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Delta to halve cash burn as it turns focus to choppy coronavirus recovery

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Home Blogs > Business
Apr 22 '20 | By oiam2companyadmin | Views: 45 | Comments: 0

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Delta Air Lines Inc has taken steps to halve its cash burn to $50 million per day through June after posting its first quarterly loss in eight years, and is bracing for a two to three year recovery from the coronavirus pandemic."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.
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Source: https://www.reuters.com/article/us-delta-air-results/delta-to-halve-cash-burn-as-it-turns-focus-to-choppy-coronavirus-recovery-idUSKCN2241J7?feedType=RSS&feedName=businessNews

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