Delta Air Lines reported the first money in the past three years since the pandemic devastated the airline industry more than a year ago, as did many vacationers and money from the U.S.. taxpayers suppressed weak corporate and international travel.
Delta said Wednesday it raised $ 652 million in the second quarter. However, Delta’s report shows that airlines are still facing turmoil as they try to rebound from their worst year.
Without the $ 1.5 billion in federal pandemic assistance and other occasional events, the Atlanta airline would have posted a revised loss of $ 678 million.
Even if the nation’s airport hosts are heading towards 2019 levels, Delta’s operating revenue is only half of pre-pandemic levels.
And the company expects costs to increase as it builds its operations, including hiring and training employees to control the growing number of passengers.
“We still have a long way to go,” CEO Ed Bastian said in an interview, “but the business is in a much better place than it was 90 days ago. We posted a solid income for the month of June, and it would be nice to add it to where we’re going this summer. ” – READ MORE
Listen to the insightful Thomas Paine Podcast Below –