Delta Air Lines beats 1Q earnings expectations, meets revenue forecasts

IndustriesAssociated Press

Delta Air Lines Inc. (DAL) on Wednesday reported first-quarter profit of $746 million.

On a per-share basis, the Atlanta-based company said it had profit of 90 cents. Earnings, adjusted for non-recurring gains, were 45 cents per share.

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The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The airline posted revenue of $9.39 billion in the period, matching Street forecasts.

Delta shares have decreased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 2 percent. The stock has risen 36 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at http://www.zacks.com/ap/DAL

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Keywords: Delta Air Lines, Earnings Report, Priority Earnings