DAL Reports First Pre-Tax Profit Since Pandemic Struck

DAL Reports First Pre-Tax Profit Since Pandemic Struck

Delta Air Lines (DAL) reported a narrower-than-expected adjusted loss for the second quarter. Earnings and revenue both surpassed analysts' estimates driven by a rebound in business travel and the reopening of international markets.

Shares of the U.S. legacy airlines were down 1.6% on July 14 to close at $40.68.

The company reported an adjusted loss of $1.07 per share, beating analysts' expectations of a loss of $1.40 per share. Revenues of $7.13 billion exceeded the consensus estimate of $6.2 billion.