Delta Air Lines reports quarter net loss of $794 million

Delta’s reported net loss for the March 2009 quarter was $794 million, or $0.96 per diluted share. “Despite the worst economic recession in our lifetime, the fundamental strength of Delta’s business allowed us to deliver breakeven results this quarter, excluding fuel hedge losses and special items” said Richard Anderson, Delta’s chief executive officer. “We remain focused on making disciplined decisions about capacity, costs and capital, achieving merger synergies and finding new sources of revenue.”