Delta Air Lines rises after Q1 profit beat

Shares of Delta Air Lines DAL.N rise 2.7% to $36.83 premarket

Carrier posts Q1 adjusted EPS of $0.46, above analysts' estimate of $0.38 - data compiled by LSEG

Delta expects its Q2 profit in the range of $1.70/shr to $2.30/shr, the mid-point of which is below the estimate of $2.30/shr, as tariffs stall travel demand

Company expects its total revenue in Q2 to be down 2% to up 2% from a year ago

"With broad economic uncertainty around global trade, growth has largely stalled" - CEO Ed Bastian

DAL holds a trailing 12-month PE ratio of 6.57, above the industry median of 5.14

Shares down 41% this year and down 50% from their 52-week high

Shares of rival United Airlines UAL.O also down 42% YTD