Delta Air Lines Posts Small 1Q Profit
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 This material may not be published, broadcast, rewritten or redistributed.)
