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Delta Air Lines Posts Small 1Q Profit

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(credit: Karen Bleier/AFP

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MINNEAPOLIS (AP) — Delta Air Lines is reporting a small first-quarter profit, as passengers paid more to fly.

The world’s second-biggest airline says revenue rose even though it cut flying slightly.

Delta earned $7 million, or a penny per share. Not counting special items, it would have earned $85 million, or 10 cents per share — better than analysts had been expecting.

Revenue rose 1 percent to $8.5 billion, matching analyst expectations.

The first three months of the year are often money-losers for airlines. Delta says this was its best first-quarter profit in more than a decade.

Yield, which is one way to measure fares, rose 2.1 percent.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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