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Delta Airlines lost more than $5.3 billion in Q3 as the Covid-19 health crisis continues to decimate the travel industry. Although the loss is dramatic, it’s a shade better than last quarter, which saw the airline down $5.7 billion.
In total, that’s almost $11 billion since the pandemic first hit the U.S. in March, as Delta has had to exist without the profitable business and international travelers it had become so reliant on.
“There are signs that customers are becoming increasingly confident in returning to air travel, with TSA counts growing each week, but we are still running at a fraction of our normal capacity,” said Delta CEO Ed Bastian.
The airline expects December’s revenues to be about 30% to 35% of what they were a year ago, up from the pandemic low of 10%.
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