Airline facing financial crisis
Thursday, April 17, 2003 | 11:23 a.m.
ATLANTA -- Delta Air Lines said today it faces the worst financial crisis in its history as it reported a wider first-quarter loss and said it will need to cut costs even further.
For the three months ending March 31, Delta lost $466 million, or $3.81 a share, compared with a loss of $397 million, or $3.25 a share, for the same period a year ago.
Excluding one-time items -- mainly charges for pension benefits related to job cuts -- Delta said it lost $426 million in the quarter, or $3.49 a share. Revenue in the quarter was $3.16 billion, a slight increase from the $3.10 billion the airline brought in a year ago.
archive
- Most Read
- Discussed
- Most E-mailed
- Live Blog: Pacquiao wins by TKO in round twelve
- Floyd Mayweather Jr. and Manny Pacquiao: The only fight fans want to see
- Bruised and battered, Cotto says he will fight again
- Boulder City struggles with shocking allegations
- Construction goes bust, equipment goes on auction block
- Temperatures plunge in Las Vegas
- Sanford won’t return as UNLV coach in 2010
- Live game blog: Rebels open season with 91-52 victory against Pittsburg State
- Thunderbirds wow crowd at Nellis AFB air show
- Reid under microscope as lawmakers debate abortion
Blogs
Now and Then
Saints finally going somewhere fast
Elsewhere
Pacquiao-Mayweather at Yankee Stadium in May? (2 Comments)
The Coin Bucket
Planet Hollywood offers $60 rooms -- 10 rooms at a time (5 Comments)
Elsewhere
Nogueira injured, Evans v. Silva to headline 108
Politics: The Early Line
Lawmakers on standby to get health care bill
Robin Leach's Las Vegas Celebrity Watch
Is Donny Osmond’s wife jealous? Is Julianne Hough returning?
Elsewhere
Deutsche Bank drowning in Vegas on Cosmopolitan (19 Comments)
Calendar »
- 16 Mon
- 17 Tue
- 18 Wed
- 19 Thu
- 20 Fri
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
The Automatic Tour at The Square Apple
The Square Apple
-
Football specials at Diablo's
Diablos Cantina
-
Rhumbar presents Pink Sugar Mondays
The Mirage Hotel and Casino
The Sun
Locally owned and independent for more than 50 years.
Technorati






