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Old Apr 22, 2020, 6:57 am
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ClipperDelta
 
Join Date: Jul 2004
Location: Seat 1A
Programs: DL; AA; UA; CO; LHLX; NZ; QR; EK; BA
Posts: 7,404
Delta reports Q1 2020 financial results

https://news.delta.com/delta-announc...sponse-actions

Loss numbers not as bad as I was expecting...

GAAP Pre-tax loss: $607m
Adjusted Pre-tax loss: $422m

GAAP Net Loss: $534m
Adjusted Net loss: $326m

Revenues $8.6 billion, down 18% year over year

Cash burn at end of March: $100m per day
Expected cash burn at end of June quarter: $50m per day

Unrestricted cash and equivalents at end of Q1: $6 billion
Expected liquidity at end of Q2: $10 billion

Over 37,000 of 90,000 employees have volunteered for unpaid leaves.
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