Delta Air Lines has admitted that it lost $300m in January, bringing its total accumulated losses over the last four months to a spectacular $1.5bn. The number three airline in the US, which is currently

in Chapter 11 bankruptcy protection, claimed that $87m of the latest losses were related to bankruptcy reorganisation costs.
The latest loss disclosure comes on the back of Delta's fourth-quarter net loss of $1.2bn. For the full year 2005, Delta?s net loss was $3.8bn.