Delta lost $168 million, or 20 cents per share, in the second quarter because bets on oil prices went the wrong way.
The airline lost $561 million on wrong oil price bets that haven't settled yet.
If not for special items like that, Delta would have earned $586 million for the quarter, or 69 cents per share. Analysts surveyed by FactSet had been expecting net income of 68 cents per share.
Revenue rose 6 percent to $9.73 billion, better than analysts had expected.
Delta plans to cut third-quarter flying as much as 3 percent compared to the same period last year.
MORE HBJ HEADLINES
Everett Clinic to lease space in Frontier Building Boeing, SpaceX will beat Russia on price for astronaut rides Milk industry fights back against Ďanti-dairy folksí WikiLeaks slams Google over delay in revealing US warrants Govít to overhaul Medicare payments to doctors, hospitals Supreme Court knocks down promised health benefits for union retirees
Our new comment system is not supported in IE 7. Please upgrade your browser here.