Delta Air Beats Q1, Mixed Q2 Outlook

Delta Air Lines posted Q1 EPS $0.64 beating $0.61 estimate and revenue $14.2bn surpassing $13.97bn consensus.
Operating income reached $652m with 4.6% margin, while the airline trimmed Q2 capacity growth by about 3.5 percentage points.
Delta guided Q2 EPS $1.00‑$1.50 (below $1.70 estimate) and low‑teens revenue growth, assuming $4.30/gal fuel price with $300m refinery benefit.
Shares jumped over 10% after results, boosted by U.S.–Iran ceasefire news that drove oil prices lower and lifted airline stocks.