Delta Air Lines loses $940 million in Q1, but bookings, revenue, surge
Delta Air Lines lost $940 million in the first quarter yet bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them.
Shares jumped more than 6% before the opening bell Wednesday on strong revenue numbers.
The Atlanta airline still faces stiff headwinds, including a sharp rise in fuel and labour costs. And it is not clear whether spiking inflation will throttle travel spending.
On Tuesday, the US reported that inflation in the past year rose at its fastest pace in more than four decades, led by soaring fuel costs, which is the second largest input costs for airlines after labour.
