Air travel will slowly tick up_老虎社区_美港股上老虎

2021-04-16

Air travel will slowly tick upwards as vaccine eligibility is expanded for all, thus easing more travel restrictions

Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDelta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/15/delta-air-lines-dal-results-q1-2021.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nDelta says domestic leisure bookings have recovered to 85% of 2019 levels.\nThe airline expects to break even in June but still expects to post a pretax loss of up to $1.5 billion in the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/15/delta-air-lines-dal-results-q1-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空"},"source_url":"https://www.cnbc.com/2021/04/15/delta-air-lines-dal-results-q1-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1172731312","content_text":"KEY POINTS\n\nDelta says domestic leisure bookings have recovered to 85% of 2019 levels.\nThe airline expects to break even in June but still expects to post a pretax loss of up to $1.5 billion in the second quarter.\nDelta's cash burn turned positive in March, generating $4 million a day.\n\nDelta Air Lineson Thursday reported another quarterly loss but said it expects to reach break even in June as travel demandreboundsfrom a deep pandemic slump.\nHere’s how Delta performed in the first quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:\n\nAdjusted results per share:a loss of $3.55 versus an expected loss of $3.17 a share\nTotal revenue:$4.15 billion versus expected $3.91 billion in revenue\n\nDelta and its competitors continue to lose money but have grown upbeat about animprovement in bookingsas more travelers are vaccinated, travel restrictions lift and moreattractions reopen. Delta said domestic leisure bookings are at 85% of 2019 levels, though international and business travel demand remains depressed.\nThe Atlanta-based carrier posted a net loss of $1.18 billion on $4.15 billion in revenue for the first quarter, topping analyst estimates for sales of $3.91 billion. Revenue was down 60% compared with the $10.47 billion Delta generated in the first quarter of 2019. On an adjusted basis, Delta posted a loss of $3.55 a share compared with a forecast of $3.17 per share.\nCash burn averaged $11 million a day in the quarter but turned positive last month to $4 million a day, Delta said.\n“A year after the onset of the pandemic, travelers are gaining confidence and beginning to reclaim their lives. Delta is accelerating into the recovery with our brand stronger and more trusted than ever before,” Delta CEO Ed Bastian said in an earnings release. “If recovery trends hold, we expect positive cash generation for the June quarter and see a path to return to profitability in the September quarter as the demand recovery progresses.”\nDelta said it expects second-quarter revenue to be 50% to 55% lower than the same period of 2019 on scheduled capacity that’s a third lower than two years ago. Its expenses, stripping out the cost of fuel, will be up 6% to 9% this quarter, it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AIRI","AIRTP","AIRT"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":99,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/370963583"}