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Delta posts $794 million 1Q loss

 In this April 2, 2009 photo, a Northwest Airlines airplane is pulled up to a Delta gate at the Minneapolis St. Paul International Airport in Minneapo...
 In this April 2, 2009 photo, a Delta Air Lines airplane is moved along the tarmac at the Minneapolis St. Paul International Airport in Minneapolis, M...

Earns Delta

In this April 2, 2009 photo, a Northwest Airlines airplane is pulled up to a Delta gate at the Minneapolis St. Paul International Airport in Minneapo...

Earns Delta

In this April 2, 2009 photo, a Delta Air Lines airplane is moved along the tarmac at the Minneapolis St. Paul International Airport in Minneapolis, M...

Delta Air Lines says it was hit hard by the weak economy in the first quarter, but narrowed its net loss to $794 million.
Delta said Tuesday the loss for the three months ended March 31 was 96 cents a share, and compares to a loss of $6.39 billion, or $16.15 a share, for the same period a year ago.
Revenue increased 40 percent to $6.68 billion, but that was skewed by Delta's acquisition of Northwest Airlines in October. In the year-ago quarter, before the acquisition, Delta posted revenue of $4.77 billion.
Analysts polled by Thomson Reuters, who generally exclude one-time items from their estimates, expected Delta to post a loss of $1.01 per share for the first quarter on sales of $6.7 billion.