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

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.

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.

_____

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

_____

Keywords: Delta Air Lines, Earnings Report, Priority Earnings