The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) has surprised us by reporting first quarter 2012 adjusted loss of 5 cents per share, in line with the Zacks Consensus Estimate. Fare hikes and ongoing cost-cutting measures fully offset surging fuel prices.
Adjusted loss per share excludes gains of 18 cents from fuel hedging and 2 cents from other streamlining actions. Including these gains, earnings per share jumped to 15 cents in the quarter from the loss of 38 cents in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards