Delta Air still burning cash as COVID-19 recovery remains elusive
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UPDATE: Delta Air Lines (DAL) Reports Q3 Revenues Miss
October 13, 2020 8:38 AM EDT(Updated - October 13, 2020 8:39 AM EDT)
Delta Air Lines (NYSE: DAL) reported Q3 EPS of ($8.47), $5.47 worse than the analyst estimate of ($3.00). Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $3.11 billion.
September Quarter Financial Results
Adjusted pre-tax loss of $2.6 billion excludes $4.0 billion of items directly related to the impact of COVID-19 and the company's response, including fleet-related restructuring charges and charges for voluntary separation and early retirement programs for Delta employees, which... More