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Fox News: Delta Reports $1.4B 4Q Loss

Started by riky, January 27, 2009, 04:02:06 PM

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riky

Delta Reports $1.4B 4Q Loss
     


Delta Air Lines Inc. (DAL), the world's biggest carrier, said Tuesday it lost $1.4 billion in the final three months of last year as it recorded a massive charge related to employee stock awards and wasn't able to fully benefit from the decline in oil prices because of bad bets on fuel hedges.
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