Big 3 Airlines Report Combined $911M Loss
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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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American Airlines' parent AMR Corp.  AMR.N on Wednesday posted a third-quarter loss as record-high  oil prices battered its bottom line and threatened to make  fourth-quarter losses even larger.
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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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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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Continental Airlines (CAL.N: Quote, Profile, Research) on Tuesday posted a third-quarter loss, reversing a year-earlier profit amid record-high fuel prices, and warned
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The global airline industry is forecast to have made net losses of $4.8bn this year, as the rise in the oil price has overwhelmed efforts by carriers to cut costs.
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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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Between them, the three carriers have cut back the value of their long distance networks by $18.4 billion (AT&amp;T&#39;s writedown was $11.
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Delta Air Lines&#39; losses deepened in the third quarter as soaring fuel costs, sinking fares and a succession of hurricanes combined to push the company closer to bankruptcy.
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Northwest Airlines Corp. reported a bigger-than-expected fourth-quarter loss of $420 million on Wednesday, and blamed high fuel costs and fare cuts by competitors.
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Three of the nation's largest airlines announced steep cost and job cuts yesterday in an effort to return to profitability and better position themselves for long-term survival.
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Delta Air Lines Inc. reported a wide third-quarter loss Wednesday despite a rise in revenue, missing Wall Street&#39;s already reduced expectations.
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Northwest Airlines lost $38 million in the third quarter, but the loss was significantly less than many analysts predicted and far less than the red ink spilling from some other major airlines.
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Delta Air Lines Inc., struggling to avoid a bankruptcy filing, had a third-quarter net loss of $646 million because of a drop in US airfares, higher jet-fuel costs and flight disruptions from Florida hurricanes.
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The parent of United Airlines posted a loss of $274 million, or $2.38 a share, compared with a loss of $367 million, or $3.47 a share, a year ago.
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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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MONTREAL: The global airline industry stands to incur losses of between $US3 billion ($NZ4.6 billion) and $US4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport