Optimistic Delta chief offers ray of hope for US airlines

Delta Air Lines has injected a ray of hope into the US airline industry with predictions of a sustained improvement in this year’s second half after ending a horror 2020 with a pre-tax loss of $US9 billion.

The airline still expects to burn $US10 to $15 million in cash per day in the first quarter of 2021 with revenues down 35 to 40 percent.

But it predicts this will be followed by an “inflection point” in the northern spring as vaccine distribution continues, travel restrictions ease and consumer confidence grows.

READ: Unruly passengers face $US35,000 fine, jail in FAA crackdown.

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Source:: AirlineRatings.Com

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