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Delta Sees Net Loss, Early Recovery Signs
Oct 22, 2009
Adrian Schofield This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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| Delta is the latest U.S. carrier to report a profit excluding special items, as well as an operating profit, and is echoing industry optimism that demand is finally starting to strengthen. While the carrier's net loss of $161 million was worse than last year's $50 million deficit, it made a $51 million profit excluding special items - which was a $115 million improvement from the same quarter in 2008. Delta saw an operating profit of $204 million in this year's third quarter. CEO Richard Anderson noted that there has been "some improvement in the revenue environment," with unit revenue improving month-by-month since hitting a low point in June. Airline President Edward Bastian said the industry is "in the early stages of what will probably be a choppy and uncertain recovery, [although] we are seeing the right trend lines." Airlines are gaining more traction on the yield front, as evidenced by recent successful fare increases, Bastian said. READ MORE: AviationWeek.com Photo Credit: Delta Airlines |
