MINNEAPOLIS (WCCO) – Delta Air Lines posted its third quarter earnings Tuesday, recording billions of lost dollars during what would normally be a busy travel season.
The president of the company also said it could be “two years or more” until Delta sees a “normalized revenue environment.”
The air line said their net loss was $5.4 billion in the third quarter, compared to a $1.5 billion income in 2019. In the second quarter, Delta had lost $5.7 billion. Though COVID-19 has impacted the peak summer travel months, CEO Ed Bastian indicated some customers are returning to travel.
“While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn,” he said.
Total revenue for the company was…