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Delta posts $5.4 billion loss in another brutal quarter for airline industry

October 13, 2020

Via: NBC News

Delta Air Lines reported a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the peak travel period of the year.

Delta’s revenue dropped by more than 75 percent from $12.56 billion a year ago to $3.06 billion in the three months ended Sept. 30, slightly under analysts’ forecasts for $3.1 billion, it said Tuesday, kicking off third-quarter reporting for the beleaguered sector. Delta’s president warned revenues may not normalize for “two years or more.”

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