The summer travel season was even worse than expected for Delta Air Lines, which said Tuesday that it lost $5.4 billion in the third quarter as people hunkered down at home during the pandemic.
Delta officials pushed back their timetable for breaking even, from year-end to next spring, as their previous expectation that COVID-19 would be contained proved too rosy. The airline’s shares slipped in afternoon trading.
However, executives said passengers are starting to return and bookings for Thanksgiving and Christmas are looking up.
It’s slow, but it’s steady week by week, they are coming back, CEO Ed Bastian said of passengers.
