Delta Reports Better Than Expected Q1, Loses $0.38 Per Share
Apr 26, 2011
Delta Air Lines (NYSE:DAL) reported a Q1 loss of $0.38, a narrower loss than the $0.50 per share consensus estimate. Revenue was up 13% year-over-year to $7.7 billion, beating the consensus estimate for $7.6 billion.
Richard Anderson, Delta's chief executive officer said, "Fuel is the biggest challenge facing this industry and Delta is actively reducing capacity, implementing fare actions, hedging our fuel needs and attacking our cost structure in order to offset fuel's impact on our earnings. These actions would not be possible without the dedication and determination of Delta people worldwide, who are working every day to build the best airline in the world for our shareholders, our employees and our customers."