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Last Updated: Tuesday, 27 March 2007, 16:00 GMT 17:00 UK
Delta sees end to bankruptcy woe
Delta Air Lines planes
The carrier went into bankruptcy protection in September 2005.
Delta Air Lines has said that it should emerge from bankruptcy sooner than it expected, and would swing into operating profit this year.

The troubled US carrier said it expected to earn a pre-tax operating profit of $816m (415m) in 2007 compared with a loss of $452m in 2006.

Delta, operating under Chapter 11 bankruptcy protection, said it would emerge from bankruptcy by late April.

It had previously not expected this to happen until May.

The predictions were made in documents filed with markets watchdog, the Securities and Exchange Commission (SEC).

The airline applied for bankruptcy protection in September 2005, as it battled against pressures from higher fuel bills and a struggled to win back passengers after the September 11 attacks.

In February, the carrier announced it had lost $1.98bn over the past three months of 2006, against a $1.24bn loss a year before.

In January, Delta's creditors backed plans for the airline to remain independent, as its board rejected plans for a merger with US Airways.


SEE ALSO
Delta sees quarterly losses widen
14 Feb 07 |  Business
US Airways abandons Delta offer
31 Jan 07 |  Business
Delta gains bankruptcy financing
30 Jan 07 |  Business
US Airways raises offer for Delta
10 Jan 07 |  Business
Delta rejects US Airways merger
19 Dec 06 |  Business

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