ATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Thursday reported a loss of $408 million in its fourth quarter.
The Atlanta-based company said it had a loss of 64 cents per share. Earnings, adjusted for one-time gains and costs, were 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The airline posted revenue of $9.47 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $9.23 billion.