Quarterly losses to cast doubt on airline recovery
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Most of the largest U.S. airlines are likely to post fourth-quarter losses, possibly signaling the end of an industry recovery that began in 2006 and further building a case for mergers.
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Geneva - The world&#39;s major airlines were expected to rack up about $4.8 billion (R27.3 billion) in losses this year and would climb back to profit next year only if oil prices fell, the top industry body said yesterday.
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The world&#39;s major airlines are expected to rack up about $US4.8 billion ($A6.33 billion) in losses this year and will climb back to profit next year only if oil prices fall, the top industry body warned today.
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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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AMR, the parent of American Airlines, posted a smaller-than-expected fourth-quarter loss on Wednesday, but the results showed the industryâs continuing vulnerability to high fuel costs.
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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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The mixed results in its latest earnings report may get lost in the wording.
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NEW YORK, September 28  - The airline industry is expected to lose as much as $4 billion in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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Continental Airlines Inc. reported a $16 million third-quarter loss on Tuesday, including $22 million in special charges related to retirement of leased MD-80 aircraft, and said it expects to report losses in 2004 and in 2005 unless conditions improve.
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The troubled tech company releases an estimate of the damage it could sustain in the wake of the airline's bankruptcy filing.
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Soaring fuel prices and slowing economic growth are likely to wipe out much of the airline industryâs profits next year, despite steady increases in global demand for air travel.
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The airline narrowed its fourth-quarter loss to $8 million, beating Wall Streetâs forecasts despite higher fuel costs.
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Delta Air Lines Inc , the No. 3 U.S. carrier, on Wednesday posted a quarterly net loss on soaring fuel prices.
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Delta Air Lines Inc. DAL.N on  Thursday posted a sharply wider fourth-quarter loss as it  struggled with high fuel prices and low fares, and analysts  warned of an even bigger loss in the first quarter of 2005,  sending its shares down over 10 percent.
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United Airlines parent UAL Corp. suffered a loss of $274 million for the third quarter of this year, a smaller hit than it took in the same period of last year, when it lost $367 million.
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Independence Air&#39;s parent company reported a big loss yesterday, and industry analysts say the Northern Virginia airline could file for bankruptcy by January.
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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.