Delta Air Lines (DAL) reported Wednesday a loss in its first quarter, compared to prior year's profit, despite growth in revenues. Looking ahead for the second quarter, the company projects earnings with revenue growth.
In pre-market activity, the shares were gaining around 12.5 percent to trade at $73.80.
In the first quarter, net loss was $289 million or $0.44 per share, compared to prior year's net income of $240 million or $0.37 per share.
Adjusted net income was $423 million or $0.64 per share, compared to $291 million or $0.45 per share a year ago.
Operating revenue grew 13 percent to $15.85 billion from last year's $14.04 billion. Adjusted operating revenue was $14.20 billion, a growth of 9.4 percent last year.
Looking ahead for the second quarter, the company projects earnings per share of $1.00 to $1.50, with total revenue growth in low-teens.
The company said it expects June quarter pre-tax profit of around $1 billion, on a more than $2 billion increase in fuel expense at the forward curve.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.