Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue.
But the airline predicted it will make a bigger-than-expected profit in the current second quarter, which includes the start of the key summer travel season.
Airlines are getting a tailwind from the combination of strong demand and limited flights, which has pushed fares higher. But investors were spooked this week when industry analysts warned that growth in airline bookings has slowed down compared with this time last year.
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