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BULLETIN: Delta Air Lines Reports Heavy Loss Feb 06
Standard & Poors, Feb 2006
Abstract
NEW YORK (Standard & Poor's) Feb. 15, 2006--Delta Air Lines Inc. (rated 'D'), as expected, reported a heavy $1.2 billion net loss for the fourth quarter of 2005, bringing the full-year loss to $3.8 billion. Standard & Poor's Ratings Services said today that its rating on the company, which is defined by its bankruptcy status, is not affected. The net loss before reorganization and other special charges was $782 million, about the same as the loss on a like basis in the fourth quarter of 2004. As at other airlines, very high fuel prices (which boosted fuel expense 26%) were a major factor in the loss. Consolidated revenue per available seat mile rose a healthy 8.4%, aided by better pricing...
Companies mentioned in this report are: Delta Air Lines Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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