Company News: Delta Air Lines (DAL) posts smaller-than-expected quarterly loss

Market news

22 April 2020

Company News: Delta Air Lines (DAL) posts smaller-than-expected quarterly loss

Delta Air Lines (DAL) reported Q1 FY 2020 loss of $0.51 per share (versus earnings of $0.96 per share in Q1 FY 2019), better than analysts' consensus estimate of a loss of $0.82 per share.

The company's quarterly revenues amounted to $8.592 bln (-18.00% y/y), missing analysts' consensus estimate of $9.333 bln.

DAL rose to $23.53 (+1.86%) in pre-market trading.

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