Delta’s Bastian Sees Recovery Taking as Long as Three Years
by Gregory Polek – April 22, 2020, 12:23 PM
Delta Air Lines CEO Ed Bastian told analysts during the company’s first-quarter earnings call Wednesday that he expected as much as three years to pass before a “sustainable recovery” from the Covid-19 crisis takes hold. In the meantime, he said, Delta has begun to accelerate steps to streamline operations, simplify its fleet, and advance timelines on airport infrastructure projects as it cuts costs to address a 90 percent reduction in revenues expected this quarter.
So far Delta has managed to cut its cost base some…