• Skip to main content
  • Skip to primary sidebar

Ad – Bottom Content

Delta posts Q4 loss of US$1.4 billion

Payload Asia

Leaderboard

  • Home
  • Latest News
  • Channels 
    • Carriers
    • Aircraft Manufacturers
    • Airports
    • Courier & Mail
    • Freight Forwarders
    • Express
    • Ground Handling & Cargo Terminals
    • Logistics
  • 9th Payload Asia Awards
  • Awards & Conferences 
    • 9th Payload Asia Awards
    • Gallery
    • About
    • Rules and Regulations
    • Categories
    • Entry Form
    • Subscribe
  • Subscribe
  • Advertise
  • More 
    • Event Calendar
    • Directory
    • Contact Us
Share

Delta posts Q4 loss of US$1.4 billion

January 29, 2009 by Payload Asia

Delta Air Lines lost US$1.4 billion in the fourth quarter of 2008, including a massive one-time special charge related to its merger with Northwest Airlines, along with losses from fuel hedges. But the carrier is confident next year will be better, with chief executive Richard Anderson saying he expects that Delta will to be ¡°solidly profitable in 2009 driven by lower fuel costs, capacity discipline, and merger synergies.¡± Delta expects to save US$5 billion on fuel costs this year and US$1 billion by cutting flight capacity, while generating US$500 million in benefits from its merger with Northwest. For the full year of 2008, the losses at Atlanta-based Delta totaled US$8.9 billion, mainly due to accounting write-downs reflecting the decreased value of the company due to record fuel prices earlier in the year. Delta said it also expects to report a ¡°sizable loss¡± in first quarter 2009. ¡°Our fuel hedges turned out to be an expensive insurance policy in the short term, but we continue to believe that a systematic fuel hedging program is the most prudent way to mitigate the impact of volatile fuel prices,¡± Anderson said. The company announced that it plans to take 40 to 50 mainline aircraft out of its fleet as it cuts flight capacity by 6 per cent to 8 per cent this year. The airline has a total of 1,147 aircraft, including about 850 mainline planes.

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Delta Air Lines, financials, fuel hedging, Northwest Airlines, results

Related Articles

  • deugro on securing air capacity at a time of disruption
  • ECS Group to represent Korean hybrid carrier Air Premia
  • Vienna Airport, Lufthansa team up on pharma shipments
  • FAA issues airworthiness criteria for Wingcopter
  • Penang freight forwarders host APAC meeting in July
  • Kerry Logistics rolls out e-trucks in Hong Kong

Ad – After Content

Primary Sidebar

Ad – Uppper Boombox

Trending News

Sorry. No data so far.

Payload Asia Awards

  • Nominations now open for the 9th Payload Asia Awards Nominations are now open for the 9th edition of the Pay... by PLA Editor | posted on May 9, 2022
  • Air cargo takes spotlight at 8th Payload Asia Awards Winners of the prestigious Payload Asia Awards were ann... by PLA Editor | posted on October 5, 2021
  • Payload Asia Awards A toast to excellence, resilience at 7th Payload Asia Awards More than 60 industry professionals attended the digita... by PLA Editor | posted on January 22, 2021
  • Singapore to host air cargo, logistics events in 2023 transport logistic and air cargo Southeast Asia will ta... by PLA Editor | posted on December 6, 2021

Subscribe To
Our Newsletter


Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Harvest Information Pte Ltd, 150 Orchard Road #07-05, Singapore, 238841, http://www.payloadasia.com/, https://tva.onscreenasia.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Ad – Lower Boombox

Payload Asia continues to be the authoritative source for informative, accurate and up-to-date news and information on the air cargo industry and related sectors.
With its updated and refreshed look the print edition continues to provide high quality coverage on the Asia-Pacific, India-Middle East, Europe-CIS, North & South America and Africa air cargo markets.

© 2021 Harvest Information. All rights reserved. Privacy Policy

Partner Sites : Asia Food Journal . Asia Food Journal China . Control Engineering Asia . Control Engineering China . Electronics Manufacturing China . Pharma Asia . Pharma Asia China . Logistics Insight Asia

We use cookies and similar technologies to improve your browsing experience.
Continuing to use this site means you agree to our use of cookies. I agreeRead More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non Necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

Performance

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

Save & Accept

1