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Delta Air Lines Posts $133 Million First-Quarter Loss.
Knight Ridder/Tribune Business News, April, 2001
By Maria M. Perotin, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Apr. 19--Delta Air Lines lost $133 million in the first three months of 2001, blaming its troubles on the weakening economy, a pilot strike at Comair and customers' concerns about the carrier's ongoing labor woes.
The nation's No. 3 airline has been losing between $3.2 million and $4 million a day in revenue since pilots at Comair, its regional subsidiary, walked off the job March 26, executives revealed Wednesday. And they predict revenue will drop another $300 million to $350 million in the year's second quarter, as the possibility nears of another strike by 9,800 mainline pilots.
A glimmer of hope did appear Wednesday afternoon, when Comair managers and...
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