Delta Air Lines (DAL) kicked off airline earnings Thursday with first-quarter profit just beating views while revenue was slightly below targets. The carrier sees solid growth, cost curbs and tax cuts offsetting rising fuel expenses.
Earnings fell 4% to 73 cents a share, while revenue climbed 8% to $9.76 billion. Analysts had forecast EPS of 73 cents and revenue of $9.88 billion, according to Zacks Investment Research. Passenger capacity grew 2.7%.
Unit revenue rose 5%. Delta Air Lines...