Airlines buffeted by fourth-quarter losses



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 distinction” of breaking AMR Corp.’s 2002 $3.5 billion net loss record as the worst ever in the

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