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Delta Air Lines 1Q soars
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October 15, 1998: 1:08 p.m. ET
Carrier posts 28.7% earnings climb as passenger traffic rises, cargo falls
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NEW YORK (CNNfn) - Delta Air Lines Inc. reported a 28.7-percent jump in fiscal first-quarter net income Thursday as passenger traffic offset a decline in cargo business.
In the latest period, net income rose to $327 million, or $4.16 a share, from $254 million, or $3.26 a share. Analysts were expecting only $3.95 a share, according to First Call.
Revenue rose to $3.8 billion from $3.55 billion a year earlier.
Specifically, passenger traffic rose 6 percent while revenue increased 7 percent. Higher capacity contributed to the pickup in revenue.
Cargo revenue declined 2 percent.
Shares of Delta (DAL) were up 3/16 at 86-11/16. 
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Delta Air Lines
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