"Growth has stalled": Surge in US infections hits Delta

[turbinetree]

Source: Associated Press

By DAVID KOENIG
an hour ago

https://apnews.com/7f3eeda6ae45cfbd36eaa9439f2daf9f/gallery/cf52f12ec7f54b9e9ef00d708c72e707


Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.

“Growth has stalled,” Delta CEO Ed Bastian said. “It was growing at a pretty nice clip through June. The virus, unfortunately, was also growing.”

Bastian said it will take more than two years for the airline to make “a sustainable recovery” from the virus and the harm it is doing to the global economy.

Delta is the first U.S. airline to report financial results for the May-through-June quarter, and the numbers were ugly.

Read more: https://apnews.com/7f3eeda6ae45cfbd36eaa9439f2daf9f

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The airline raised $11 billion during the second quarter by mortgaging assets such as takeoff and landing slots, airport gates, and routes, and getting an unsecured loan from the government – part of $5.4 billion in federal aid to help pay workers through Sept. 30.

Delta has signed an agreement with the Treasury Department for an additional secured loan of $4.6 billion but hasn’t decided whether to take the money – it could find better terms on the private market.

[Wellstone ruled]

1. This is not good news for all those

Delta Employees. Smells like a major lay off is about two weeks away.

Some Vegas Hotels are not taking Reservations from Monday thru Thursday. Only Friday thru Sunday.

[ResistantAmerican17]

2. But Princess Glitter Pony said they can "find something new"

Drumph, melanoma, and those three douchebags are a vortex of stupidity. People are hurting—- jezus.

[bucolic_frolic]

3. I hedge everything

DAL is no exception. So underwater only by a few hairs.

Thanks for the post. No time to watch these things on food shopping days.

BTW, the stores are lightly stocked now. It appears they have everything, but some items occupy three large shelf spaces in several parts of the store, so it appears the shelves are full.

And I didn't see a can of radiator flush all day.

[PSPS]

4. Dear Mr. Bastian: It's over. Sorry.

[jayfish]

5. Glad I Visited This OP.

At a cursory glance the headline reads that CV infection growth has stalled and hit some delta against previous growth.