Delta Air Lines’ Loss Narrows as Sales Rise
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From Bloomberg News
Delta Air Lines Inc.’s fourth-quarter loss narrowed as costs fell and December holiday travel boosted sales. The airline said it expected more losses this quarter and year because of weak demand and higher jet-fuel prices.
The net loss was $363 million, or $2.98 a share, compared with $734 million, or $5.98, a year earlier, Delta said. Sales rose 16% to $3.3 billion.
The Atlanta-based airline’s shares closed unchanged at $12.75 on the NYSE.
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