Analysts say debt is Delta's top woe
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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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With a tentative deal to cut $1 billion in pilot costs, Delta Air Lines appears to have beaten back the threat of bankruptcy -- at least for now, analysts say.
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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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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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Blame it on Charlie. And Frances, Ivan and Jeanne. Delta Air Lines (nyse: DAL - news - people ) Wednesday reported that third-quarter losses widened on weak domestic yields and lower passenger revenue.
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Delta Air Lines signaled Friday its grim financial picture is worsening, putting more pressure on negotiations with pilots and creditors to avert a bankruptcy court filing.
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Delta Air Lines continued its downward spiral toward bankruptcy Wednesday as the company reported a net loss of $646 million for the third quarter.
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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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Delta Air Lines Inc. DAL.N on Friday  forecast a much wider third-quarter loss than Wall Street had  estimated because of weak domestic fares and a spike in fuel  costs, driven by record-high oil prices.
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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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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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Delta Air Lines DAL.N said on  Wednesday its auditors had expressed concern about the  airline's financial viability.
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ATLANTA -- Delta Air Lines Inc., which is operating under bankruptcy protection, reported Wednesday a wider fourth-quarter loss of nearly $2 billion because of hefty restructuring items.
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Delta Air Lines Inc. DAL.N suffered  a setback this week when a committee of creditors scotched one  of the company's early debt renegotiation efforts, but the  struggling airline still has a chance of restructuring its debt  without filing for bankruptcy, analysts said on Friday.
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Smith Barney analyst Daniel McKenzie on Thursday said he saw a high probability that Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , struggling to cut costs to avoid bankruptcy
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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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Delta Air Lines (DAL:NYSE - news - research) wants to give bondholders more time to think about trading in some $2.6 billion of unsecured debt for $680 million worth of new secured notes.