Earnings

Delta Air Lines (DAL) results Q3 2020: $5.4 billion loss

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Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S.

Elijah Nouvelage | Reuters

Delta Air Lines on Tuesday posted another multibillion-dollar net loss after the coronavirus pandemic roiled what is usually the peak travel period of the year. The carrier warned it could take years to recover.

Kicking off third-quarter reporting for the beleaguered airline sector, Delta said its net loss was $5.4 billion in the third quarter, compared with a profit of $1.5 billion in the year-earlier period. It said revenue dropped 76% from $12.56…



Source cnbc.com

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