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Analysts retain ‘Buy’ rating on Delta Airline (NYSE: DAL) despite losses in Q1 2023
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Delta Air Lines Inc. is a well-known name across the United States and is one of the largest global airlines. The company has garnered a positive response from brokers, with most analysts seem to be bulish the stock, following the release of its Q1 2023 earnings.
In Q1, Delta posted a net loss of US$363 million, or 57 cents per share, an improvement from the year-ago period, when the company reported a net loss of US$940 million or $1.48 per share as travel demand was still recovering.
Adjusting for one-offs, the company reported a net profilt of $163 million, or 25 cents per share, up from a loss of $748 million, or $1.23 per share, in the year-ago quarter. Delta said it loss in Q1 was partly because of a new four-year pilot contract that promises 34% pay rise.
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