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Delta boss upbeat about US demand recovery

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

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