Delta Execs Say Daily Cash Burn Is Down To $27M

9/9/20

By Clark Schultz, SeekingAlpha

The message from Delta Air Lines (NYSE:DAL) execs today at the Cowen Global Transportation and Sustainable Mobility Conference was pretty consistent with what has been stated in recent interviews with top brass.

The airline expects a choppy recovery even as some pockets of leisure travel have improved.

Delta says it is on track to reach its Q3 expense reduction target of 50%. The daily cash burn rate is down to about $27M.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.