Severely affected by soaring fuel costs, US airlines staggered out of the starting gate in 2008, with the nation's 10 largest carriers posting a cumulative net loss of $11.76 billion. The US industry's recovery--perhaps the story in global air transport circles last year--rather abruptly has become a thing of the past. Delta Air Lines' and Northwest Airlines' noncash goodwill impairment charges totaling $10 billion made the quarter look much worse than it actually was. Still, the 10 ...

Subscribe to Access this Entire Article

"Recovery Comes to Crashing Halt" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.