Delta gives Q1 2023 update with loss reported

Delta Air Lines reported adjusted operating revenue of $11.8 billion for the first quarter of 2023 (Q1 2023), a 45% increase year-on-year and 14% up on 2019. The carrier’s reported net loss of $363 million was much improved on the $940 million for Q1 2022. Operating income came to $546 million with the margin reported as 4.6%. Pre-tax income was $217 million and the margin 1.8%. Earnings per share (EPS) came to 25 cents. The end of the quarter left the carrier with operating cash flow of $2.9bn and free cash flow of a billion less. At the same time