Delta Air gains after raising Q1 revenue expectations

Shares of Delta Air Lines DAL.N rise 3.3% to $62.9 premarket

DAL raises Q1 revenue forecast citing strong consumer and corporate demand trends in March with strength across its main, premium and loyalty revenues

Expects Q1 revenue to grow at a high single-digit percentage, compared with its earlier forecast of 5% to 7%

Says it expects Q1 profit within its initial forecast range amid high jet fuel prices due to the conflict in the Middle East

Co had forecast adjusted profit per share in the range of 50 cents to 90 cents

Adds, it is well-positioned to navigate current environment and ready to tweak capacity if fuel prices stay elevated

As of last close, DAL down 12.3% YTD