Delta Air profit tops expectations; smaller unit revenue decline seen

April 14 Delta Air Lines Inc on Thursday
reported a first-quarter profit above analysts’ expectations and
forecast a smaller decline in passenger unit revenue for the
spring, promising to change its fall flight capacity if
necessary to improve the measure.

The Atlanta-based airline earned $946 million in the first
quarter.

On an adjusted basis, profit nearly tripled to $1.03
billion, or $1.32 per diluted share. Analysts on average
estimated Delta would earn about $1 billion, or $1.30 per
diluted share, according to Thomson Reuters I/B/E/S.


Delta also said its passenger revenue as measured against
flight capacity would decline between 2.5 percent and 4.5
percent in the second quarter, compared with a 4.6 percent drop
in the first quarter.

(Reporting by Jeffrey Dastin in New York; Editing by Lisa Von
Ahn)

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Source URL:http://www.reuters.com/article/delta-air-lines-results-idUSL2N17G2GY

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