Delta Expects Wider Third-Quarter Loss
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Delta Air Lines Inc. expects to report a much wider loss for the third quarter due to one-time charges, higher oil prices and a decline in its domestic passenger-mile yield, the airline said Friday.
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Delta Air Lines Inc. reported a wide third-quarter loss Wednesday despite a rise in revenue, missing Wall Street&#39;s already reduced expectations.
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Delta Air Lines&#39; losses deepened in the third quarter as soaring fuel costs, sinking fares and a succession of hurricanes combined to push the company closer to 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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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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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 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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Bankrupt Delta Air Lines  said on Wednesday its fourth-quarter net loss widened by 60 percent, hurt by a $2.5 billion charge for reorganization costs.
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Borders Group warns about its third quarter.
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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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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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ATLANTA -- Delta Air Lines said Wednesday that its third-quarter loss nearly quadrupled compared to a year ago despite a rise in revenue.
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Continental Airlines CAL.N on Tuesday  posted a third-quarter loss, reversing a year-earlier profit  amid record-high fuel prices, and warned of large losses this  year and next unless energy prices fall and fares rise.
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American Airlines' parent AMR Corp.  AMR.N on Wednesday posted a third-quarter loss as record-high  oil prices battered its bottom line and threatened to make  fourth-quarter losses even larger.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said yesterday that it expected to lose as much as $675 million for the third quarter and that it was using cash at a steep rate.
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Delphi Corp. (DPH.N: Quote, Profile, Research) on Tuesday warned that its third-quarter loss would be far wider than expected, the latest auto parts supplier to say
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Interpublic Group of Cos., the world&#39;s third-largest ad conglomerate, said Wednesday that third-quarter losses widened significantly on increased charges as well as greater salary and severance costs.