|
ATLANTA (AP) - Delta Air Lines Inc. reported Friday its loss narrowed in November to $49 million, which analysts said may bode well for the nation's third-largest carrier to fly solo when it emerges from bankruptcy. The news comes as Atlanta-based Delta is trying to fend off a hostile takeover bid from Tempe, Ariz.-based US Airways Group Inc.
The November figure compares with a $181 million loss it posted for the same month a year ago, the company said in a monthly operating report it filed with the U.S. Bankruptcy Court in New York.
"It's a move in the right direction. And if they want to remain independent, continuing improvement and results are necessary," said George Hamlin, vice president of business consulting for aviation firm Morten Beyer & Agnew.
|