Delta loses $1.24 billion in 2009

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Delta Air Lines (Atlanta) reported financial results for the December quarter and full year 2009.  Key points include:

  • Delta’s net loss excluding special items for the December 2009 quarter was $225 million.  This result is $285 million better than the prior year quarter on a combined basis excluding special items.
  • Delta’s net loss was $25 million for theDecember 2009 quarter.
  • Delta’s net loss for 2009 was $1.2 billion, including $169 million in special items.  Excluding special items and $1.4 billion of fuel hedge losses, Delta’s net profit for 2009 was $291 million.
  • Delta ended 2009 with $5.4 billion in unrestricted liquidity, a $400 million increase year over year.
  • Delta continued its successful integration of Northwest Airlines and received approval from the Federal Aviation Administration for a single operating certificate at year end.

Full press release: