Delta Posts Strong Q1 Earnings Despite Flat Airfares, But Future Growth Faces Headwinds

• Delta reported much improved $380 million in adjusted earnings for the quarter, up 75% from a year earlier

• Revenue hit a first quarter record of $12.6 billion, up 6%, despite flat airfares

• Delta predicts record revenue for Q2 but lower profit margins overall for the year

• CEO says demand is strong, with 11 busiest booking days ever, but rising safety concerns could hit bookings

• Future Boeing 737 Max 10 deliveries in doubt after recent incidents; Delta CEO not counting on them arriving on schedule