20-Jul-2010 3:43 PM
Delta reports best operating margin in decade with half billion in profits
Analysis
Sometimes, no matter what you do, it is just not enough. That was the case yesterday after Delta reported half a billion in profits for the second quarter which constituted a USD748 million swing from 2Q2009. But, that was not good enough for Wall Street which immediately sent airline stocks falling. In an ominous sign for regionals, Delta is replacing its expensive small RJs with mainline capacity which pilot unions will cheer.
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