Airlines buffeted by fourth-quarter losses
Rising fuel costs and increased competition are to blame for the results, say airlines
The New Year brought more disappointing news for the nation’s struggling airline industry as the announcement of fourth-quarter results fell short of expectations.
Delta announced a $2.2 billion loss for the fourth quarter, as it struggled with high fuel prices and low fares. A report from Standard & Poor’s points to the fact that Delta’s full-year loss of $5.2 billion had the “dubious
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