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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A key measure of U.S. airline industry  revenue slipped more than expected in October, pressured by  excess capacity, weak demand and a lingering impact from  hurricanes in Florida, analysts said.
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The twin burdens of soaring fuel prices  and slipping airfares clobbered the airline industry again in  the third quarter, leaving three of the top four U.S. carriers  to post quarterly losses on Wednesday.
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International airlines are heading for a  near $5 billion loss this year, largely due to rise in oil  prices, the industry's global body said on Tuesday.
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Struggling airlines will stuff their  planes with passengers this week to start the holiday travel  season, but there is no expectation they will salvage much to  ease the sting of big losses this year.
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JetBlue expected a wider first-quarter loss and lower full-year profit, as it absorbed the effect of more than 1,000 flight cancellations last week.
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Delta Air Lines Inc. , which is racing to cut costs to avoid bankruptcy, on Wednesday reported a wider quarterly loss amid soaring fuel prices and weak domestic airfares.
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United Airlines ran a summer quarter net loss of $274 million on an operating loss of $80 million. Revenues were 7 percent higher than summer of last year but jet fuel costs were up 60 percent.
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The airline is on track to lose $200 million during the year. How about spending $1 billion more?
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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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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 airline reported a narrower-than-expected loss in the fourth quarter and its first full-year profit in three years as an increase in traffic helped compensate for rising fuel costs.
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No one knows how large the earnings losses at banks will be, but the turmoil in the credit markets will likely hurt the industry over the next couple of financial quarters.
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The International Air Transport Association (IATA) said Monday that the air traffic has seen continued recovery but, with the industry loss for 2004 expected to be 3 to 4 billion US dollars, there is no excuse to relax.
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Japan Airlines reported a net loss of 10.8 billion yen in the latest quarter, partly because of soaring oil prices and a drop in ski travel.
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The International Air Transport Association is forecasting &quot;significantly&quot; narrower losses for the global airline industry this year as reduced costs and rising demand for air travel help counter higher fuel prices.
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Northwest Airlines Corp. NWAC.O, the  No. 4 U.S. air carrier, on Wednesday posted a quarterly loss,  versus a profit a year earlier, as high fuel prices and low  fares weighed on the industry.