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

By DAVID KOENIG
AP Airlines Writer

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. And while revenue for the quarter was surprisingly strong, the Atlanta airline faces stiff headwinds, including a sharp rise in fuel and labor costs. But CEO Ed Bastian says bookings in the last five weeks have set a record, which he thinks shows that American are done with the pandemic and want to reclaim their previous lifestyles. Delta’s shares ended up more than 6% Wednesday.