Earnings Roundup

Delta Air Lines, Uncategorized April 22 2005 0 Comments

In case you haven’t seen all of the earning reports of the past couple of days, I’ll just let you know that they were miserable.  In short, Delta lost $1.08 billion last quarter ($684 million excluding 1-time charges), while Northwest lost $458 million.  Delta’s $1 billion loss was on $3.65 billion in revenue for Delta, which is amazing when you think that it costs Delta something like $1.30 to bring in $1 of revenue.  Yikes.  I especially liked that virtually each airline noted that excess capacity in the industry depressed revenue, as if they had nothing to do with that. 

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