U.S. Airline 4Q Losses Expected To Top $2 Billion
U.S. major airlines are expected to report a $2.3 billion net loss for 2004 when results are unveiled this month, predicts Merrill Lynch. "Although passenger volumes are back to 2000 levels, revenues are not," says analyst Michael Linenberg. Yield is expected to drop 2.1% to 12.55 cents, which is...
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