Delta Air Lines reports a fourfold increase in losses
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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.
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Delta Air Lines, preparing to exit bankruptcy on April 30, said yesterday its fourth-quarter net loss widened to $2 billion on the cost of ending its pilotsâ pension plan.
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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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Delta Air Lines said today that it expected to lose as much as $675 million for the third quarter.
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Delta Air Lines Inc  was dragged to a loss on Wednesday on soaring fuel prices, while Southwest Airlines Co  posted better-than-expected profit on its long-term fuel hedging.
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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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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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A broad-based fare increase, initiated last week by Delta Air Lines Inc. and matched by US rivals, has unraveled, prompting expectations yesterday that the chances for further fare hikes are fading.
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Delta Air Lines Inc. , which aims to exit bankruptcy this spring, on Friday posted a narrower loss for January amid increased capacity and higher ticket prices.
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The global airline industry stands to incur losses of between USD$3 billion and USD$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 on Monday.
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Three of America&#39;s largest airlines have reported a combined 906 million dollars US in third-quarter losses. The largest by far was at Delta Air Lines, where bankruptcy looms unless it can quickly win concessions from its pilots and debt holders.
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Delta Air Lines Inc., the thirdlargest airline in the United States, reported on Wednesday a wider loss in the third quarter ending on September 30 despite a rise in revenue.
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TEMPE, Ariz.  â The US Airways Group said Thursday that it had swung to a fourth-quarter loss as a result of significantly higher fuel costs.
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Delta Air Lines, which has narrowly  avoided bankruptcy in the past few months, on Thursday said its  fourth-quarter loss mushroomed as it struggled with high fuel  prices and low fares stemming from tough competition.
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October 22, 2004 4:43 PM GMT (Datamonitor) - Northwest, Delta and American Airlines, three of the top four US airlines, have this week announced widening third quarter losses that represent a deepening crisis in the US airline industry.
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Delta Air Lines cuts domestic fares by as much as 50% as part of continuing efforts to ensure its financial survival.
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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.