Delta Air Lines in dramatic loss swing
As usual, those pesky special items conspired to move Delta’s year-end net profit of USD291 million into a net loss of USD1.1 billion, despite a USD6 billion decline in revenue year on year. The special items totaled USD169 million, with USD1.4 billion in fuel hedge losses. The company ended the year with USD5.4 billion in unrestricted liquidity, a USD400 million increase year-on-year.
