Delta Air; Northwest Air; Boeing
Fly em or build em? Fly em...
Delta Air and Northwest Airlines blamed surging fuel prices for Q1 losses as they prepare to combine to form the world's largest carrier.
Delta's loss, was $274 million. Northwest had a loss of $191 million
Their deficits mean that all five of the biggest U.S. carriers were unprofitable last quarter, when jet-fuel prices jumped 63% from a year earlier.
US Airways will post a loss tomorrow. Today's losses pushed the deficit among major U.S. carriers to $1.38 billion.
Build em... Boeing's earnings topped estimates, sales +4%;
but reaffirmed its full year 2008 earnings guidance below the consensus estimate.
Boeing said Q1 profit jumped 38%, more than expected, as the world's #2 planemaker built a record backlog,
and increased deliveries +8.5% with 66% of its business going overseas.
Delta Air and Northwest Airlines blamed surging fuel prices for Q1 losses as they prepare to combine to form the world's largest carrier.
Delta's loss, was $274 million. Northwest had a loss of $191 million
Their deficits mean that all five of the biggest U.S. carriers were unprofitable last quarter, when jet-fuel prices jumped 63% from a year earlier.
US Airways will post a loss tomorrow. Today's losses pushed the deficit among major U.S. carriers to $1.38 billion.
Build em... Boeing's earnings topped estimates, sales +4%;
but reaffirmed its full year 2008 earnings guidance below the consensus estimate.
Boeing said Q1 profit jumped 38%, more than expected, as the world's #2 planemaker built a record backlog,
and increased deliveries +8.5% with 66% of its business going overseas.
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