Delta Air Lines' first quarter results beat analysts’ estimates.
The airline raked in earnings of 96 cents a share on an adjusted basis, compared to analysts’ expectations of 90 cents (based on Refinitiv survey). Revenue for the quarter came in at $10.47 billion, surpassing estimates of $10.42 billion.
President Glen Hauenstein mentioned the company’s “customer-focused commercial initiatives” as a strong reason behind customer loyalty and revenue.
Delta could avoid the fallout from the grounding of Boeing 737 MAX jets, which have forced other carriers to cancel flights and switch to other types of aircrafts.
Hauenstein said that the company now expects full-year revenue growth of 5% to 7%, which is an upward revision from its prior projection.