"Growth has stalled": Surge in US infections hits Delta
Source: Associated Press
By DAVID KOENIG
an hour ago
https://apnews.com/7f3eeda6ae45cfbd36eaa9439f2daf9f/gallery/cf52f12ec7f54b9e9ef00d708c72e707
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.
Growth has stalled, Delta CEO Ed Bastian said. It was growing at a pretty nice clip through June. The virus, unfortunately, was also growing.
Bastian said it will take more than two years for the airline to make a sustainable recovery from the virus and the harm it is doing to the global economy.
Delta is the first U.S. airline to report financial results for the May-through-June quarter, and the numbers were ugly.
Read more: https://apnews.com/7f3eeda6ae45cfbd36eaa9439f2daf9f
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The airline raised $11 billion during the second quarter by mortgaging assets such as takeoff and landing slots, airport gates, and routes, and getting an unsecured loan from the government part of $5.4 billion in federal aid to help pay workers through Sept. 30.
Delta has signed an agreement with the Treasury Department for an additional secured loan of $4.6 billion but hasnt decided whether to take the money it could find better terms on the private market.
Wellstone ruled
(34,661 posts)Delta Employees. Smells like a major lay off is about two weeks away.
Some Vegas Hotels are not taking Reservations from Monday thru Thursday. Only Friday thru Sunday.
ResistantAmerican17
(3,844 posts)Drumph, melanoma, and those three douchebags are a vortex of stupidity. People are hurting- jezus.
bucolic_frolic
(43,476 posts)DAL is no exception. So underwater only by a few hairs.
Thanks for the post. No time to watch these things on food shopping days.
BTW, the stores are lightly stocked now. It appears they have everything, but some items occupy three large shelf spaces in several parts of the store, so it appears the shelves are full.
And I didn't see a can of radiator flush all day.
PSPS
(13,635 posts)jayfish
(10,040 posts)At a cursory glance the headline reads that CV infection growth has stalled and hit some delta against previous growth.