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Delta: 1Q Earnings Snapshot

Last Updated Apr 22, 2020 at 4:34 am PDT

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.

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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 https://www.zacks.com/ap/DAL

The Associated Press