Delta Air Lines will kick off the flood of red ink on Tuesday when it reports results.Airlines did manage to shave losses by trimming costs -- including labor, as employees took buyouts and early retirement packages and agreed to unpaid furloughs. And there was a modest pickup in travel during the summer travel season. Yet it's not much better than the previous disastrous quarter: Wall Street analysts forecast industry sales will be down 75% in the third quarter.
There was bipartisan support for a second package of federal help to prevent those cuts, but hopes for that assistance died when Congress and the Trump administration failed to agree on another Covid stimulus package.Every US airline lost money in the second quarter. And virtually all are expected to report a full-year loss, including Southwest , which had reported 47 consecutive years of profitability through 2019.
Mmmmmm so why should we really care. Let’s be honest. The airlines have been screwing over consumers FOR YEARS. So miss me with the pity party BS
But Trump says you have the greatest economy ever how can that be
People don’t have the money to fly. Even if they were bailed out it will be the same story in 6 months. They need to cut down their flights and employees.
Awww that too bad
Is that before or after the bailouts?
Are you looking for a professional business card or luxury business card? Please contact:
I know this isn’t related to the conversation but please please help support my baby brother battling leukemia. His condition is getting really critical and we really need to treat him up real fast. I’m on my knees please help support 🙏