Delta Air Lines’ share in the pre-conference trading jumped 6%, as the airline announced lower-than-expected losses in the first quarter and revenues that were much higher than expected.
The company reported a net loss of $ 940 million or $ 1.48 per share, compared to earnings of 730 million euros or $ 1.09 per share in the pre-pandemic period in 2019.
Excluding contingencies, adjusted losses per share stood at $ 1.23 versus estimates at $ 1.26.
The total revenue of 9.35 billion dollars corresponds to 89.3% of the revenue for the corresponding period of 2019, but was higher than the estimates for 8.77 billion dollars.
The tonnage ratio decreased to 75% from 83% in the 2019 period, and was lower than expected by 78.8%.
For the second quarter, Delta expects revenue that is at 93% -97% of the level of 2019, while estimates for revenue, at 11.36 billion dollars, are at 90.6% of the level of 2019.
Source: Capital
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