Delta to halve cash burn as it braces for sluggish recovery from pandemic

Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, but said its daily cash burn would halve through June as it braces for a recovery that could take two to three years. "We should be prepared for a choppy, sluggish recovery even after the virus is contained," Chief Executive Ed Bastian said in an employee memo on Wednesday.

Source: https://www.reuters.com/article/us-delta-air-results/delta-to-halve-cash-burn-as-it-braces-for-sluggish-recovery-from-pandemic-idUSKCN2241J7?feedType=RSS&feedName=businessNews