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