Mobissimo

Well no, most of this was a financial restructure.  However, how do companies lose that much money in three months?  I don't get it, I mean the rise in gas prices is absorbed by customers, there was no major loss of traffic, please explain it to me.

ATLANTA (AP) — Delta, the nation's third-largest carrier, reported Thursday a first-quarter loss of $2.1 billion, plunging the beleaguered airline into deeper financial straits.

Excluding a flurry of bankruptcy restructuring costs, however, the Atlanta-based airline's losses are a tamer $356 million for the January to March period.

How is $356m tamer?  While a federal bailout is probably around the corner, the big three, and the other lesser airlines like US Air and America West need to do something and do something fast.  It has been a long time since 9/11 and the restructuring that was to take place should be well implemented by now.  It just shows that the legacy airlines will always think and be run the same way, antiquated.