Delta Air Lines has reported a $652 million profit for the three months to June. The figure was buoyed by $1.5 billion in government benefits related to the first and second payroll support program extensions.
Ahead of the G7 meeting in Cornwall later this month, aviation leaders from the UK and US said the lifting of restrictions was essential to igniting an economic recovery.
Delta Air Lines has placed a firm order for 25 A321neo (New Engine Option) aircraft with Airbus. This is in addition to Delta’s 2017 order of 100 A321neo aircraft.
Delta chief executive, Ed Bastian, said: “If recovery trends hold, we expect positive cash generation for the June quarter and see a path to return to profitability in the September quarter.”
Delta is continuing its commitment to provide more space on board as the only United States airline to block middle seats and limit capacity.
Daily cash burn averaged $12 million for the three months to December, though this was down from $24 million per day in the September quarter.
The first ‘Covid-tested’ flight, with no quarantine after arrival, is the first of two the global carrier is launching this week, with an Atlanta to Rome option starting on Saturday.
The airlines have worked with the Dutch government, Amsterdam Airport Schiphol and Hartsfield-Jackson Atlanta International Airport to deliver a comprehensive Covid-19 testing program.
Delta Air Lines, the Aeroporti di Roma and Hartsfield-Jackson Atlanta International Airport have joined forces for a transatlantic Covid-19 testing program.
Delta Air Lines has reported a pre-tax loss of $2.6 billion for the three months to the end of September. Total adjusted revenue at the airline was $2.6 billion for the three months, down 79 per cent on last year.
Delta and LATAM have received regulatory approval for their trans-American joint venture from Brazil’s competition authority, the Administrative Council for Economic Defense.