Will These Earnings Put Delta’s Top Institutional Shareholders’ Worries to Rest?

Delta Airlines (NYSE:DAL): Its been a strong quarter for airlines, and Delta is leading the charge with its strongest quarterly results in a decade. Earnings per share of $0.10 beat estimates by $0.03, equating to a $124 million improvement in the year-over-year. Revenue of $8.5 billion just missed estimates by $0.01 billion. While the company’s investment in an oil refinery has not yet paid off, it appears that the rest of the Delta’s financial bricks are falling into place.

These institutional firms indicated owning shares of Delta Air Lines Inc.  in Q1 2013. They reported owning a total of 117.823 million shares on 03/31/2013. The shares closed at $16.51 on 03/31/2013.

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Here are the ten largest positions in Delta Air Lines Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 44,322,634 shares on 03/31/2013 worth $731,766,697. This brought the portfolio total to 0.08%.

Blackrock Institutional Trust Company N.A. held 19,247,458 shares on 03/31/2013 worth $317,775,536. This brought the portfolio total to 0.07%.

Alliancebernstein L.P. held 12,114,951 shares on 03/31/2013 worth $200,017,844. This brought the portfolio total to 0.22%.

Blackrock Advisors LLC held 7,303,438 shares on 03/31/2013 worth $120,579,763. This brought the portfolio total to 0.12%.

Blackrock Fund Advisors held 6,979,682 shares on 03/31/2013 worth $115,234,551. This brought the portfolio total to 0.04%.

Bank of New York Mellon Corp. held 3,701,970 shares on 03/31/2013 worth $61,119,526. This brought the portfolio total to 0.02%.

Blackrock Group Ltd held 3,320,053 shares on 03/31/2013 worth $54,814,076. This brought the portfolio total to 0.04%.

Douglas C. Lane & Associates Inc. held 3,035,625 shares on 03/31/2013 worth $50,118,169. This brought the portfolio total to 2.05%.

Blackrock Investment Management LLC held 2,112,850 shares on 03/31/2013 worth $34,883,154. This brought the portfolio total to 0.06%.

Chicago Equity Partners LLC held 1,975,470 shares on 03/31/2013 worth $32,615,010. This brought the portfolio total to 1.02%.

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