Delta posts worst loss since 2008 and cuts flights

Planes belonging to Delta Air Lines sit idle at Kansas City International Airport on April 3 in Kansas City, Missouri. U.S. carriers reported an enormous drop in bookings amid the spread of the coronavirus and are waiting for a government bailout to fight the impact. Delta lost almost $2 billion in March and parked half of its fleet in order to save money.

Delta Air Lines posted a nearly $6 billion loss for the past three months, its worst loss since 2008, and warned that bookings are declining as COVID-19 cases rise.

Delta had planned to add 1,000 flights a day to its August schedule as it and other airlines reported a modest pickup in bookings for June and July. Although Delta initially added 1,000 flights a day to its August schedule, CEO Ed Bastian confirmed it will now add only 500 as rising coronavirus cases in southern states and quarantine rules on travelers to the Northeast were put in place.

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