{"id":395471,"date":"2021-01-15T10:28:05","date_gmt":"2021-01-15T04:58:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395471"},"modified":"2021-01-15T10:28:05","modified_gmt":"2021-01-15T04:58:05","slug":"delta-calls-2021-year-of-recovery-after-first-loss-in-11-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/delta-calls-2021-year-of-recovery-after-first-loss-in-11-years\/","title":{"rendered":"Delta calls 2021 year of recovery after first loss in 11 years"},"content":{"rendered":"<p>Delta Air Lines CEO Ed Bastian expects 2021 to be &#8220;the year of recovery&#8221; after the coronavirus pandemic cut operating revenue by 64% and prompted its first annual loss in 11 years.<\/p>\n<p>&#8220;We don\u2019t anticipate that by the summer travel will be back anywhere close to where it previously was, but it will be a meaningful improvement, sufficient to be able to drive profitability for us in the back half of the year,&#8221; Bastian told Reuters.<\/p>\n<p>The strength of the recovery will hinge on factors such as the pace of vaccine rollouts and people&#8217;s appetite for flying after a year that nearly brought global travel to a halt.<\/p>\n<p>In the first quarter, the Atlanta-based airline expects revenue to fall by 60% to 65% from a year ago and its scheduled flight capacity to shrink by 35%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delta Air Lines CEO Ed Bastian expects 2021 to be &#8220;the year of recovery&#8221; after the coronavirus pandemic cut operating revenue by 64% and prompted its first annual loss in 11 years. &#8220;We don\u2019t anticipate that by the summer travel will be back anywhere close to where it previously was, but it will be a meaningful improvement, sufficient to be able to drive profitability for us in the back half of the year,&#8221; Bastian told Reuters. The strength of the recovery will hinge on factors such as the pace of vaccine rollouts and people&#8217;s appetite for flying after a year [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-395471","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395471"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395471\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}