UPDATE: Delta Air Lines Reports Lower-Than-Expected Q1 Loss

Delta Air Lines Inc DAL reported lower-than-expected Q1 loss. The company reported a Q1 net loss at $318 million, or $0.38 per share, versus a loss of $256 million, or $0.31 per share, in the year-earlier period. However, analysts estimated a loss of $0.50 per share. DAL's operating revenue increased 13% to $7.75 billion. DAL shares gained 2.56% to $9.23 in pre-market trading. Read more from Benzinga's Company news.