Delta narrows losses by more than half, expects 2Q2010 profits
As expected, Delta reflected the continued optimism felt in the industry since the fourth quarter, reporting stronger revenue during 1Q2010 when it posted a USD256 million net loss or USD0.31 per share. The results significantly narrowed its losses from the USD794 million, or USD0.96 a share, a year earlier. The big news is that it expects to be strongly profitable in the second quarter, despite the trans-Atlantic volcanic disruption.
