Delta Air Lines is warning of further financial pain in the months ahead as traffic revenues remain depressed after the 11 September attack.
The airline at the same time is attempting to offset some of the damage with moves to strengthen co-operation with its SkyTeam global partners.
In a third quarter statement filed with the US Securities Exchange Commission on 14 November, Delta says it expects to take a $425-450 million charge during the final quarter of the year related to staff reductions. The company adds that it is still assessing the impact of facility closures, aircraft retirements and the cancellation of capital expenditure projects. Delta anticipates that its total losses between 11 September and year-end will be "substantially larger" than the $690 million in US Government compensation it is due.
Source: Flight International
