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ATLANTA (AP) - Delta Air Lines Inc., which is operating under bankruptcy protection, expects to post a loss of $2.16 billion excluding special items for 2005 because of soaring fuel prices, its chief financial officer told a group of the company's pilots Wednesday.
The projection by CFO Edward Bastian was made during a private presentation to Delta pilots and released publicly later in a Securities and Exchange Commission filing. Delta is the nation's third-largest carrier after AMR Corp.'s American Airlines and UAL Corp.'s United Airlines.
Atlanta-based Delta, which filed for Chapter 11 in New York on Sept. 14, is expected to release its third-quarter results on Nov. 9.
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