Several billion dollars of special charges dominated the U.S. airline industry’s first two second-quarter financial reports, and resulted in huge net losses for both American and Delta. The charges, $1.2 billion mostly for asset revaluation for American and more than $1 billion in lost goodwill for Delta, came in a tough quarter that saw the Dallas/Fort Worth-based airline post a $126 million operating loss without its one-time items. Delta was able to record an operating profit of $137 ...


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