2,442,224 -24.70 359,434 -9.59 0.0528
2021-02-16 2020-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 9,886,976 5,130,847 107.88 397,556 173.34 0.0614
2020-11-13 2020-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,756,129 834,150 21.27 145,443 32.21 0.0281
2020-08-14 2020-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,921,979 -1,804,606 -31.51 110,012 -32.66 0.0244
2020-05-26 2020-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 5,726,585 1,979,986 52.85 163,379 -25.43 0.0444
2020-05-15 2020-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,726,585 1,979,986 163,379 12,550.9131
2020-02-14 2019-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,746,599 -47,795 -1.26 219,100 0.25 0.0510
2019-11-14 2019-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,794,394 -157,328 -3.98 218,557 -2.54 0.0579
2019-08-14 2019-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,951,722 -388,666 -8.95 224,260 0.04 0.0597
2019-05-15 2019-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,340,388 -198,229 -4.37 224,181 -1.01 0.0635
2019-02-14 2018-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,538,617 -698,817 -13.34 226,477 -25.23 0.0678
2019-04-23 2018-09-30 13F/A-2 DELTA AIR LINES INC DEL COM NEW 247361702 5,237,434 869,794 19.91 302,881 39.98 0.0758
2018-11-20 2018-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 5,237,434 0 302,881 0.0758
2018-11-14 2018-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,237,434 869,794 302,881
2019-04-23 2018-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 4,367,640 -251,893 -5.45 216,372 -14.54 0.0585
2018-08-14 2018-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,367,640 -251,893 216,372
2019-04-23 2018-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 4,619,533 -535,101 -10.38 253,195 -12.29 0.0703
2018-05-14 2018-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,619,533 -535,101 253,195
2019-04-23 2017-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 5,154,634 121,414 2.41 288,660 18.94 0.0790
2018-02-14 2017-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,154,634 121,414 288,660
2017-11-14 2017-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,033,220 363,010 7.77 242,702 -3.30 0.0727
2017-08-11 2017-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,670,210 156,970 3.48 250,978 20.99 0.0758
2017-05-22 2017-03-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 4,513,240 360,271 8.68 207,429 1.54 0.0638
2017-05-12 2017-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,513,240 207,429
2017-02-22 2016-12-31 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 4,152,969 -1,807,039 -30.32 204,285 -12.92 0.0669
2017-02-13 2016-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,152,969 204,285
2016-11-10 2016-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,960,008 -236,957 -3.82 234,586 3.91 0.0801
2016-08-12 2016-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 6,196,965 1,545,827 33.24 225,756 -0.29 0.0815
2016-05-12 2016-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,651,138 -146,145 -3.05 226,418 -6.89 0.0871
2016-02-09 2015-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,797,283 -487,949 -9.23 243,174 2.54 0.0880
2016-02-08 2015-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 5,285,232 315,210 6.34 237,149 16.15 0.0876
2015-11-09 2015-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,285,232 237,149
2015-08-12 2015-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,970,022 488,878 10.91 204,168 1.34 0.0708
2015-05-14 2015-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,481,144 -6,185 -0.14 201,470 -8.73 0.0742
2015-02-13 2014-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,487,329 -1,739,401 -27.93 220,732 -1.94 0.0807
2014-12-16 2014-09-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 6,226,730 943,815 17.87 225,096 22.97 0.0866
2014-11-14 2014-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 6,226,730 225,096
2014-05-13 2014-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,282,915 445,343 9.21 183,051 37.75 0.0767
2014-02-13 2013-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,837,572 3,104,275 179.10 132,888 224.99 0.0565
2013-11-13 2013-09-30 13F DELTA AIRLINES COM 247361702 1,733,297 125,326 7.79 40,890 35.91 0.0193
2013-08-08 2013-06-30 13F DELTA AIRLINES COM 247361702 1,607,971 1,607,971 30,085 0.0152
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.