Delta Air Lines, Inc.
US ˙ NYSE ˙ US2473617023

SecurityDAL / Delta Air Lines, Inc.
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Level Four Advisory Services, Llc closes position in DAL / Delta Air Lines, Inc.

On November 12, 2025 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 0 shares of Delta Air Lines, Inc. (US:DAL) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 13, 2025 disclosing 5,264 shares of Delta Air Lines, Inc.. The current value of the position is $0 USD.

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)
2025-11-12 2025-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 0 -100.00 0
2025-08-13 2025-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,264 5,264 259 0.0095
2025-05-14 2025-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 0 -4,250 -100.00 0 -100.00
2025-02-12 2024-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,250 441 11.58 257 17.89 0.0105
2024-11-14 2024-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 3,809 -133,080 -97.22 218 -96.64 0.0092
2024-08-09 2024-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 136,889 39,535 40.61 6,494 65.83 0.2927
2024-05-13 2024-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 97,354 5,729 6.25 3,917 6.24 0.2152
2024-02-08 2023-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 91,625 -3,452 -3.63 3,686 4.81 0.2068
2023-11-13 2023-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 95,077 2,977 3.23 3,518 -19.67 0.2268
2023-07-10 2023-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 92,100 9,199 11.10 4,378 51.28 0.2631
2023-06-05 2023-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 82,901 8,577 11.54 2,895 18.51 0.1899
2023-02-13 2022-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 74,324 -21,017 -22.04 2,442 -8.71 0.1813
2022-11-07 2022-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 95,341 9,822 11.49 2,675 7.99 0.2600
2022-08-08 2022-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 85,519 12,254 16.73 2,477 -14.56 0.2336
2022-05-10 2022-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 73,265 8,624 13.34 2,899 14.77 0.2271
2022-02-11 2021-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 64,641 14,066 27.81 2,526 17.22 0.1926
2021-10-12 2021-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 50,575 -3,831 -7.04 2,155 -8.45 0.2241
2021-08-09 2021-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 54,406 10,908 25.08 2,354 12.10 0.1628
2021-05-10 2021-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 43,498 11,486 35.88 2,100 63.17 0.1631
2021-02-10 2020-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 32,012 -8,241 -20.47 1,287 4.55 0.1033
2020-11-02 2020-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 40,253 -40 -0.10 1,231 8.65 0.0948
2020-08-17 2020-06-30 13F/A-1 DELTA AIR LINES INC DEL COM NEW 247361702 40,293 8,063 25.02 1,133 23.29 0.0876
2020-05-13 2020-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 32,230 26,575 469.94 919 155.28 0.1102
2020-02-13 2019-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,655 960 20.45 360 32.84 0.0143
2019-11-12 2019-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,695 4,695 271 0.0280
2019-05-14 2019-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 0 -4,025 -100.00 0 -100.00
2019-02-07 2018-12-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 4,025 -3,725 -48.06 201 -55.13 0.0251
2018-11-14 2018-09-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 7,750 -35 -0.45 448 16.06 0.0484
2018-08-14 2018-06-30 13F DELTA AIR LINES INC DEL COM NEW 247361702 7,785 2,785 55.70 386 40.88 0.0281
2018-05-14 2018-03-31 13F DELTA AIR LINES INC DEL COM NEW 247361702 5,000 5,000 274 0.0212
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.