*Delta reports operational profit, net loss for 1Q07

[DAL767-400ER]

http://biz.yahoo.com/pz/070423/117886.html
ATLANTA, April 23, 2007 (PRIME NEWSWIRE) -- Delta Air Lines (Other OTC:DALRQ.PK - News) today reported results for the quarter ended March 31, 2007. Key points include:

* Delta's operating profit for the March 2007 quarter was $155
million, the company's fourth consecutive quarterly operating
profit.

* Delta's first quarter net loss was $130 million. Excluding
reorganization items, the net loss was $6 million. 1,2

* On April 16, 2007, Delta announced its creditors overwhelmingly
support the company's plan of reorganization, with more than 95
percent of ballots cast in favor of the plan.

* As of March 31, 2007, Delta had $4.0 billion in cash, cash
equivalents and short-term investments, of which $2.9 billion was
unrestricted.

[gspitnl]

Four consecutive operating profits is sure nice to see from DL. Will be a great site to see them emerge from BK this year.

[Bok269]

Good to hear. They are emerging in one week, correct?

[DAL767-400ER]

Correct. April 30th will mark the end of their stay in CH11, and given the weird mathmatics surrounding CH11, they'll propably announce a $10+ billion profit for Q2, though that will be just a paper profit obviously.

[DeltaFlyer]

Court approval of our Plan of Reorg is set for 25 April, if all goes well at the hearing and the judge approves the POR we will be emerging from Bankruptcy shortly afterward, JG is saying by 30 April...The creditors approved the POR by an almost 95% majority so there is no reason to believe that the judge wont approve it...woo hoo...the light at the end of the tunnel is coming quick...and it is not a train in the opposite direction..