Delta posts $2.2 bln net loss for second quarter

Atlanta: Delta Air Lines reported a net loss of $2.2 billion in the second quarter of 2006, compared to a net loss of $382 million in the second quarter of 2005. Excluding the reorganization items described below, net income was $175 million in the second quarter of 2006, a $479 million improvement compared to the $304 million net loss excluding special items in the second quarter of 2005.(1) Operating margin for the quarter was 7.9 percent, a 10.9 point increase over the same period in the prior year.
Delta also filed its Monthly Operating Report for June 2006 with the U.S. Bankruptcy Court today. In that report, the company reported a net loss of $2.2 billion for the month. Excluding reorganization items, June 2006 net income was $145 million.
Delta has launched 11 new transatlantic routes since March 2006, including new service between its Atlanta hub and Copenhagen, Athens and Venice, and now offers more service between the United States and destinations across Europe, India and Israel than any other global carrier.
09/08/06 rimeZone (press release), CA

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