![]()
| As of Friday, November 27th: |
LATEST EARNINGS RESULTS
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Tiger Woods Out of Hospital After Accident
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
Delta Air Lines on Wednesday reported a $1 billion quarterly loss after special charges, as the airline industry continues to struggle with sky-high fuel prices.
![]() |
Click for more earnings info |
However, excluding special charges, Delta said it earned $137 million, or 35 cents per share.
Delta, which has agreed to buy Northwest Airlines, reported a second-quarter net loss, including the charges, of $1 billion, or $2.64 per share.
Delta, which said the special charges were mainly for the impairment of goodwill, emerged from bankruptcy at the end of April 2007.
Delta expects to end the year with liquidity of $3.2 billion, including $1 billion under a revolving credit facility.
The airline said it expects its capacity for the second half of 2008 to be down 4 percent compared to 2007, with domestic capacity down 13 percent and international up 14 percent.
The company plans to remove the equivalent of 100 regional aircraft by the end of the year.
U.S. airlines have announced big cutbacks as they grapple with unprecedented oil prices, which have doubled in the past year.
The carriers have been forced to raise fares, introduce fees, cut services, jobs and capacity and target more lucrative international routes.
In March, Delta unveiled plans to cut 2,000 jobs, offering voluntary retirement and "early out" programs, but in June said more than 4,000 employees chose to take part in the programs.
Delta [DAL
Loading...
()
] said on Wednesday its merger with Northwest Airlines [NWA
Loading...
()
] is targeted to close during the fourth quarter of 2008 and that it has reached a pre-merger joint bargaining agreement between the Delta and Northwest units of the Air Line Pilots Association.
- TiVo Reports Quarterly Loss but Matches Forecasts
TiVo announced a quarterly loss that matched analysts' forecasts, but its sales topped expectations.
- Hewlett-Packard Profit Rises, Matches Guidance
Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.
- Analog Devices Results Beat Expectations; Shares Rise
Analog Devices reported a quarterly profit that fell from a year ago but topped Wall Street's expectations, sending shares higher in extended trading.
- TiVo Reports Quarterly Loss but Matches Forecasts
- Tyson Food Profit Beats Estimates
Tyson Foods posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.
- Tyson Food Profit Beats Estimates
- Horton Results Miss Estimates, Shares Drop
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
- Gap Reports Earnings in Line With Forecasts
- Intuit Posts Narrower-Than-Expected Loss
- Sears Posts Second Consecutive Quarterly Loss
- BJ's Wholesale Profit Falls, Hurt by Falling Food Prices
- Salesforce Profit Beats Forecasts, but Shares Fall
- Autodesk Shares Fall on Disappointing Outlook
- Home Depot Profit Beats; Says Markets Under Pressure
- Target Third Quarter Profit Up, Cautious on Fourth
- Weak US Housing Market Drags on Lowe's Profit
- JC Penney Profit Falls, but Shares Up on Forecast
- Disney Profit, Sales Top Forecasts; Shares Jump
- Nordstrom Earnings Miss Forecasts; Shares Take Hit
- Wal-Mart Holiday Forecast Light, Profit Beats








