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Delta posts strong earnings in tough quarter for US airlines

·1 min

Delta Air Lines announced strong earnings for the first quarter, surpassing Wall Street’s predictions. The company reported adjusted earnings of $380 million, up 75% from the previous year. Despite a 2% decline in average revenue per mile, Delta achieved a record revenue of $12.6 billion. The airline expects to see record revenue in the second quarter but anticipates thinner profit margins. It aims to reach full-year earnings per share of $6 to $7. Delta has been less affected by Boeing’s issues compared to its competitors. Concerns about airline safety have risen, but Delta prioritizes safety.