DELTA AIR LINES Q1 RESULTS

Delta Air Lines reported a first-quarter loss of $318 million yesterday, from a $256 million loss in the same period last year. Total first-quarter operating revenue rose 13% to $7.75 billion; Delta estimated that severe winter weather and events in Japan took $90 million and $35 million, respectively, off of passenger revenues for the period. Operating expenses climbed 16% to $7.84 billion and Delta had an operating loss of $92 million compared to income of $68 million a year ago. Consolidated yield, including regional flying, rose 12% to 15.32 cents on a 1% increase in traffic to 42.9 billion RPMs.