Delta Auditor Concerned About Airline
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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday its auditors have expressed doubt about the airline&#39;s financial viability.
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As financial troubles roil three major airlines that carry nearly half of passengers at Logan International Airport, travelers aren't the only ones worried.
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US Airwaysâ chief criticized Deltaâs creditors committee for overstating concerns about a merger.
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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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Atlanta (Sept. 17, 2004) -- Delta Air Lines said that its independent auditor has raised doubts about its financial viability and revised its annual report to include the possibility of a Chapter 11 bankruptcy.
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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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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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Business & money: Airline says environmental campaigns against low-cost flying are affecting demand.
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Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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Delta Air Lines revised its annual report yesterday to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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As Delta Air Lines Inc. struggles to turn itself around, much of the focus has been on its call for concessions from pilots. But some analysts say Delta's massive debt is a bigger challenge -- and one that's more difficult to resolve outside of bankruptcy.
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Investors pulled back from shares of major air carriers Friday as concerns loomed that US Airways Group Inc. and Delta Air Lines Inc.
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Delta Air Lines Inc.  said  on Thursday it listened to a presentation by US Airways Group  Inc.  concerning US Airways' $8.5 billion takeover offer  for Delta, but repeated earlier statements that it intends to  emerge from bankruptcy as a stand-alone carrier.
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U.S. airlines, after a Christmas weekend that snarled thousands of travelers' holiday plans, will face a government review of whether they are living up to customer service commitments made five years ago, the U.S. Transportation Department's top auditor said on Monday.
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ATLANTA -- Delta Air Lines Inc. is considering exchanging some of its debt, possibly for equity in the company, as part of a larger effort to avoid bankruptcy.
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SAN FRANCISCO (CBS.MW) -- The auditor for Delta Air Lines raised doubts about the future of the nation&#39;s third-largest carrier in a regulatory filing late Wednesday as the company also sharpened its warning about filing for bankruptcy protection.
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NEW YORK, October 20  - Delta Air Lines (DAL.NYS) has inched further towards a potential bankruptcy, with the company&#39;s 3Q04 losses nearly quadrupling from the year-ago levels.