Delta posts record losses for quarter, '04

Discussion in 'Economy' started by 5stringJeff, Jan 21, 2005.

  1. 5stringJeff
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    5stringJeff Senior Member

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    Delta posts record losses for quarter, '04
    By Dan Reed, USA TODAY

    Delta Air Lines (DAL) last month dodged a bankruptcy filing, but it couldn't dodge records for the largest losses in airline history.

    The USA's No. 3 carrier said Thursday that it lost an unprecedented $2.2 billion, or $16.58 a share, in the fourth quarter. For all of 2004, it lost $5.2 billion, or $41.07 a share.

    The previous loss records: $1.96 billion by Delta in the second quarter of 2004 and $3.5 billion lost by American in 2002.

    http://www.usatoday.com/money/biztravel/2005-01-20-delta-usat_x.htm
     
  2. no1tovote4
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    no1tovote4 VIP Member

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    Wow, I guess today wouldn't be the day to start buying Delta stock....

    :smoke:
     

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