Delta Reports $397M Loss in First Quarter

18th Apr 2002

Delta Air Lines lost $397 million in the first quarter, compared with a $133 million loss a year earlier, the airline reported April 16.

Michele Burns, executive vice president and chief financial officer, said the airline made money in March, excluding unusual items, and expects to post a “significantly lower” loss in the second quarter.

Among the airline`s cost-cutting measures, she cited $100 million to $150 million the airline expects to save this year by eliminating base commission.



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