Delta Air Lines (NYSE: DAL) reported Tuesday that the world’s largest airline posted a $25 million loss in its fiscal fourth quarter, according to Associated Press.
The fourth-quarter loss by the airline carrier was equivalent to 3 cents a share. In the year-ago quarter, Delta lost $1.4 billion, or $2.11 a share. Revenue rose 1 percent to $6.8 billion from $6.7 billion.
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Excluding special items, Delta lost 27 cents per share. Analysts surveyed by Thomson Reuters were expecting a loss of 24 cents a share on revenue of $6.86 billion.
Delta said system capacity will be down 3 percent to 5 percent in the first quarter of this year.
For all of 2009, Delta lost $1.2 billion, or $1.50 a share, compared to a loss of $8.9 billion, or $19.08 a share, for all of 2008. Twelve-month revenue totaled $28.1 billion, compared to $22.7 billion for 2008.
Delta recently raised its fees to check a first bag on a domestic flight from $15 to $23 and from $25 to $32 for a second bag. There is an additional charge for not checking the bags online in advance of reaching the airport.
Delta ended 2009 with $5.4 billion in unrestricted liquidity, a $400 million increase year-over-year. Delta expects the total to increase to $5.6 billion by the end of the first quarter of this year.
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