This is a multi-part message in MIME format. ------=_NextPart_000_0063_01C5BAFA.00F0D260 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable AT&T sees $90 mln loss for plane leases=20 =09 <http://money.excite.com/img/bus.gif> =09 Friday September 16, 5:12 PM EDT=20 LOS ANGELES (Reuters) - AT&T Corp. (T <http://money.excite.com/jsp/qt/full.jsp?symbol_search_text=3DT> ) said = on Friday that it would take a $90 million charge for its investment in aircraft leases to Delta Air Lines Inc. (DAL <http://money.excite.com/jsp/qt/full.jsp?symbol_search_text=3DDAL> ) and Northwest Airlines Corp. (NWAC <http://money.excite.com/jsp/qt/full.jsp?symbol_search_text=3DNWAC> ), both of which filed for Chapter 11 bankruptcy earlier this week. AT&T Corp., which has agreed to be acquired by SBC Communications (SBC <http://money.excite.com/jsp/qt/full.jsp?symbol_search_text=3DSBC> ), = said in a regulatory filing that its net profit would be lower by about $50 million. Shares in AT&T were unchanged from their New York Stock Exchange closing price of $19.90. Owning and renting out planes was lucrative before the downturn of the airline industry. Investors in leases got a steady stream of income, plus tax benefits on depreciation of the planes and on interest payments against loans taken out against them. =09 On Thursday, computer services company Electronic Data Systems Corp. (EDS <http://money.excite.com/jsp/qt/full.jsp?symbol_search_text=3DEDS> = ) said it would take a third-quarter charge to write down the value of its aircraft leases with Delta Airlines. EDS leases with Delta represent about $26 million of EDS' overall investment in aircraft leases, which totaled $91 million, as of June 30. Walt Disney Co. (DIS <http://money.excite.com/jsp/qt/full.jsp?symbol_search_text=3DDIS> ) = said on Wednesday that it may have to write down $100 million of Delta leases. The airline industry's sagging fortunes created a glut of aircraft on the market, causing leasing prices to decline and driving down the value of aircraft. =A92005 Reuters Limited.=20 ------=_NextPart_000_0063_01C5BAFA.00F0D260 Content-Type: image/gif; name="bus.gif" Content-Transfer-Encoding: base64 Content-Location: http://money.excite.com/img/bus.gif R0lGODlhZAARALP/AP/////Xwf+MOcrK6p+f3GZmwjU1rQMDlwAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAACwAAAAAZAARAEAE/xDISau9OOvNNSEDVxxkeRjhYJKFpB4EZRzt9IbTuOL6auQmQ60SCACM PdOww2w6nx1CAbRJkgwxwMunJeEks9ZsdQVYWWYydkIgf4kCQaEwGNMuo59EF2urXXYlWTZeFGd3 eUAwAH47GAFxc3UlS1CWl5iPaZQZiS4kMTcWL4MAYRSiQHoVnl13fm8WkAKzkkKTpXsnYLufB7Gu g7iohap4vTOrFq0Ss7V0tzO5mdTVTUhBwNbb3J1X06gf4rHi5TgfFQNU6uXjWu0fKe3a5RrPk73L LAV2KVdzAIPJQDRnjJA5mwDOiaEDYAl/JwpWakbxjDJVAzL6CcXCncAJp3QI/TJ0op4uFBpBuaKT 8YKzSNCg3WF1ZcyQFwfp+HoTcifJnEN0GLCZTgpRCi/lxJw00ZOfGi+mmGz4YcybVLpgmEujZyNI qQR6TjByZFM2C1KELdSiUKEhfrfw6GTTdm1aG2sZwZ2irRlMfBe7CR68SciFCAA7 ------=_NextPart_000_0063_01C5BAFA.00F0D260--
