Delta reports $1.4B 4Q loss; Shares plunge (AP)

In this April 14, 2008 file photo, Delta Air Lines ticket agents talk shortly after the carrier announced a merger with Northwest Airlines, at Hartsfield-Jackson International Airport in Atlanta. Delta Air Lines lost $1.4 billion in the final three months of last year as it recorded a massive charge related to employee stock awards and wasn't able to fully benefit from the decline in oil prices because of bad bets on fuel hedges. Excluding special items, Delta said Tuesday, Jan. 27, 2009, it lost $340 million, or 50 cents a share. (AP Photo/John Amis, file)AP – Delta Air Lines Inc., the world’s biggest carrier, said Tuesday it lost $1.4 billion in the final three months of 2008 as it recorded a massive charge related to employee stock awards and wasn’t able to fully benefit from the decline in oil prices because of bad bets on fuel hedges. Delta shares fell nearly 18 percent in early trading.

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