Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Delta says unlikely to add 'many more' flights for rest of 2020

Published 06/25/2020, 10:12 AM
Updated 06/25/2020, 11:15 AM
© Reuters. FILE PHOTO: Delta Air Lines passenger planes parked in Birmingham
DAL
-

(Reuters) - Delta Air Lines (N:DAL) expects to add about 1,000 flights in August but not many more for the remainder of the year, Chief Executive Ed Bastian said in an internal memo on Thursday that mentioned a resurgence of COVID-19 in parts of the country.

Airlines including Delta have added back some summer capacity after modest improvements in domestic travel demand in May and June, but analysts say a spike in cases in some states, which have prompted three Northeast states to order quarantines for some travelers and Disneyland to delay its reopening, could dampen the recovery.

Bastian said Delta continues to see slow but steady increase in passenger volumes two weeks into the summer travel season, but warned that the airline expects overall demand this summer to be only 25% of last summer's revenue.

"While it's encouraging to see flights returning (...) we likely remain at least two years away from a return to normal," Bastian said.

To prevent the spread of the novel coronavirus on airplanes, U.S. airlines have recently cracked down on passengers who do not follow new requirements to wear face coverings by threatening to remove their future flight privileges.

© Reuters. FILE PHOTO: Delta Air Lines passenger planes parked in Birmingham

Bastian said the airline has already banned some passengers from future travel on Delta for refusing to wear masks on board.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.