Delta Air Lines loses $5.2 billion in 2004

Delta Air Lines loses $5.2 billion in 2004    Atlanta-based Delta Air Lines reported a net loss of $5.2 billion for the year ended Dec. 31, compared to a net loss of $773 million for 2003.
   Delta also reported a fourth-quarter net loss of $2.2 billion, including non-cash charges totaling $1.4 billion, compared to a net loss of $327 million in 2003.
   Delta’s cargo revenue increased 7.1 percent to $500 million from $467 million in 2003.
   “High fuel prices and domestic yields that continue to decline resulted in another quarter of disappointing results. These numbers show clearly the difficulties our airline will continue to face in 2005,” said Gerald Grinstein, Delta’s chief executive officer.