We made a 50 million dollar OPERATING profit. That means that if we did not have all of these "one time losses" we would have made money. What it means is that the operation of putting people and cargo on the jets made money. The operation of hedging, merging et al did not. We made money operationally last quarter too!

Read the full press release on delta.com, it will take about 30-40 mins but worth your time.