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0 0.000421407501053585 -0.00042562157606396 -0.00126422250316045 0 0.00842815002107035 -0.00632111251580272 -0.0261272650653182
Stock impact report

UPDATE 1-Delta posts quarterly loss and warns of choppy, sluggish recovery [Reuters]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Reuters
Delta posts loss for first quarter amid pandemic slowdown (Reuters) - Delta Air Lines Inc ( DAL.N ) reported on Wednesday its first first-quarter loss in nine years and forecast a 90% decline in second-quarter revenue as the coronavirus crisis devastates air travel demand. In a matter of months, U.S. airlines like Delta have gone from expansion to survival, searching for ways to raise and save as much cash as possible in an environment where flight cancellations outnumber new bookings. Atlanta-based Delta swung to a $534 million net loss in the first quarter that ended March 31, or a $0.84 loss per share, from a $730 million net profit a year earlier. Total operating revenues fell 18% to $8.59 billion, with the airline burning $100 million per day at the end of March as it continued to operate previously-scheduled flights that were nearly empty. The last time the airline posted a first-quarter loss was in March 2011, when it lost $318 million, according to Refinitiv data. Between Ap Show less Read more
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