ATLANTA (AP) - Delta Air Lines is scheduled to report its
third-quarter earnings on Wednesday. The Atlanta-based carrier
could eke out a small adjusted profit for the three-month period,
based on analysts' projections.
Delta's president and chief financial officer, Ed Bastian, said
Sept. 18 that Delta expected its third-quarter results to be in the
range of break-even to a modest loss.
The airline industry has been beset for an extended period by
hefty fuel prices. The price of a barrel of oil has dropped off
considerably since its record high close of $147.27 on July 11.
Delta and other airlines have continued to cut domestic capacity,
raise fares and boost revenue through new and higher fees imposed
on passengers.
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Earnings Preview Today: Delta Air Lines
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Published: October 14, 2008
Published: October 14, 2008
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