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Delta Air Lines announced Tuesday a financial loss this quarter due to the pandemic.
Airline stocks face another difficult trading day after a downgrade for American Airlines stock and weak quarterly results for Delta Air.
Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter and said improvements in customer traffic could signal a slow turnaround for the carrier.
The summer travel season was even worse than expected for Delta Air Lines, which lost $5.38 billion in the third quarter as people hunkered down at home during the pandemic. Most of the loss stemme…
These are the stocks posting the largest moves in midday trading.
Airline doesn't expect to generate a profit until the spring.
Although there had been optimism about third-quarter earnings, there were some downbeat reports on Tuesday.
The aerospace giant said that it didn’t win any new orders in September and delivered only 11 aircraft, weighed by the continued grounding of the MAX, weak demand for its wide-body planes and produc
The airline indicated in a news release that it could take another two years until it sees a “normalized revenue environment.”
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