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Delta Posts $6.39B 1Q Loss

Rising fuel costs bring airline to massive downturn despite sales increase

By Jim O'Neill, Newser User

Posted Apr 23, 2008 7:46 AM CDT

(Newser) – Staggering fuel prices overwhelmed a 12% sales increase and pushed Delta Air Lines to a $274-million loss in the first quarter, which ballooned to $6.39 billion on a $6.1-billion non-cash charge reflecting a decline in its market value. Excluding special items—including the... Read full story »

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Delta Posts $6.39B 1Q Loss

Rising fuel costs bring airline to massive downturn despite sales increase

airline industry • Delta Air Lines • earnings reports • fuel costs

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More Newser Stories

Airlines Hike Ticket Prices

United raises prices by up to $60; American, Delta follow its lead

United and Continental May Be Next to Merge

Delta-Northwest deal likely to spark more consolidation

Delta Buys Own Oil Refinery

Aims to shave jet fuel costs in unprecedented deal

Top Carriers Weigh American Airlines Merger

US Airways, Delta in the running

Delta Backs Down On Soldiers' Baggage Fees

Policy changed after returning troops stung with excess charges

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