Delta Misses, Sees Revenue Improvements - TheStreet

Delta Misses, Sees Revenue Improvements

Delta missed fourth-quarter expectations but said it expects to produce unit revenue improvements during every month of 2010.
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ATLANTA (

TheStreet

) --

Delta

(DAL) - Get Report

missed expectations but said it expects to produce unit revenue improvements during every month of 2010.

Excluding items, the carrier lost $225 million, or 27 cents a share, in the fourth quarter. Analysts surveyed by Thomson Reuters had estimated a loss of 24 cents a share. Revenue rose 1% to $6.8 billion; analysts had estimated $6.9 billion.

The net loss was $25 million, or 3 cents a share.

"Delta is now positioned to capitalize on the economic recovery under way and expects to generate positive RASM improvements each month of the year," said CEO Richard Anderson, in a prepared statement.

-- Written by Ted Reed in Charlotte, N.C.

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