ATLANTA (AP) — Both passenger and cargo revenue improved as Delta’s first-quarter performance beat Wall Street’s expectations.
For the three months ended March 31, the airline made $547 million, or 77 cents per share. A year earlier, the Atlanta-based company earned $561 million, or 77 cents per share.
Adjusted for one-time gains, earnings were 74 cents per share. That’s a penny above what analysts surveyed by Zacks Investment Research expected.
Revenue rose to $9.97 billion from $9.1 billion. That’s better than the $9.88 billion that analysts polled by Zacks forecast.
Going forward, Delta Air Lines Inc. anticipates second-quarter earnings in a range of $1.80 to $2 per share.
Shares climbed slightly on Thursday morning.