AJC: Delta posts $55 million profit in February

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http://www.ajc.com/business/content/business/delta/stories/2007/03/29/0329bizdeltaprofit.html?cxntnid=bn032907e

Delta posts $55 million profit in February

By RUSSELL GRANTHAM
The Atlanta Journal-Constitution
Published on: 03/29/07

Delta Air Lines reported a $55 million profit for the month of February as
it heads toward its expected emergence from Chapter 11 in a little over a
month.

The profitable month, which compared to a $209 million loss a year
earlier, is one of a smattering of months in the past year in which the
Atlanta-based carrier has been in the black.

However, if restructuring items are excluded, Delta had a $43 million loss
for the month -- but that is still $95 million better than the
year-earlier period.

The financial results were disclosed in a monthly operating report for the
28-day period that was filed with the U.S. Bankruptcy Court in New York.

Delta said it ended the month with $2.7 billion in unrestricted cash.

Earlier this week, Delta executives told industry analysts gathered in
Atlanta that the airline also expects to report a $25 million to $50
million profit in the first quarter, which is typically a slow sales
period for the airline industry.

Delta is expected to emerge from bankruptcy on April 30. It filed for
Chapter 11 protection from creditors in September 2005.

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