Delta Air Lines sees Q1 revenue up 4%-4.5% from prior year, consensus $8.58B

Delta sees "a profitable March quarter" with operating margin 2.5-3.5%, which would be an improvement over prior year's quarter, the company said in an investor update in a regulatory filing made prior to the open. Q1 non-fuel unit costs are forecasted to increase by 5%-6% versus prior year, which is an improvement from previous guidance as a result of better than expected savings from Delta’s structural cost initiatives. Delta projects Q1 economic fuel price of $3.23-$3.28 per gallon, including taxes, settled hedges and refinery impact. Delta shares fell 5.8% to $15.30 in early trading.

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