Delta warns investors: 'It may be two years or more' for air travel recovery

New York Yet again, Delta Air Lines posted massive quarterly losses --- and the company is warning investors"it may be two years or more" for air travel demand to return to normal.

The airline posted a $2.1 billion operating loss in the third quarter, excluding special items like charges for buyout packages for employees who voluntarily left the company and early retirement of aircraft. Including those items, its net loss topped $5 billion for the second consecutive period.The third-quarter loss was larger than forecast by Wall Street analysts, and Delta shares fell 3% in premarket trading on the news.

Guess the airlines should have invested their tax breaks in the company instead of stock buybacks. Let em all fail.

Let them take out loans from the banks like any “normal” company or person would have to.

Stop bailing them out!!! They need to figure it out like every other company!!

Maybe Delta shouldn't buy so many lattes on the way to work. Put in some overtime and eat out less.

I hope it never comes back the same way... Traveling once a month 2 visit an office in person is such a waste...

and no, we can't afford to bail out airlines for two years.

At least.

I’m ready to fly!!!

Maybe nationalize them if we are basically giving them all the money anyways

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Delta Posts $5.4 Billion Loss As Fate Of Struggling U.S. Airlines—And Airline Aid—Remains UncertainI'm a breaking news reporter for Forbes focusing on economic policy and capital markets. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance. Isn’t this the free market all the 1% Republicans say they want? Or is that only when they’re making $$? Democrats are destroying the airline industry
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