Where else on Earth can you lose $88 million in one month, and state your “recovery is progressing”.

Delta Air Lines, operating under bankrupty protection, reports today that it narrowed its loss in October to 88 (m) million dollars.

The Atlanta-based carrier is the nation’s third largest. It says its loss in the 31-day period commpares to a loss of 301 (m) million dollars for the same month last year.

Excluding reorganization items, Delta says its loss in October was 64 (m) million dollars.

It’s good that they have $2.7 billion on cash on hand, because now they are calling some of their pilots back to work.

Delta Air Lines says it’s bringing back another wave of idled employees — this time 200 pilots — as its recovery plan proceeds despite a takeover attempt by US Airways.

Delta, which has also recently announced recalls of hundreds of flight attendants, mechanics and other employees in coming months, said Wednesday it plans to gradually call the pilots back to training classes starting in January.

This is all well and good, but if they keep losing $88 million per month, they only have 31 months left. They better start turning a profit, like quick.

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