Delta posts $5.4 billion loss in another brutal quarter for airline industry

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Delta Air Lines reports a $5.4B net loss for the third quarter after the coronavirus pandemic roiled what is usually the peak travel period of the year.

Jeff Greenberg / Universal Images / Getty Images fileDelta Air Lines reported a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the peak travel period of the year.

Large airlines like Delta have been particularly challenged in the pandemic because they previously relied heavily on business travel and sprawling international networks, two areas that have been hard-hit in recent months. More airlines are competing for price-sensitive leisure travelers within the United States but demand has struggled, despite an uptick from multi-decade lows hit in April. The Transportation Security Administration screened nearly 64 million people at U.S. airports in the third quarter, up 150 percent from the three months ended June 30 but still down from the 221 million people TSA screened in the year-earlier period.

Delta and its competitors have scrambled to introduce enhanced cleaning procedures and other policies, to calm travelers nervous about flying during the pandemic. Delta, for example, leaves middle seats open on flights.

 

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And it’s only going to get worse if they go along with this Delta

Way to go GOP

Looks like Trumps plan is just not going to FLY.

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