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Delta Air Lines chief executive Richard Anderson and other executives said the carrier was somewhat insulated from the economic downturn. (By Chris Rank -- Bloomberg News) Washington Post Staff Writer Thursday, October 16, 2008; Page D01 For much of the year, it appeared the surging price of oil would be the chief challenge facing the airline industry. Now airline executives are bracing for another threat: the deteriorating economy. To counter higher fuel costs, most major U.S. airlines have been operating in survival mode for much of the year -- piling on fees, cutting routes and taking planes out of service. But even those actions have done little to eliminate losses. American Airlines parent AMR reported a $45 million profit for the third quarter yesterday, but the carrier's results were boosted by the sale of an investing... [read full story]
