Delta Air Lines Posts $1.77 Billion Profit
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Delta Air Lines Inc., the nation's third-largest carrier, cited a 5.5 percent gain in sales as it reported Wednesday that it swung to a profit in the second quarter, which saw it emerge from bankruptcy after shaving billions of dollars in costs.
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ATLANTA -- Delta Air Lines Inc. said yesterday it has obtained up to $600 million in financing as the struggling carrier seeks to avoid bankruptcy.
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Delta Air Lines Inc , the No. 3 U.S. carrier, on Wednesday posted a quarterly net loss on soaring fuel prices.
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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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Delta Air Lines world headquarters in Atlanta is shown in this Sept. 8 file photo. In a filing with the Securities and Exchange Commission, the airline reported that it expects its quarterly report to be released
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Desperately trying to stave off bankruptcy, Delta Air Lines state that it has received $600 million in financing from American Express Travel Related Services Co.
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Delta Air Lines Inc. , which emerged from bankruptcy at the end of April, said on Wednesday that quarterly earnings surged on one-time reorganization items.
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CHICAGO - United Airlines parent UAL Corp. said Thursday it posted a profit from operations of $51 million in July in a report required by its bankrupt status.
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The airline reported profit of $241 on double-digit passenger revenue growth in every segment of its business except for domestic flights.
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The airline, which exited bankruptcy in May, said profit was $244 million, shattering Wall Street expectations.
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Delta Air Lines' pilots accept pay cuts worth a total $1bn (Â£540m) to keep the airline from bankruptcy.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said today that it expected to lose as much as $675 million for the third quarter, and that it was burning cash at a steep rate.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) on Wednesday reported a wider quarterly loss on soaring fuel prices and weak domestic airfares, and said
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Pilots at Delta Air Lines overwhelmingly approved a new five-year contract with $1 billion in annual concessions sought by the airline.
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The parent company of United Airlines reported its biggest quarterly profit in seven years, citing fuller planes in the summer travel season and cost reductions.
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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&#39;s shares surged as much as 30 per cent yesterday amid speculation that the third-largest US airline would win $1 billion (euro780 million) in concessions from its pilots and avoid filing for bankruptcy.