Grinstein: News Gives Blues As Delta Posts $646M Loss
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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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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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Delta Airlines reports a loss for the last three months of 2007, after fuel costs surge.
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Delta Air Lines Inc. DAL.N on Friday  forecast a much wider third-quarter loss than Wall Street had  estimated, citing weak domestic fares and a spike in fuel  costs, sending its shares down nearly 6 percent.
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Gerald Grinstein, head of Delta, discussed the recent takeover battle and Deltaâs future.
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Delta Air Lines Inc. on Wednesday cut  its fares by up to 50 percent for travel in the continental  United States, prompting fears of a new fare war and sending  airline shares sharply lower.
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Indianapolis, Sept. 8 - The news hit an already suffering industry hard. Delta Airline&#39;s restructuring calls for a reduction of ten percent of its workforce, or about 7,000 people.
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UAL (UALAQ.OB:OTC BB - news - research) and US Airways (UAIRQ.OB:OTC BB - news - research) weighed in with hefty third-quarter losses Thursday as industry overcapacity and stratospheric fuel prices continued to generate red ink while the carriers operated
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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. said yesterday it has obtained up to $600 million in new financing as it seeks to avoid bankruptcy. Delta shares surged on the news, climbing 54 cents, or 16.
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Germany&#39;s Deutsche Post AG said losses at its US express and logistics business will be 200 million euros ($246.1 million) greater than expected this year, sending its shares down over 4 percent.
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Delta Air Lines Inc., the third- largest US carrier, said its third-quarter net loss widened to as much as $675 million because of higher fuel prices and lower average ticket prices.
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JetBlue Airways Inc. JBLU.O eked out  a fourth-quarter profit, the low-cost carrier reported  Thursday, narrowly dodging a first-ever quarterly loss analysts  had predicted due to a hedge against high fuel costs.
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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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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.
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In a filing to the Securities and Exchange Commission, Delta Air Lines warned Friday that next week&#39;s third quarter earnings report will include a bigger loss than it predicted earlier.
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Delta Air Lines Inc. DAL.N on  Wednesday cut its fares by up to 50 percent for travel in the  continental United States, prompting fears of a new fare war  and sending airline shares sharply lower.