Delta Air Lines expects revenue over the next three months to be down 90%, with no end of the industry's troubles in sight
New York Delta Air Lines expects revenue over the next three months to be down 90%, with no end of the industry's troubles in sight.
"Even as Delta is burning more than $60 million in cash every day, we know we still haven't seen the bottom," said CEO Ed Bastian warned employees that Friday. He said April's schedule will be down"at least 80% smaller than originally planned, with 115,000 flights canceled."As an example of the drop in traffic he said that on March 28, Delta carried only 38,000 customers, versus its normal late-March Saturday of traffic of 600,000.
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