Delta opens earnings season posting a Q3 2020 loss of US$6.9bn

Delta Air Lines third quarter financial results for 2020 show a GAAP pre-tax loss of $6.9bn on total revenue of $3.1bn. Adjusted pre-tax loss of $2.6bn on adjusted revenue of $2.6bn. Delta ended the September quarter 2020 with $21.6bn in liquidity. “While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn,” said Ed Bastian, Delta’s chief executive officer. “The actions we are taking now to take care of our people,