Major airlines facing major losses
Delta Air Lines Inc. and US Airways Group Inc. reported first-quarter losses today, bringing the total deficit for the five largest U.S. carriers to $951 million, Bloomberg reported.
The combined loss, excluding special items, widened from a year-ago deficit of $892 million. Climbing fuel costs have led four of the five largest airlines to slow growth plans for the year by cutting unprofitable flights or grounding planes.
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