Delta Air Lines (NYSE: DAL) reported Q4 EPS of $0.82, in-line with the analyst estimate of $0.82. Revenue for the quarter came in at $9.46 billion versus the consensus estimate of $9.4 billion.

"Delta had a year of record-breaking performance in 2016 – financially, operationally and for our customers – and it's an honor to recognize our employees' efforts this year with over $1 billion in profit sharing," said Ed Bastian, Delta's chief executive officer. "As we move into 2017, we are seeing our unit revenues turn positive which should return the company to margin expansion by the back half of the year. This will allow us to produce the solid returns and cash flows that investors rely upon from Delta."

March 2017 Quarter Guidance

For the March quarter, Delta is expecting pressures on margins as the pace of change in unit revenue will not match the cost impact of higher fuel prices and employee wage increases. This margin pressure is likely to peak in the March quarter, and the company expects margins to expand beginning in the second half of the year.

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