Delta Is Burning Through $100 Million a Day [TheStreet.com]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: TheStreet.com
Delta Is Burning Through $100 Million a DayAuthor:M. Corey manPublish date:Apr 22, 2020Video Duration:2:42For banks, the coronavirus-era numbers to look for are loan losses. For airlines, it is the cash-burn rate.For Delta Air Lines(DALGet ReportThe Atlanta-based airlineposted an adjusted quarterly lossThe numbers only reflect a portion of airlines' losses as the pandemic only began to truly impact travel in March, when the crisis washed ashore in North America and states began imposing shelter-in-place orders for millions of Americans.Delta said it had $6 billion in cash on hand at the end of the quarter, though had burned cash at a daily rate of $100 million per day. It is looking to get that figure down by half by end of June while beefing up liquidity, it said.“With the significant impact of Covid-19 on Delta’s revenue, we were burning $100 million per day at the end of March," Delta CFO Paul Jacobson said. "Through our decisive actions, we expect that cash burn to moderate to app
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News
- 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
- Ground stop issued for Delta flights at Detroit Metro Airport due to network outage [CBS News]CBS News
- A New York to Scotland flight got all the way across the Atlantic before an air traffic control problem forced a diversion to Ireland [Business Insider]Business Insider
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