Delta Air Lines announces first quarter results

Delta’s net loss for the March 2011 quarter was $318 million which includes $2 million of special items. Driven by the $610 million impact of 30% higher fuel prices, Delta’s net loss was $128 million worse than the March 2010 quarter, excluding special items. Delta generated $452 million in free cash flow for the quarter and its adjusted net debt at quarter end was $14.5 billion.