Delta Air Lines, the focus of rampant merger speculation, posted net income of $1.61 billion for 2007, reversed from a loss of $6.2 billion in 2006, with both figures skewed by the carrier's bankruptcy restructuring. Discounting extraordinary gains upon its April 30 emergence from Chapter 11, DL reported 2007 pre-tax income of $604 million, reversed from a pre-tax loss excluding reorganization items of $762 million in the prior year. Its fourth-quarter net loss was $70 million owing ...

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