Delta
... billion in the last four years which also highlights the vulnerability of the nation’s entire airline industry. Major prediction by industry experts is that, about 50% of the airline industry capacity will be operated under bankruptcy court protection by the end of 2004 and increasing to perhaps 70% by mid 2005. 2) The whole industry is taken in a toll with the increasing prices of oil and jet fuel, which are further adding on to the costs of operation. This is again adding to the losses for Delta and the airline industry. Price of the Jet fuel has risen 75% in 2004. 3) Delta said it could have a net quarterly loss of $675 million, or $5.39 a share compared with last year third quarter loss of $164 million or a $1.36 per share. If Delta doesn’t file bankruptcy this year, it might have to do it the next year because of the need to raise $800 million in new financing. Some airlines carriers have been successful after emerging f...