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Delta: 4Q Earnings Snapshot

·1 min read

ATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Thursday reported a fourth-quarter loss of $755 million, after reporting a profit in the same period a year earlier.

The Atlanta-based company said it had a loss of $1.19 per share. Losses, adjusted for non-recurring gains, came to $2.53 per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $2.43 per share.

The airline posted revenue of $3.97 billion in the period, which topped Street forecasts. Nine analysts surveyed by Zacks expected $3.75 billion.

Delta shares have risen nearly 1% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. The stock has declined 32% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at https://www.zacks.com/ap/DAL