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Delta Air Lines to take $1.65bn charge
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| Delta Air Lines on Tuesday said it will record non cash charges of $1.65 billion in the second quarter related to deferred income taxes and its pilot pension plan. |
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| Updated |
Jul 13, 2004 16:07:17 |
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0 | | Author | Financial Times |
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| Similar news: | - Delta's position worsens with $1.65bn charge - Delta will take a $1.65bn non-cash charge in the second quarter because of uncertainty about when it will generate sufficient taxable income to take advantage of its $1.53bn of deferred income tax assets.
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- Delta Air Lines quarterly loss narrows - Delta Air Lines , the No. 3U.S. carrier, posted a narrower second-quarter loss on Thursdayas it cut costs aggressively amid tough competition and highoil prices.
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