Delta Air Lines reports huge loss for third quarter
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Delta Air Lines continued its downward spiral toward bankruptcy Wednesday as the company reported a net loss of $646 million for the third quarter.
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The third-quarter losses loomed largest at Delta Air Lines Inc., which faces bankruptcy unless it can quickly win concessions from its pilots and debt holders.
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Delta Air Lines Inc. DAL.N on Friday  forecast a much wider third-quarter loss than Wall Street had  estimated because of weak domestic fares and a spike in fuel  costs, driven by record-high oil prices.
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US airlines dived deep into losses in the third quarter, stalling under the pressure of record fuel prices and near-lethal competition from budget carriers.
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American Airlines' parent AMR Corp.  AMR.N on Wednesday posted a third-quarter loss as record-high  oil prices battered the bottom line of the world's largest  airline.
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Delta Air Lines Inc., the third- largest US carrier, said its third-quarter net loss widened to as much as $675 million because of higher fuel prices and lower average ticket prices.
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AMR Corp., the parent company of American Airlines Inc., on Wednesday said the company lost $214 million in the third quarter, an announcement that has pilots worried about layoffs.
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Continental Airlines on Tuesday posted a third quarter loss and said it sees itself losing money in 2005 as well. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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In what could be its final quarterly financial update before filing for Chapter 11, Delta Air Lines Inc. has reported a net loss of $646 million on $3.
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Three of America&#39;s largest airlines have reported a combined 906 million dollars US in third-quarter losses. The largest by far was at Delta Air Lines, where bankruptcy looms unless it can quickly win concessions from its pilots and debt holders.
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Delta Air Lines Inc. on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.
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AMR Corp., parent of American Airlines -- the biggest air carrier in the United States, reportedon Wednesday a big loss of 214 million US dollars in the third quarter of this year and warned of worse scenarios ahead.
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ATLANTA Â Delta Air Lines, the nationâs No. 3 carrier, said Wednesday that it was hampered by high fuel prices in the fourth quarter but was able to narrow its loss because of a solid increase in sales.
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Delta Air Lines Inc., the No. 3 U.S. carrier, said on Wednesday it is cutting its airfares by as much as 50 percent for travel in the continental United States.
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ATLANTA - Delta Air Lines is reporting a much wider third-quarter loss despite a rise in revenue. The Atlanta-based airline warned Wednesday that its financial situation has worsened to the point that it needs
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Delta Air Lines Inc., the No. 3 U.S. carrier struggling to avoid bankruptcy, has slashed its U.S. fares, an industry analyst said, in a move industry watchers fear could trigger a price war.
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Delta Air Lines DAL.N on Thursday  said its fourth-quarter loss mushroomed as it struggled with  high fuel prices and low fares, and analysts warned they see a  wider loss in the first quarter of 2005.