Delta expects cash balance to grow
ATLANTA - December 15, 2009 -- Delta Air Lines, the world's biggest airline, is expecting to increase cash in 2010 despite more than $1.1 billion in pension expenses and funding requirements planned for next year.
The airline said in a presentation filed with the Securities and Exchange Commission Tuesday ahead of an investor conference that it projects it will end 2010 with $5.4 billion in unrestricted liquidity, up from the $5.1 billion it expects to end this year with.
Delta says capacity will be flat in 2010 compared to this year.
Delta, based in Atlanta, is targeting $600 million in new cost savings and productivity enhancements next year.
Ancillary revenue, which includes bag fees and other add-on charges, has been a key source of revenue for airlines.
delta airlines, business/finance
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