Delta: Q1 Earnings Snapshot
ATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Thursday reported a loss of $1.18 billion in its first quarter.
On a per-share basis, the Atlanta-based company said it had a loss of $1.85. Losses, adjusted for one-time gains and costs, were $3.55 per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of $3.08 per share.
The airline posted revenue of $4.15 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $3.82 billion.
Delta shares have risen 20% since the beginning of the year, while the S&P’s 500 index has climbed nearly 10%. The stock has risen 96% in the last 12 months.