Delta Air Lines, Inc (DAL)

[getmoreshares]

https://www.newsmax.com/us/virus-outbreak-airlines/2020/03/10/id/957712/?ns_mail_uid=4103d173-f910-402f-841e-557283aba3e3&ns_mail_job=DM96652_03102020&s=acs&dkt_nbr=010502relbo8

Delta, the world's biggest airline by revenue, said net bookings declined 25% to 30% in the past two weeks and could get worse. The said it will cut international flights by 20% to 25% and reduce U.S. flying by 10% to 15%, roughly matching cuts previously announced by United Airlines. CEO Ed Bastian said the airline is “prepared to do more” if the outbreak grows.


Delta is cutting spending, including putting a freeze on hiring, offering voluntary unpaid leave, delaying voluntary pension contributions and suspending share buybacks.