Delta announces Q4 loss.
Delta Air Lines reported on Thursday (20 January) its fourth-quarter financial results.
For the three months ending 31 December 2004 Delta said its net loss was USD2.21bn, or USD16.58 per share, compared to a loss of USD332m, or USD2.69 per share, in the same period a year ago. The most recent loss includes USD5m in dividends paid out to preferred shareholders.
The airline's revenue in the fourth quarter was USD3.64bn, an increase of 0.9% from USD3.61bn a year ago.
For the whole of 2004 Delta said it lost USD5.22bn, or USD41.07 per share, compared to a loss of USD790m, or USD6.40 per share, for 2003. Revenue for the 12 months was USD15.0bn, compared to USD14.10bn a year ago.
The carrier blamed its poor financial performance on high fuel prices and charges, and competition in the industry, resulting in low fares.
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|Publication:||Airline Industry Information|
|Article Type:||Brief Article|
|Date:||Jan 21, 2005|
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