Originally Posted by
Doug Masters
WASHINGTON, Oct 22 (Reuters) - Delta Air Lines Inc (
DAL.N), the world's biggest airline, reported a quarterly net loss on Thursday due to special charges, but
operating earnings beat Wall Street expectations.
Delta, which merged with Northwest Airlines last year, said its loss was $161 million, or 19 cents per share, including $212 million in special charges.
Excluding the charges, the company reported a profit of 6 cents per share. Analysts on average had expected a loss of 5 cents per share, according to Thomson Reuters I/B/E/S. (Reporting by
John Crawley; editing by John Wallace)
Did we lose on fuel hedges again?
One release says merger related items and severance. I guess it is just a fact now that accountants can write off something different every quarter. It appears the goos news is that we made an operating profit. It will be interesting to watch the stock this morning.. and to listen to the conference call..