Delta Air Lines posts loss on fuel spike
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Delta Air Lines Inc , the No. 3 U.S. carrier, on Wednesday posted a fourth-quarter net loss on skyrocketing fuel prices that have also hammered its rivals.
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HOUSTON - Continental Airlines said Tuesday that rising oil costs and $280 million in federal transportation, security and airport fees charged on passenger tickets drove the carrier to post a loss in the third quarter.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said yesterday that it expected to lose as much as $675 million for the third quarter and that it was using cash at a steep rate.
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Three airlines â Northwest, JetBlue and AirTran Holdings â posted fourth-quarter losses on Tuesday as rising fuel costs erased gains from fare increases.
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Delta Air Lines makes a $646m quarterly loss, increasing pressure on the airline as it attempts to ward off insolvency.
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Delta Air Lines DAL.N, which has  narrowly avoided bankruptcy in the past few months, on Thursday  said its fourth-quarter loss mushroomed as it struggled with  high fuel prices and low fares stemming from tough competition.
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Continental Airlines (CAL.N: Quote, Profile, Research) posted a third quarter loss on Tuesday, as high fuel prices caused it to reverse course from a year ago when it was in the black.
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Delta Air Lines Inc. DAL.N, fighting  to avoid bankruptcy, will issue up to 75 million shares to  employees and creditors. The news sparked a 5 percent drop its  stock on Wednesday.
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US Airways Group Inc. (UAIRQ.OB: Quote, Profile, Research) on Thursday reported a wider third-quarter net loss as storms and high fuel prices penalized results.
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Northwest Airlines Corp. , the No. 4 U.S. air carrier, on Wednesday posted a quarterly loss, versus a profit a year earlier, as high fuel prices and low fares weighed on the industry.
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Several analysts gave Delta Air Lines slim chances of averting bankruptcy after Cincinnati&#39;s dominant airline reported a whopping $646 million loss and an alarmingly low $1.
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FuelCell Energy reports a better-than-expected quarterly loss.
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Delta Air Lines Inc., which is transforming its business to reduce costs and attract more fliers, blamed high fuel prices, low fares and hefty charges as it reported a $2.2 billion fourth quarter loss that was much steeper than a year ago.
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Blame it on Charlie. And Frances, Ivan and Jeanne. Delta Air Lines (nyse: DAL - news - people ) Wednesday reported that third-quarter losses widened on weak domestic yields and lower passenger revenue.
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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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UAL (UALAQ.OB:OTC BB - news - research) and US Airways (UAIRQ.OB:OTC BB - news - research) weighed in with hefty third-quarter losses Thursday as industry overcapacity and stratospheric fuel prices continued to generate red ink while the carriers operated
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The twin burdens of soaring fuel prices and slipping airfares clobbered the airline industry again in the third quarter, leaving three of the top four U.S. carriers to post quarterly losses on Wednesday.