The worlds largest carrier has just reported a huge lose of around $794 million in the first quarter due to the lower demand for travel during the recession.

The net lose is around 95 cents per share. Excluding the costs for severance and merger expense, the lose was around 85 cents per share.

Delta have added a $50 fee for passengers wanting to take a second bag on a over seas flight, this has been estimated to help generate around $100 million a year. They are also going to ground all the Boeing 747-200 that they acquired from the take over of Northwest Airlines due to the planes being inefficient and cargo revenue has decreased.

‘We remain focused on making disciplined decisions about capacity, costs and capital, achieving merger synergies and finding new sources of revenue,’ Chief Executive Officer Richard Anderson said.

Delta has now lost money for the sixth quarter in a row, the company has reported $101 million in one-time costs. This includes $50 million for severance payments to workers who took buyouts and $49 million for merger expenses.