ATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Wednesday reported a first-quarter loss of $534 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had a loss of 84 cents. Losses, adjusted for non-recurring costs, came to 51 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.
The airline posted revenue of $8.59 billion in the period.
Delta shares have fallen 61% since the beginning of the year, while the Standard & Poor’s 500 index has dropped 15%. The stock has fallen 60% 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 https://www.zacks.com/ap/DAL
The Associated Press