Alcoa Inc. kicked off the fourth-quarter 2009 earnings season with a $277 million loss, reporting lower sales in the construction, aerospace, commercial-building and gas-turbine markets. While the fourth-quarter loss is not as steep as its $1.2 billion fourth-quarter loss a year earlier, the aluminum maker’s results show that it hasn’t roared back into profitability yet, despite massive restructuring, layoffs, idling of plants and steep cuts in capital spending and dividends.
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