Why Delta Air Lines (DAL) Stock Is Up Today

NEW YORK (TheStreet) -- Delta Air Lines (DAL) stock is spiking Wednesday after the company reported better-than-expected earnings on higher revenue and lower maintenance costs. 

By market open, shares had added 5.4% to $36.85. 

Over the three months to March, the company reported net income of 33 cents a share, 4 cents higher than analysts surveyed by Thomson Reuters had expected.

Revenue climbed 4.9% year over year to $8.92 billion, inline with expectations.

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TheStreet Ratings team rates DELTA AIR LINES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, solid stock price performance and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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