Delta Air Lines, which posted an industry-high $1.1 billion net loss in the first quarter, warned that it expects to report a significant net loss for the remaining nine months of 2005 and warned that it may not have enough cash to meet its liquidity needs for the period. In a filing with the Securities and Exchange Commission, Delta said it does not expect to achieve the full $5 billion in targeted benefits under its transformation plan until the end of 2006. In addition, it is faced with ...

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