Delta Airlines: sharp dip in revenues in Q3
(CercleFinance.com) - Delta Airlines today publishes its 3rd-quarter financial statements.
Over this period, revenue came to 2.6 billion dollars, representing a 79% drop compared to the previous year.
Before tax, the company registers adjusted loss of 2.6 billion dollars, equivalent to a loss of 3.30 dollars per share, whilst consensus was around the -3-dollar mark.
Delta Airlines ended the quarter with 21.6 billion dollars in liquidity. In September, the airline was faced with adjusted net debt of 17 billion dollars, or 6.5 billion dollars more than on 31 December 2019.
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Over this period, revenue came to 2.6 billion dollars, representing a 79% drop compared to the previous year.
Before tax, the company registers adjusted loss of 2.6 billion dollars, equivalent to a loss of 3.30 dollars per share, whilst consensus was around the -3-dollar mark.
Delta Airlines ended the quarter with 21.6 billion dollars in liquidity. In September, the airline was faced with adjusted net debt of 17 billion dollars, or 6.5 billion dollars more than on 31 December 2019.
Copyright (c) 2020 CercleFinance.com. All rights reserved.