Delta, American Report Bleak Financials

Brace yourselves for a rough landing. It's getting ugly for the nation's airlines. This morning, Delta Airlines reported a $1.0 billion net loss for the second quarter while American reported a net loss of $1.4 billion. Financial reports also scheduled for release Thursday by Continental and other carriers next week will give travelers and investors a closer look at the health of the airline industry. With carriers paying higher prices for jet fuel than ever before, quarterly earnings reports...Full Story