Delta Air Lines said it will cut by half the flights it had planned to add in August. The carrier also warned that it’ll be more than two years before the industry sees a sustainable recovery
) expects its third-quarter revenue and flight capacity to be around 20% to 25% of last summer, with demand stalling amid a surge in COVID-19 cases and a sustainable industry recovery more than two years away.Leisure demand that built up over June for travel to places like Las Vegas, Florida or New York has suffered due to fresh infections and quarantines, while growing to some mountain and international destinations.
The pandemic has forced airlines globally to park planes, cut costs and raise capital to stem losses. It sees the July burn rate steady at $27 million a day, with improvements as people feel more comfortable traveling.
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