Business Services Industry
Delta Air Lines Warns Investors of Big Loss on Horizon.
Knight Ridder/Tribune Business News, June, 2001
By Maria M. Perotin, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Jun. 16--Delta Air Lines expects to lose up to $160 million in the current quarter, the carrier warned investors Friday.
Orlando's dominant airline blamed its woes on the nation's weak economy and on a pilot strike that grounded all flights at its Comair subsidiary for almost three months.
The announcement came a day after Comair and its pilots union reached a tentative deal that could put its jets back in the air this summer.
Pilots at Comair's Cincinnati hub will study that proposed contract at a briefing Tuesday, and Orlando pilots will get a look on Wednesday before voting on the agreement later in the week. The union likely will unveil a final...
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