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Delta expects USD2.16bn loss for 2005.


Delta Air Lines Inc has said that it expects to post a loss of USD2.16bn, excluding special items, for 2005.

The predicted annual loss was attributed to the increasing fuel prices. The expected results were viewed at a private presentation to the airline's pilots and were later released in a filing to the US Securities and Exchange Commission. Delta is asking its pilots for a further USD325m in concessions on top of the USD1bn in annual concessions the pilots have already agreed to, The Associated Press reported.

The results for Q3 are expected to be released on 9 November.

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Title Annotation:Delta Air Lines Inc.
Publication:Airline Industry Information
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 20, 2005
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