TITLE

Delta Toils Despite Tailwind

AUTHOR(S)
O'Leary, Chris
PUB. DATE
May 2006
SOURCE
Investment Dealers' Digest;5/29/2006, Vol. 72 Issue 21, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information related to Delta Air Lines Inc.' financial crisis. Delta continues to struggle with a huge debt load. It shows few signs of being able to benefit from the surge in airline passengers this year. The mainline capacity of Delta dropped 15.5% in April. CreditSights analyst Roger King notes that Delta managed to lose $2.1 billion during the first quarter after back-to-back restructuring and bankruptcy in a strong demand environment. The airline's long-term goal is a $1 billion reduction in annual pilot labor costs. Delta also has roughly $2.95 billion in outstanding loans.
ACCESSION #
21024540

 

Related Articles

  • Delta Air Seeking to Avoid Nov. Debt Payment. Shields, Yvette // Bond Buyer;10/14/2005, Vol. 354 Issue 32238, p1 

    Reports that bankrupt Delta Air Lines Inc. has taken its first legal step towards shedding itself of its special facilities bond obligations in Illinois. Request of the company to the bankruptcy court to strip its agreements to repay an amount of debt issued for projects at Los Angeles...

  • Delta Toils Despite Tail Wind. O'Leary, Christopher // High Yield Report;5/29/2006, Vol. 17 Issue 21, p1 

    The article presents information related to Delta Air Lines Inc. in the United States. In September 2005, the airline filed for Chapter 11, insolvency law, but it is still going through a huge debt load. Although, the airlines has shown few signs of being able to benefit from the surge in...

  • SWOT Analysis.  // Delta Air Lines, Inc. SWOT Analysis;May2007, p5 

    A business analysis of Delta Air Lines Inc., which is one of the largest domestic airlines in the U.S., providing services to 462 worldwide destinations in 99 countries is provided, focusing on its strengths, weaknesses, opportunities for improvement and threats to the company. Strengths include...

  • Delta Holders Watch United Bankruptcy. Fine, Jacob // Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p1 

    The article presents information on various developments related to Delta Air Lines Inc. As Delta struggles to avoid a possible bankruptcy filing, the carrier's municipal bondholders are closely watching United Airlines' court proceedings to determine the status of such securities. A bankruptcy...

  • Delta's Dilemma. Bond, David // Aviation Week & Space Technology;2/20/2006, Vol. 164 Issue 8, p95 

    The article presents information on the financial performance of Delta Air Lines Inc. for the year 2005. Delta's mainline unit costs increased 15.7% in the last three months of 2005, its first full quarter under bankruptcy protection, compared with the same period in 2004. But excluding fuel and...

  • Analysts And Investors Wonder What's Next For Delta Air Lines. O'Leary, Christopher // Bank Loan Report;5/29/2006, Vol. 21 Issue 21, p1 

    The article reports that the airline industry analysts and investors are wondering whether the improved climate will be enough to buoy one of the sector's biggest wrecks, Delta Air Lines Inc. The airlines which filed for Chapter 11 in September 2005, is still saddled with a huge debt load and...

  • It's bravo as Delta tips more flights.  // Travel Weekly: The Choice of Travel Professionals;8/19/2005, Issue 1783, p24 

    The article reports that Delta Air Lines Inc. is close to revealing its 2006 flight programme and has tipped increased Great Britain frequencies and possibly new British hubs. Managing director Atlantic region Loren Neuenschwander would like to see flights launched from Birmingham, Edinburgh and...

  • Delta on the brink.  // Travel Weekly: The Choice of Travel Professionals;3/24/2006, Issue 1813, p2 

    The article reports that DELTA Air Lines Inc. boss Jerry Grinstein has warned that the troubled US carrier could collapse within 24 hours if pilots strike over pay cuts. The carrier needs its 6,000 pilots to agree to cuts worth $325 million if it is to exit Chapter 11 bankruptcy protection,...

  • Emerging Slowly.  // Air Cargo World;Oct2004, Vol. 94 Issue 10, p8 

    The article presents information on the state of U.S. major combination carriers. US Airways Inc. landed back in bankruptcy court in September 2004 for the second time in just two years and its own chairman has said the prospects for survival are slim. United Airlines Inc., meanwhile, is nearing...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics