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Delta Airlines announces losses in the first quarter of year

Atlanta, Usa - A potential war in Iraq is the main cause

Delta Airlines expects negative cash flow from operations this quarter due to concern over potential war with Iraq. The nation's third largest airline didn't give an estimate of its anticipated loss. Analysts expect the carrier to lose USD 3.04 per share. "Bookings for the quarter down, and we expect this to continue", said Michele Burns, Delta's Chief Financial Officer. "Changes to capacity and...

AVIONEWS - World Aeronautical Press Agency - 41958
Rome, Italy, 03/11/2003 12:11
AVIONEWS - World Aeronautical Press Agency

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