Delta loses $940 million in Q1, but bookings, revenue, surge

A Delta Airlines aircraft taxi's, Thursday, Dec. 2, 2021, at Hartsfield-Jackson Atlanta International Airport, in Atlanta. (AP Photo/Mike Stewart)

Delta Air Lines lost $940 million in the first quarter yet bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them.

Shares jumped more than 6% before the opening bell Wednesday on strong revenue numbers.

The Atlanta airline still faces stiff headwinds, including a sharp rise in fuel and labor costs. And it is not clear whether spiking inflation will throttle travel spending.