Delta Air Lines
beat Wall Street’s revenue estimates in the first quarter and reported a loss of $1.85 a share, beating forecasts for a loss of $2.07.
More important, Delta (ticker: DAL) turned cash-positive in March and expects to break even on an operating basis in June, with profitability returning in the third quarter.
Delta’s stock doesn’t appear to be reacting positively, however. Shares were down 2.5% in recent trading, at around $47. The
was up 0.7%.
Delta’s first-quarter results were somewhat mixed. Revenue came