Delta Toils Despite Tailwind

O'Leary, Chris
May 2006
Investment Dealers' Digest;5/29/2006, Vol. 72 Issue 21, p11
Trade Publication
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.


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