28 January 2009

Detla reports worst single loss in history

For non-impairment costs - DL took a lot to beat. Despite both NW and DL writing down items earlier in the year to the tune of more than $2 billion before the merger - post the coupling DL't total for goodwill write off was an astounding $7.3 Billion making the total loss for the combined carrier to just under $9billion. Pass the hat please.

If we look back over the past few years - we can see that DL took more in losses than any other airline. So perhaps you could say that they write downs leave them with almost no goodwill but a relatively strong balance sheet.

Perhaps this is why they denied me EP status despite flying more than 126,000 miles on them last year. Still I too am hopeful and dream of that iPod....

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