Why Delta Stock Rose Despite Q1 Loss?
April 14 2022 - 09:04AM
TipRanks
Delta Air Lines (DAL) stock jumped more than 6.2% to close at
$41.02 on Wednesday, after the company reported Q1 2022 results
that investors generally liked despite continuing losses. Delta is
an American global airline, flying passengers and cargo. Although
the airline industry is still dealing with COVID-19 pandemic
economic shocks, Delta’s business is recovering. The company
reported revenue that far exceeded Wall Street expectations. While
it is still making losses, Delta posted a loss that was lower than
what analysts' expected. Q1 Earnings Numbers at a Glance The
revenue of $9.35 billion surpassed the consensus estimate of
$8.
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Delta Air Lines (NYSE:DAL)
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