ATLANTA, April 23, 2007 – Delta Air Lines (Other OTC: DALRQ) today reported results for the quarter ended March 31, 2007.
Key points include:
- Delta’s operating profit for the March 2007 quarter was $155 million, the company’s fourth consecutive quarterly operating profit.
- Delta’s first quarter net loss was $130 million. Excluding reorganization items, the net loss was $6 million. 1,2
- On April 16, 2007, Delta announced its creditors overwhelmingly support the company’s plan of reorganization, with more than 95 percent of ballots cast in favor of the plan.
- As of March 31, 2007, Delta had $4.0 billion in cash, cash equivalents and short-term investments, of which $2.9 billion was unrestricted.