January 28, 2009

Delta Reports Loss; Wider Than Expected.

Delta Air Lines, the nation’s largest carrier, reported a fourth quarter loss of  $1.4 billion, or $2.11 a share, citing fuel costs and a non-cash charge related to stock options after buying Northwest Airlines. The carrier was hit by some hefty one-time charges: a $900 million non-cash charge related to employee equity awards in the most recent period and a $91 million loss on [...]