Delta Reports Loss On Fuel Costs But Expects 2q Gains

twocents@thestreet.com (Ted Reed), The Street
Wed, 04/25/2012 - 5:32am

ATLANTA (TheStreet) -- Delta reported a first-quarter loss as fuel costs increased by $250 million, but projected gains in the current quarter. Excluding items, the carrier lost $39 million, or 5 cents a share, in line with estimates. Revenue rose 9% to $8.4 billion, also in line with estimates. Including $163 million in special items, primarily $151 million in mark-to-market gains for fuel hedges, Delta reported first-quarter net income of $124 million.

Topics: atlanta thestreet delta excluding including dal transportation click loss gains fuel costs million reported line first-quarter items carrier estimates

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Delta Reports Loss On Fuel Costs But Expects 2q Gains

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