Delta lost 12.385 million in 2020.
The US airline Delta Air Lines lost $12.385 billion in 2020 due to the consequences of the pandemic, compared to earnings of $4.767 billion in 2019.
See also: Delta recognized as one of the ‘Best Companies to Work For’ for fifth year.
Adjusted losses, which exclude losses due primarily to the pandemic, were $6.839 billion, compared with a $4.776 billion profit in 2019, reported EuropaPress.
See also: The DC-7B makes its Delta Flight Museum debut.
Operating profit was 17,095 million dollars, 63% less than a year before, while expenses were reduced by 26.7%, to 29,564 million dollars.
To face the crisis, the American company adopted a series of measures to protect its financial situation, such as reducing operating expenses by up to 50% during the third quarter, withdrawing 227 aircraft from its fleet and a government loan of $5.6 billion.
Related Topics
Cathay Pacific Inaugurates Direct Flights Between Hong Kong and Munich
Air France-KLM Reaffirms Confidence in Boeing 787 After Air India Crash
Condor Resumes Nonstop Flights Between Frankfurt and Panama City
EU to Susbsidise High Volume of Sustainable Fuel to Boost Its Use in Aviation
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.