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Delta Air Lines reports higher revenue, but weighed down by fuel, storms


(Reuters) - U.S. carrier Delta Air Lines Inc reported a 9.5 percent rise in quarterly revenue on Thursday, boosted by higher average fares and passenger traffic.However, the Atlanta-based carrier's net income fell to $547 million in the first quarter ended March 31 from $561 million a year earlier. Higher costs, including a spike in fuel prices and a $44 million negative impact from severe winter storms, weighed on its bottom line. Delta, the No. 2 U.S. airline by passenger traffic, reported earnings per share had remained flat at 77 cents. Total operating revenue for the first quarter ...

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First Published: Thu, April 12 2018. 17:03 IST