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Tuesday, January 26, 2010 - 9:58am

Delta 4Q Loss Better Than Expected

Updated: 4 years ago.
Delta reports its fourth-quarter loss was better than the same period in 2008.

Delta Air Lines says its net loss of $25 million for last year’s fourth-quarter was much smaller than the year earlier.

The world’s biggest airline says the loss represents a drop of $.03 a share. But the carrier’s earnings report did show it was a result nearly $300 million better than 2008’s fourth-quarter.

And revenue for the company increased 1 percent, to $6.8 billion.

Looking ahead, officials with Atlanta-based Delta expect their system capacity to be down 3 to 5 percent for the first quarter of this year.

Meanwhile, Delta announced this week it’s committed to spending up to $1 billion dollars over the next 3-and-a-half years to upgrade its customer services.

The airline says improvements will include more entertainment options for passengers in coach cabins, lie-flat seats for premium international customers, and airport VIP lounges.

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