Delta Air Lines Posts $1.77 Billion Profit
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Delta Air Lines Inc., the nation's third-largest carrier, cited a 5.5 percent gain in sales as it reported Wednesday that it swung to a profit in the second quarter, which saw it emerge from bankruptcy after shaving billions of dollars in costs.
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Lufthansa AG made a net profit of 164 million euros (&#36;211 million) in the first nine months of 2004, reversing a loss of 409 million euros the year before on growth in the number of international passengers, the company said Wednesday.
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The airline, which exited bankruptcy in May, said profit was $244 million, shattering Wall Street expectations.
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Alaska Air Group Inc. earned $79.2 million in net income in the third quarter, making more money than financial analysts projected as traffic increased and it worked to cut costs.
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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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Net income for the third quarter rose to $177 million, compared with a loss of $78 million in the year-earlier period, as the carrier raised fares while reducing flights.
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US Airways Group Inc.  on Thursday reported a third-quarter profit compared with a year-earlier loss, topping expectations on strong demand and higher fares.
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Delta Air Lines Inc. said Wednesday it saw record sales on its Web site the day after it announced it was cutting its most expensive fares by up to half, but the struggling carrier did not reveal the effect of the move on overall revenues and earnings.
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Delta Air Lines Inc., the number three US carrier, said yesterday it has agreed to give its retired pilots an extra $719 million in unsecured claims in its bankruptcy case to help them recoup losses from the termination of the pilots' pension plan.
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Delta Air Lines said Wednesday that it would cut 6,000 to 7,000 jobs over the next 18 months as part of a sweeping restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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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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Desperately trying to stave off bankruptcy, Delta Air Lines state that it has received $600 million in financing from American Express Travel Related Services Co.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said today that it expected to lose as much as $675 million for the third quarter, and that it was burning cash at a steep rate.
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Pilots at Delta Air Lines Inc. on  Thursday ratified a concession package that will save the  carrier $1 billion a year, in a move the company hopes will buy  it time to restructure outside of bankruptcy.
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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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Delta Air Lines Inc. said yesterday it has obtained up to $600 million in new financing as it seeks to avoid bankruptcy. Delta shares surged on the news, climbing 54 cents, or 16.
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Alaska Air Group Inc. posted third-quarter net income of $79.2 million, or $2.94 per share, which compares with $40.7 million, or $1.