Delta shares slide on disappointing revenue

Delta Air Lines shares retreated Monday after the world's largest carrier announced second-quarter profit that beat Wall Street estimates, but revenue that fell short of expectations.

Atlanta-based Delta (DAL, Fortune 500) announced a quarterly profit of $549 million, or 65 cents per share -- 2 cents better than expected by analysts polled by Thomson Reuters.

Delta was the first major airline to announce its second-quarter results, and analysts were looking to the company for signs that business travelers and consumers have ramped up their travel spending after the worst of the recession cut deeply into airlines' revenue last year.

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- Posted: 2010-07-19 13:04:26

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