Awesome news!! I can only hope US Airways can do the same.Delta swings to $1B loss, beats Wall Street view
ATLANTA (AP) - Delta Air Lines Inc. said Wednesday it swung to a hefty loss in the second quarter despite a strong increase in sales, pushing its red ink to more than $7 billion since the start of the year.
But the carrier's shares soared over 12 percent as the results, hit by unprecedented fuel costs and a decline in the company's market value, still beat Wall Street estimates when one-time items are excluded.
Excluding one-time items, Delta earned a profit of $137 million, or 35 cents a share, in the second quarter.