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Tribune News Service
Tribune News Service
Business
Kelly Yamanouchi

Delta posts $940 million Q1 loss, but sees strong recovery underway

Delta Air Lines posted a $940 million net loss for the first quarter of the year, battered by the omicron surge and higher fuel costs.

The loss wasn't unexpected as Atlanta-based Delta predicted the first quarter would be in the red because of COVID-19 impacts. But the carrier said it expects to be profitable the rest of the year.

Some of that reported loss also stems from soaring personnel costs as Delta hired thousands in recent months to accommodate surging travel demand.

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