Delta Air Lines Reports $6.39 Billion Loss

Delta Air Lines Inc. has blamed the continuing rise of fuel prices and its failure to improve its market value for its reported $6.39 billion loss in the first quarter.

The loss saw Delta shares drop 69 cents in the first quarter to settle at $6.80 (NYSE: DAL). The drop was 20 cents more than what analysts had been expecting. Yet Delta, like many other airlines, has struggled to reach profitability with the spike in fuel prices.

Delta did see an increase in revenue of more than $500 million over the same period a year ago but that didn’t cover the $585 million increase in fuel costs from a year ago.

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