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| Friday, 23 October 2009 11:38 | |
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Delta Air Lines Inc. lost $161 million, or 19 cents a share, in the third quarter, compared with a net loss of $64 million in the year-ago period. These numbers represent the combined financial results of both Delta and Northwest Airlines, which merged a year ago. Analysts surveyed by Thomson Reuters had expected a net loss of 5 cents a share. Excluding $212 million in restructuring and other charges, Delta earned $51 million or 6 cents a share in the third quarter. Revenue slid 20.5% to $7.6 billion mainly because passengers purchased less-expensive tickets. The world's largest airline also said that next year it will reduce the total number of seats it flies by 3%. The integration of Delta and Northwest is expected to be completed by the end of March. |