Strong quarter for Delta Air Lines

|About: Delta Air Lines, Inc. (DAL)|By:, SA News Editor

Delta Air Lines (DAL) beat analyst estimates with its Q4 report as higher fares and lower fuel costs proved to be a winning combination.

Passenger revenue was up 6.1% during the quarter, while cargo revenue fell 1%.

The Trainer refinery operated at a $46M loss, but helped Delta lower its average jet fuel price to $3.05 per gallon.

Looking ahead, the company expects to see "significant" margin expansion in Q1.

DAL +3.5% premarket