The nine largest US airlines posted a cumulative net loss of $3.43 billion in 2009, ATWOnline calculated, considerably improved over a net deficit of $25 billion in 2008 when heavy goodwill impairment charges and Delta Air Lines/Northwest Airlines merger costs weighed down the collective bottom line. Operating loss was $532 million, significantly narrowed from a $22.15 billion operating deficit the prior year. A brightening economic environment in the second half of the year helped four of ...

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