Delta Reports Narrower 4Q Loss
Wednesday January 23, 7:58 am ET
By General Lee, Flightinfo Head Case
Delta Air Lines Reports Narrower 4Q Loss on Higher Sales ATLANTA (AP) -- Delta Air Lines Inc., the nation's No. 3 carrier, reported Wednesday it was hampered by high fuel prices in the fourth quarter but was able to post a narrower loss on a solid increase in sales.[SIZE=-2]ADVERTISEMENT[/SIZE]
For the three months ending Dec. 31, Atlanta-based Delta said it lost $70 million, or 18 cents a share, compared to a loss of $198 billion for the same period a year earlier. The airline did not provide a per share figure for the prior year, when it was in bankruptcy.
Excluding reorganization items, Delta said it lost $1.05 million in the fourth quarter. It did not provide a comparable per-share figure.
Analysts surveyed by Thomson Financial were expecting a Delta loss of 18 cents a share. Analyst estimates generally exclude one-time items.
Revenue in the fourth quarter rose 10 percent to $468 billion, compared to $425 billion recorded a year earlier.
A statement issued with the company's earnings release did not update investors on the status of talks between Delta and Northwest Airlines and United Airlines. Delta has said previously that its board is considering strategic options, including a possible consolidation transaction. The airline has not elaborated.
For all of 2007, Delta said it earned $1.2 million on compared to a loss of $69.6 billion for all of 2006. It did not provide per-share figures. Full-year revenue rose to $1.15 billion, compared to $179.53 billion recorded a year earlier.
Delta said it expects operating margins of minus 23 percent to minus 46 percent in the first quarter of this year. For all of 2008, it expects operating margins of 14 percent to 66 percent. It expects to see its domestic capacity drop 32 percent to 39 percent in the first quarter, while its international capacity is expected to increase 1.2 percent to 1.9percent in the first quarter compared to a year earlier.
Delta Air Lines: http://www.flightinfo.com
Wednesday January 23, 7:58 am ET
By General Lee, Flightinfo Head Case
Delta Air Lines Reports Narrower 4Q Loss on Higher Sales ATLANTA (AP) -- Delta Air Lines Inc., the nation's No. 3 carrier, reported Wednesday it was hampered by high fuel prices in the fourth quarter but was able to post a narrower loss on a solid increase in sales.[SIZE=-2]ADVERTISEMENT[/SIZE]
For the three months ending Dec. 31, Atlanta-based Delta said it lost $70 million, or 18 cents a share, compared to a loss of $198 billion for the same period a year earlier. The airline did not provide a per share figure for the prior year, when it was in bankruptcy.
Excluding reorganization items, Delta said it lost $1.05 million in the fourth quarter. It did not provide a comparable per-share figure.
Analysts surveyed by Thomson Financial were expecting a Delta loss of 18 cents a share. Analyst estimates generally exclude one-time items.
Revenue in the fourth quarter rose 10 percent to $468 billion, compared to $425 billion recorded a year earlier.
A statement issued with the company's earnings release did not update investors on the status of talks between Delta and Northwest Airlines and United Airlines. Delta has said previously that its board is considering strategic options, including a possible consolidation transaction. The airline has not elaborated.
For all of 2007, Delta said it earned $1.2 million on compared to a loss of $69.6 billion for all of 2006. It did not provide per-share figures. Full-year revenue rose to $1.15 billion, compared to $179.53 billion recorded a year earlier.
Delta said it expects operating margins of minus 23 percent to minus 46 percent in the first quarter of this year. For all of 2008, it expects operating margins of 14 percent to 66 percent. It expects to see its domestic capacity drop 32 percent to 39 percent in the first quarter, while its international capacity is expected to increase 1.2 percent to 1.9percent in the first quarter compared to a year earlier.
Delta Air Lines: http://www.flightinfo.com
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