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Earnings Results: Delta’s stock turns red after airline provides strong outlook but misses profit forecast

Earnings Results

Delta swings to an adjusted profit but comes up shy of expectations, while revenue rises above forecasts

Delta CEO Ed Bastian said he is confident about 2023 guidance given a solid first quarter and a strong second-quarter outlook.

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Shares of Delta Air Lines Inc. reversed lower Thursday, after first-quarter profit came up shy of expectations even as revenue rose above forecasts, and as the air carrier said its current quarter was off to strong start.

The company reported before the opening bell a net loss that narrowed to $363 million, or 57 cents a share, from $940 million, or $1.48 a share, in the same period a year ago.


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