Business News

Jan 27, 2009, 16:42 GMT

Delta Air Lines sees losses amid Northwest merger

New York - Delta Air Lines ended the year with steep losses in the final quarter of2008 as it completed its merger with Northwest, the company said Tuesday. Losses for the year at what is now the world's largest airline came to 1.4 billion dollars in the final quarter of the year, compared with losses of 70 million dollars in the year-earlier period. Excluding one-time costs related to the merger, the loss amounted to 340 million dollars, or 50 cents per share. Revenues rose by 43 per cent to 6.7 billion dollars after the October takeover, the Atlanta, Georgia-based firm said. Figures for Northwest are included in the last two months of the year. The losses included 900 million dollars paid to employees as part of the merger. Delta also suffered from agreements to purchase jet fuel in advance after energy prices fell drastically since the summer. For the year, Delta lost 8.9 billion dollars. Revenue rose 18 per cent 22.7 billion dollars.

And Also

The Decade: Film's 10 Best Music Moments In The Aughts

The Decade: Film's 10 Best Music Moments In The Aughts - Cinema Blend
GASP: Goldstriker creates world's most expensive iPhone - The Tech Herald
Peter Jackson Looks Lovely at 'Bones' Premiere - PopEater
Chris Rock interview, Sons of Anarchy and Woody Allen shout out for 'Madagascar' star

Your Talkback on this Story

Similar articles

American Airlines parent raises 2.9 billion dollars, adds flights
Boeing executive quits after Dreamliner delays
Recession squeezes airlines to cut flights, staff (Roundup)
Skies remain red for Continental Airlines
Boeing again delays flight of 787 Dreamliner

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

From Sites we Like

The 50 most interesting Wikipedia articles [Cool]
Klink, you idiot [Dumbass]
Lobbyist charged in corruption case told judge his incriminating email messages shouldn't be used against him because they were meant to be private [Dumbass]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint