WRAPUP 3-Airlines strive to stave off calamity as coronavirus locks down Italy [Reuters]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Reuters
Airlines strive to stave off calamity as coronavirus locks down Italy SEOUL/SYDNEY (Reuters) - Airlines around the world sank deeper into crisis on Tuesday as the worsening coronavirus epidemic and Italy’s lockdown hammered passenger numbers, forced the cancellation of thousands of flights and led to the delaying of plane orders. Some carriers face calamity, with Korean Air Lines warning the virus outbreak could threaten its survival after it scrapped more than 80% of its international capacity, grounding 100 of its 145 passenger aircraft. “The situation can get worse at any time and we cannot even predict how long it will last,” Woo Kee-hong, the president of South Korea’s biggest airline, said in a memo to staff that summed up the turmoil facing the industry. “But if the situation continues for a longer period, we may reach the threshold where we cannot guarantee the company’s survival.” Australia’s Qantas Airways said it would also cut its international capacity, by nearly 25% over
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DAL
Earnings
- 10/10/24 - Miss
DAL
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- DAL's page on the SEC website