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Delta posts 4Q loss after writing down fuel-hedging deals

2015-01-20 15:09:18| Airlines - Topix.net

Delta Air Lines Inc. reported a fourth-quarter loss because falling oil prices led it to write down the value of its fuel-hedging contracts, but the airline's results were still better than Wall Street expected. Excluding those items, Delta would have earned $649 million, or 78 cents per share.

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