Delta’s Passenger Revenue -94%. How it Plans to Stay Alive till “Demand Returns.” Confirms United’s Warning About Newly Waning Demand
Then there were the revenues, with a breath-taking plunge:
Passenger revenue – which last year was 90% of total revenues – collapsed by 94% year-over-year to just $678 million.
Its highly profitable business cabin and other premium sales (usually over 1/3 of total revenues): -95%.
Revenues, domestic flights -93%; Atlantic -97%; Latin America -98%; Pacific -95%.
Cargo revenue: -42% to just $108 million.
“Other revenues” (loyalty programs, its own refinery, etc.): -31% to $682 million.
Total revenues: -88%, to $1.47 billion, from $12.5 billion a year ago
Delta will be burning 95% less fuel....