Monday, April 30, 2007

Delta Air Lines exits bankruptcy

(Reuters) - Delta, the third largest U.S. airline, emerges as a leaner carrier after cutting capacity and about $1 billion in labor costs. It also added more than 60 international routes to escape brutal low-fare competition in the U.S.

While the U.S. airline industry turned a profit last year for the first time since before the September 11, 2001 attacks, Delta emerges from reorganization amid signs that travel demand, which fueled the industry's recover, is softening.


Read more at Reuters.com Business News

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