Delta actions to address financial impact of COVID-19
“In the weeks since COVID-19 emerged, Delta people have risen to the challenge, taking every possible action to take care of and protect our customers during a stressful time,” said Delta CEO Ed Bastian. “As the virus has spread, we have seen a decline in demand across all entities, and we are taking decisive action to also protect Delta’s financial position. As a result, we have made the difficult, but necessary decision to immediately reduce capacity and are implementing cost reductions and cash flow initiatives across the organization.”
Bastian added, “Over the last 10 years, we’ve transformed Delta by strengthening the balance sheet, diversifying our revenue streams and enhancing operational and financial flexibility. The environment is fluid and trends are changing quickly, but we are well positioned to manage this challenge and are taking actions to ensure that Delta maintains its leadership position and strong financial foundation.”
Entity | % of Total FY19 Revenue | Capacity Reductions |
Pacific | 6% | Down 65% |
Trans-Atlantic | 15% | Down 15-20% |
Domestic | 72% | Down 10-15% |
Latin | 7% | Down 5% |
.
AdvertisementTop 5 - News
Top 5 - Trip Reports