Delta Air Lines reported a second-quarter profit of $652 million as domestic leisure travel recovered to 2019 levels and it recuperated from the devasting impact of the COVID-19 pandemic.
Delta’s profit, the first for five quarters, was boosted by$US1.5 billion in government payroll aid and translated to an $US881 million pre-tax loss when this was excluded.
Revenue was down 49 percent versus the June 2019 quarter but the airline posted a 76 percent rise compared to the March quarter to hit $US6.3 billion.
READ: COVID pricing helps Delta fleet renewal.
The result surpassed analysts’ expectations and Delta chief executive Ed Bastian was bullish read more ⇒
Source:: AirlineRatings.Com