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

3 English-Speaking Countries Ideal For A Part-Time Retirement Overseas
Huawei doubles down on smartphones as EV sales slow
Nvidia’s $6 trillion milestone looms. Here’s when options traders see it happening
Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
Why brands like E.l.f., Wendy’s and Gap are branching out into original music

Leave a Reply

Your email address will not be published.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