Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the 'staggering' impact of ...
CHICAGO: Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the"staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.
Delta stuck to its target to halt a daily cash burn, which hit US$100 million at the start of the pandemic, by the end of the year, though Bastian warned it hinges on demand. It already received US$5.4 billion to cover payroll through September under the U.S. government stimulus package. Southwest Airlines too is limiting seating capacity through September, but rivals American Airlines and United Airlines have added thousands of flights with all seats for sale on hopes of picking up leisure summer demand.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delta may avoid furloughs thanks to demand for early exit dealDelta Air Lines may be able to avoid involuntary furloughs in the fall after receiving interest from more than 15,000 employees for early exit ...
Read more »
Google supports OECD engagement on digital taxes, CEO Pichai saysAlphabet Inc's Google supports a multilateral solution for taxing digital services that is under discussion by the Organisation for Economic ...
Read more »
Oil prices drop on demand recovery fears amid US virus surgeOil prices fell around 2per cent in early trade on Tuesday on worries that new clampdowns on businesses to stem surging coronavirus cases in ...
Read more »
Turkmenistan halts passenger trains amid coronavirus reportsASHGABAT, TURKMENISTAN (AFP) - Turkmenistan has ordered passenger trains halted from Thursday (July 16) amid reports of coronavirus in the isolated Central Asian country that has yet to declare any cases.. Read more at straitstimes.com.
Read more »
Two US bases on Okinawa locked down over virus spikeTOKYO (AFP, REUTERS) - Two US Marine bases in Japan's Okinawa have been put into lockdown after dozens of coronavirus infections, with local officials criticising the American military's containment efforts.. Read more at straitstimes.com.
Read more »
Delta may avoid furloughs thanks to demand for early exit dealDelta Air Lines may be able to avoid involuntary furloughs in the fall after receiving interest from more than 15,000 employees for early exit ...
Read more »