Delta Air Lines Narrows Loss But Misses Earnings Estimates


Delta Air Lines (DAL) reported a narrower fourth-quarter loss Tuesday, helped by lower fuel costs and declining restructuring charges, but results failed to meet Wall Street's expectations. The world's largest carrier by revenue, posted a net loss of $25 million, or 3 cents a share, versus a fourth-quarter 2008 loss of $1.44 billion, or $2.11. On an adjusted basis, the Atlanta-based company reported a loss of 27 cents a share, missing analysts' average estimate by 3 cents, according to Thomson Reuters.