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Delta reports $5.4 billion net loss in third quarter
Breitbart ^ | 10/13/2020 | UPI

Posted on 10/13/2020 9:46:00 AM PDT by ChicagoConservative27

Oct. 13 (UPI) — Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter and said improvements in customer traffic that could signal a slow turnaround for the carrier.

The company’s loss compared with a $1.5 billion profit during the same period a year ago. Revenue for the quarter was $3.06 billion, down 75.6% from the same period a year ago, the company reported.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: airlines; billion; delta; loss; net
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No worries, they will go crying to gin soaked Nancy for money and plus with all the mask karens on board nobody wants to fly.
1 posted on 10/13/2020 9:46:00 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

The airline industry won’t recover unless we end this lockdown. Coronavirus has changed everything!


2 posted on 10/13/2020 9:48:25 AM PDT by SeekAndFind
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To: ChicagoConservative27

“$5.4 billion”

How much is that in mask dollars?


3 posted on 10/13/2020 9:50:35 AM PDT by moovova
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To: ChicagoConservative27

Can’t imagine the cruise business is any better.


4 posted on 10/13/2020 9:53:03 AM PDT by immadashell (Save Innocent Lives - ban Gun Free Zones)
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To: ChicagoConservative27

The Chinese virus is working better than Xi dreamed.


5 posted on 10/13/2020 9:54:11 AM PDT by bray (Pray for President Trump)
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To: ChicagoConservative27

Flew an A320 flight with them just a few days ago. Only loading 4 seats per row thanks to Covid...77 total people on that flight.

Operating costs have to be 10k-12K per hour don’t see how they aren’t losing money on every plane they fly.

Max config of a 320 is 180 passengers with leaving middle seat open that means max capacity of 120 per flight and with an operating cost of 12k an hour.. just the operating cost is $100 per hour of flight.

Just don’t see how they are not hemorrhaging money with their current covid policy of not filling the plane.

Meanwhile flew 2 American jets down, both E175’s every seat filled on American.


6 posted on 10/13/2020 9:56:51 AM PDT by HamiltonJay
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To: ChicagoConservative27

It’s not so much nobody wants to fly, it’s that the short notice and lucrative business folk aren’t flying. Many can accomplish their biz online and through remote meeting by video chat.

I flew SW from San Antonio to San Jose a month ago. It was the best ride I’ve experienced in decades. But they can’t continue to burn fuel carrying 45 people on a 737-800.

The unions are balking at pay cuts so furloughs will be the answer until all segments of the flying public shed this insanity.


7 posted on 10/13/2020 9:57:07 AM PDT by CARTOUCHE (This response has been peer reviewed.)
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To: ChicagoConservative27

Delta is Ready for a Government Bailout When You Are.


8 posted on 10/13/2020 9:58:37 AM PDT by Meatspace
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To: immadashell

Cruise “futures” might be doing ok. Carnival already has cruises available in December. All my bookings have been 10-12 months in advance, so they might look better on paper.


9 posted on 10/13/2020 9:59:30 AM PDT by treetopsandroofs
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To: All
We have a friend that works for Delta, but she's in the shipping end of things, and they've still been busy as always sending cargo planes here and there, so hopefully her job is safe.

She got Beau a round-trip ticket to Alaska this summer for $500! Yes, he needed to be Covid-FRee (tested within 72 hours) and had to wear a mask on the plane, but he said it was worth the hassle to see Denali in person and hunt for moose.


10 posted on 10/13/2020 9:59:58 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set.)
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To: ChicagoConservative27

Too big to fail, give em 20 trillion to stay afloat.


11 posted on 10/13/2020 10:08:13 AM PDT by KobraKai
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To: ChicagoConservative27

It’s the Gay Airline. Delta was openly supporting and employing avowed homosexuals before it became “cool.” They displayed a giant LGBT rainbow on a building in Atlanta in celebration when the Obergefell decision came out. I felt physically sick at what was happening to our country, and they wanted to celebrate the decay. This is not to mention their service is crap. I hope Delta goes under.


12 posted on 10/13/2020 10:10:55 AM PDT by mikeus_maximus (This what a Godless society looks like. Expect it to get more violent and more perverse.)
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To: SeekAndFind

I say re-regulate the airlines and bring back cute stewardesses! Bring back Pan Am!


13 posted on 10/13/2020 10:12:09 AM PDT by HombreSecreto (The life of a repo man is always intense)
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To: ChicagoConservative27

Crash and burn.


14 posted on 10/13/2020 10:12:31 AM PDT by HighSierra5
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To: SeekAndFind
Maybe not even after that. I have traveled a lot from June-September on Southwest and Delta. There appear to be no business travelers anywhere. Businesses are learning how to do business remotely. And they are the highest profit segment of the business.
15 posted on 10/13/2020 10:14:22 AM PDT by Wally_Kalbacken
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To: ChicagoConservative27

Of course they wouldn’t think about dropping the bag surcharges and bringing back inflight meals to make flying more attractive. That’s too ‘80s.


16 posted on 10/13/2020 10:19:44 AM PDT by ScottinVA (First, letÂ’s deal with the election; then weÂ’ll deal with BLM.)
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To: ChicagoConservative27

As long as masks are mandated on flights, I’ll be seeing the world out the window of my Silverado.

The older I get, the less I wish to hurry.


17 posted on 10/13/2020 10:22:04 AM PDT by diplomatic_immunity
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To: ChicagoConservative27

How can you stay in business with a quarterly loss like that ?!


18 posted on 10/13/2020 10:28:28 AM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.d)
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To: ChicagoConservative27

Flying was unpleasant enough without being stuck wearing a suffocating smelly face diaper for hours and hours.


19 posted on 10/13/2020 10:37:04 AM PDT by Mr. Rabbit
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To: HamiltonJay

I flew on American aa few weeks ago, four flights with every seat filled (4 across seating). Miserable. Have flown 8 flights on Delta since then. In steerage with the middle seats of 6 across rows every aisle and window seat was filled, much more comfortable though masks get old real quick. Seems a lot more people are traveling every week, a lot more people have had enough.


20 posted on 10/13/2020 11:05:00 AM PDT by LibertyOh
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