Delta Air Lines posted a record $12.8 billion in revenue in the first quarter of the year, as demand for air travel soared and travelers paid more for flights and premium seats.
But the company still reported a quarterly net loss of $363 million, a smaller loss than the first quarter of last year, after making one-time payouts to pilots, who had not gotten a raise in more than three years.
The bonuses to pilots amounted to $735 million and came from a new contract that assured the airline would not endure a potentially devastating strike.
