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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
Geographic Code:1USA
Date:Jan 21, 2005
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