Shares of Delta Air Lines Inc. $(DAL)$ dropped 1.1% in premarket trading Wednesday, after the air carrier missed first-quarter profit expectations, as economic uncertainty around global trade has caused growth to stall.
Net income rose to $240 million, or 37 cents a share, from $37 million, or 6 cents a share, in the year-ago period. That missed the FactSet consensus for earnings per share of 38 cents.
Total revenue grew 2% to $14.04 billion, above the FactSet consensus of $13.85 billion.
The company said it expects EPS for the current second quarter of $1.70 to $2.30, compared with the current FactSet consensus of $2.21. Delta also projects second-quarter total revenue growth of down 2% to up 2%, while the current FactSet revenue consensus of $16.58 implies a 0.5% decline.
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-Tomi Kilgore
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April 09, 2025 06:39 ET (10:39 GMT)
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