Day: January 14, 2021

Delta posts $12 billion loss in 2020, cautious 1Q outlook

Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a few more rocky months before — they hope — widespread coronavirus vaccinations and testing might salvage something of the upcoming summer travel season.

Delta on Thursday reported a $755 million quarterly loss and a $12.4 billion loss for the entire year. The results likely would have been worse but for a December increase in air travel that likely contributed to another surge in virus infections as people spent more time with family and friends.

Much like the final nine months

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