Posted AT 8:54 AM EST on 16/07/08
Delta swings to $1-billion loss
ATLANTA — Delta Air Lines Inc. said Wednesday it swung to a hefty loss in the second quarter despite a strong increase in sales, pushing its red ink to more than $7-billion (U.S.) since the start of the year.
The results, hit by unprecedented fuel costs and a decline in the company's market value, still beat Wall Street estimates when one-time items are excluded.
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