AMR Defers Delivery Of 54 Boeing Aircraft
The financial situations at both American and Delta just aren't
getting any better. At Delta, a fourth quarter loss of $2.2 billion
made 2004 the airline's worst-ever. At American, continued losses
have forced the carrier to forego 54 of 56 aircraft ordered from
Boeing. The trickle-down economics of aviation have, for these
airlines, become torrents of red ink. And yet, through it all,
low-cost carrier Southwest continues to profit.