5 Stocks Making Headlines After Releasing Their Financial Results

4. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 47

Shares of Delta Air Lines, Inc. (NYSE:DAL) rose over six percent on Wednesday, April 13, 2022, after posting a narrower-than-expected loss for the first quarter. The Georgia-based airline attributed the results to solid demand, reopening of offices and easing travel restrictions.

Delta Air Lines, Inc. (NYSE:DAL) reported an adjusted loss of $1.23 per share and revenue of $9.35 billion. The results were better than the consensus of $1.27 per share for loss and $8.92 billion for revenue.

Moving forward, Delta Air Lines, Inc. (NYSE:DAL) expects to turn a profit for the current quarter amid rising bookings and fares that are helping the company offset increasing fuel prices.

Speaking on the results, CEO Ed Bastian said:

“With a strong rebound in demand as omicron faded, we returned to profitability in the month of March, producing a solid adjusted operating margin of almost 10 percent.  As our brand preference and demand momentum grow, we are successfully recapturing higher fuel prices, driving our outlook for a 12 to 14 percent adjusted operating margin and strong free cash flow in the June quarter.”