Delta CEO: 'We still haven't seen the bottom' [CNNMoney.com]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: CNNMoney.com
Delta CEO: 'We still haven't seen the bottom' New York (CNN Business) Delta Air Lines expects revenue over the next three months to be down 90%, with no end of the industry's troubles in sight. "Even as Delta is burning more than $60 million in cash every day, we know we still haven't seen the bottom," said CEO Ed Bastian warned employees that Friday. He said April's schedule will be down "at least 80% smaller than originally planned, with 115,000 flights canceled." As an example of the drop in traffic he said that on March 28, Delta carried only 38,000 customers, versus its normal late-March Saturday of traffic of 600,000. "I wish I could predict this would end soon, but the reality is we simply don't know how long it will take before the virus is contained and customers are ready to fly again," he said. Airline fan Buffett dumping shares Read More In a separate filing Berkshire Hathaway ( BRKA ) , disclosed that it sold 18% of its stake in Delta
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DAL
News
- FAA investigates airlines for potential flight cut compliance violations during government shutdown [FOX News]FOX News
- FAA launches investigation into US airlines over flight cuts ordered during the shutdown [Yahoo! Finance Canada]Yahoo! Finance Canada
- Delta resumes flights at Detroit after brief halt [Yahoo! Finance Canada]Yahoo! Finance Canada
- Delta initiates ground stop for Detroit Metro Airport flights [USA TODAY]USA TODAY
- Delta initiates ground stop for Detroit Metro Airport flights [USA TODAY]USA TODAY
DAL
Earnings
- 10/9/25 - Beat
DAL
Sec Filings
- 12/3/25 - Form 8-K
- 11/14/25 - Form 13F-HR
- 10/23/25 - Form 4
- DAL's page on the SEC website