Summary Box: Delta Air Lines

AP News
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Posted: Apr 26, 2011 8:32 AM
Summary Box: Delta Air Lines

RED INK: Delta Air Lines Inc. lost $318 million during the first quarter as its fuel bill rose sharply.

WHAT TO DO? Raise fares. Delta says it's aiming to recover "the full cost of fuel on every flight, every day." It's also looking to cut costs.

WHAT ABOUT HEDGING? That helps, but it's not a cure-all. Delta has hedged almost half of its second-quarter fuel. It still expects to pay $3.26 per gallon, up almost 13 percent from $2.89 during the first quarter.