Delta tops 1Q expectations despite $90 million revenue hit from a wave of winter storms

CP28099394
FILE - In this Oct. 8, 2012 file photo, a Delta Air Lines airplane is parked at Seattle-Tacoma International Airport in Seattle. Delta reports quarterly earnings on Wednesday, April 23, 2014. (AP Photo/Ted S. Warren File)

DALLAS – Delta is making more money by filling more seats on its planes and fuel costs inch downward from last year.

Delta Air Lines Inc. said Wednesday that net income in the first quarter was $213 million, up from $7 million a year earlier.

Excluding items such as restructuring costs, Delta earned 33 cents per share. Analysts were expecting 29 cents per share.

Revenue is up 5 per cent to $8.92 billion, matching analyst forecasts.

Passengers did 4 per cent more flying than in the same period last year even though bad weather caused Delta to cancel more than 17,000 flights in January and February. The storms cut Delta’s revenue by $90 million.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles