Tuesday, March 27, 2007

Delta Air sees 2007 pretax profit

(Reuters) - Delta, which plans to relist on the stock market in early May, said it expected to reduce net debt to $7.6 billion in 2007, compared with $16.9 billion as of June 30, 2005. The company expects to have a market value of about $10 billion.

Speaking on a Webcast of an investors; meeting, Delta Chief Executive Gerald Grinstein said he hopes the carrier chooses an internal candidate to replace him when he steps down after the company exits bankruptcy.


Read more at Reuters.com Business News

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