Delta, one of the largest airlines in the United States, today announced its financial results for the third quarter of 2020.
The carrier reported $ 2.6 billion net loss before tax for the September quarter while it made a profit of approximately 2 Billion Dollars in the same period last year.
Covid-19 crisis deeply affected airlines around the world and Delta is no exempt to this. The US giant reported a revenue of 2.645 Billion Dollars with 79% decrease year on year.
Ed Bastian, Delta’s Chief Executive Officer said:
”While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn.”
”The actions we are taking now to take care of our people, simplify our fleet, improve the customer experience, and strengthen our brand will allow Delta to accelerate into a post-COVID recovery.”
Delta received $ 5.4 billion in financial support from the US government in April.
Approximately 18,000 employees left the company at the beginning of August through voluntary separation and early retirement programs.
This post was published on 13 October 2020 11:06 pm