Delta Air Lines Inc. said its first-quarter normalized net income was 46 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.
EPS increased 43.8% year over year from 32 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $379.4 million, a gain of 39.2% from $272.5 million in the prior-year period.
The normalized profit margin increased to 4.0% from 3.1% in the year-earlier period.
Total revenue grew 5.3% year over year to $9.39 billion from $8.92 billion, and total operating expenses grew year over year to $8.57 billion from $8.21 billion.
Reported net income rose 248.6% on an annual basis to $743.4 million, or 90 cents per share, from $213.3 million, or 25 cents per share.
