Shares of Delta Air Lines (NYSE: DAL) jumped 6% on Wednesday after the company reported a smaller-than-expected quarterly loss in its first quarter. Though the airline reported a net loss of $940 million in the last quarter, the Delta still expects to be profitable for the rest of this year.
Delta reported $9.35 billion in revenue in the quarter ended March 31, more than double its revenue from first quarter of last year. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March. Delta reported losses of $1.23, which was better than the $1.27 losses expected.
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