Delta warns second-quarter revenue to fall $10 billion because of coronavirus

Business

Delta’s first Airbus A350 in Atlanta.

Leslie Josephs | CNBC

Delta Air Lines CEO warned Friday that the airline’s second-quarter revenue will be down 80% — or $10 billion — from the same quarter a year ago because of coronavirus.

Executives say demand has collapsed because of the illness, forcing them to encourage workers to take unpaid leave. The carriers are on edge and are betting on a government bailout to help soften the blow of the disease’s impact on their business. 

This is breaking news. Please check back for updates.

Articles You May Like

How to optimize your holiday travel budget on ‘Travel Tuesday’
TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story
Trump Tax Cuts And 11 Other Reasons To Skip A Roth Conversion
How To Have Difficult Conversations With Stubborn Aging Parents
The must-have gift of the season may be a ‘dupe’

Leave a Reply

Your email address will not be published. Required fields are marked *