Summary
ATLANTA -- Delta Air Lines Inc., the world's biggest airline operator, on Wednesday reported a double-digit drop in unit revenue during the second quarter as demand for air travel continued to slump, but it narrowed its net loss to $257 million from a year earlier when it accounted for big one-time items.
The news followed hefty losses reported by Continental Airlines Inc. and American Airlines parent AMR Corp., while United Airlines parent UAL Corp. posted a small profit. Discount carriers Southwest Airlines Co. and the parent of AirTran Airways also had profits.See the full content of this document
Extract
Delta Loses $257m for 2nd Quarter
Delta executives said they don't expect any meaningful recovery for the remainder of the year, and they also don't expect to be profitable for 2009....
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