Delta Air Lines posted massive quarterly losses yet again, and the company is warning investors 'it may be two years or more' for air travel demand to return to normal.
New York Yet again, Delta Air Lines posted massive quarterly losses --- and the company is warning investors"it may be two years or more" for air travel demand to return to normal.
The airline posted a $2.1 billion operating loss in the third quarter, excluding special items like charges for buyout packages for employees who voluntarily left the company and early retirement of aircraft. Including those items, its net loss topped $5 billion for the second consecutive period.The third-quarter loss was larger than forecast by Wall Street analysts, and Delta shares fell 3% in premarket trading on the news.
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