What's new

Welcome to Metatrader MT4 and MT5 Gpl Authority

Join us now to get access to all our Codebase MT4 and MT5 Free Paid Download. MetaTrader is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets.

Add Codebase

Add Codebase to Our Community

Answer

Answer Questions and Become an Expert on Your Topic

Contact Staff

Our Experts are Ready to Answer your Questions

Delta CEO Bastain Expects Positive Cash Flow by Spring

N

News Feed

Moderator
Staff member
Joined
Aug 4, 2020
Messages
11,189
Reaction score
0
Points
0


(Reuters) - Delta Air Lines CEO Ed Bastian said in a memo on Friday that he continues to expect that the company will achieve positive cash flow by the spring.

In his new year note to employees, Bastian said that company will likely “experience two distinct phases during the next 12 months.” The first phase will be similar to 2020, he said.

“The second phase will begin only when we reach a turning point with widely available vaccinations that spur a significant return to travel, particularly business travel.”

Bastian had told investors in October that Delta plans to start paying down its debt in 2021 once it has positive cash flow.

Revenues at Delta, which is blocking middle seats until March 30, fell 76% to $3.1 billion in the third quarter from a year earlier.

“As difficult as 2020 was, in many ways I expect the next 12 months to be even more challenging,” he added.

Reporting by Aishwarya Nair in Bengaluru; Editing by Lisa Shumaker.

_____

Source:
You do not have permission to view link Log in or register now.
 
shape1
shape2
shape3
shape4
shape7
shape8
Top