3 major US airlines report losses
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Three US airlines reported losses on Wednesday as higher jet-fuel prices and stiff competition from low-cost rivals compounded their many difficulties since the 2001 terror attacks.
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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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Northwest Airlines Corp. posted a third-quarter loss on Wednesday, compared with profits a year ago, due to rising fuel costs and low-fare competition.
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Bankrupt US Airways Group Inc.  UAIRQ.OB on Thursday reported a wider third-quarter net loss  as storms and high fuel prices hurt results.
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Continental Airlines (CAL.N: Quote, Profile, Research) on Tuesday posted a third-quarter loss, reversing a year-earlier profit, as it was hurt by record-high fuel
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Continental Airlines CAL.N  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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Record fuel costs and low air fares contributed to a $274 million third-quarter loss for United Airlines&#39; parent company, which warned again that labor costs must be slashed again soon in order for it to emerge from bankruptcy.
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Continental Airlines on Tuesday posted a third quarter loss and said it sees itself losing money in 2005 as well. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings.
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The global airline industry stands to incur losses of between $3 billion and $4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport Association said
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NEW YORK, Oct. 21 -- AT&T Corp. reported a third-quarter loss of $7.12 billion Thursday because of huge charges resulting from the company's retreat from traditional telephone services, which included at least 7,500 more job cuts and a write-down in the value of the company's long-distance network.
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Continental Airlines on Tuesday said it swung to a third-quarter loss from a year-ago profit primarily due to special charges related to the retirement of three leased MD-80 aircraft.
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ARLINGTON, Va. -- Bankrupt US Airways says it lost $232 million dollars July through September, more than twice as much as a year ago.
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ATLANTA, Georgia, Oct 20  - Delta Air Lines said Wednesday losses nearly quadrupled in the three months to September 30, warning of a race to cut costs as it struggles to stay in the air.
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The reports by the two airlines were the latest in what was a bitter quarter for the nation's seven major airlines.
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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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United Airlines&#39; parent company posted a $274 million third-quarter loss and reiterated its need to slash labor costs. The company said that in the fourth quarter it may not be able to comply with a covenant