SEARCH

BRIEF-Delta CEO Says Q3 Capacity Will Be About 20%-25% Of 2019 Levels

14 Jul 2020 / 23:07 H.

    July 14 (Reuters) - Delta Air Lines Inc:

    * DELTA CEO SAYS Q3 CAPACITY WILL BE ABOUT 20%-25% OF 2019 LEVEL BUT UP FROM 10% IN Q2

    * DELTA AIR LINES SAYS EXPECTING OVERALL REVENUE FOR THE SEPTEMBER QUARTER TO BE ONLY 20% TO 25% OF LAST SUMMER

    * DELTA CEO SAYS DOESN'T THINK WE'LL EVER GET BACK TO THE VOLUMES OF BUSINESS TRAVEL SEEN IN 2019 - CONF. CALL

    * DELTA CFO SAYS NO-SHOW RATES IN HIGH SINGLE DIGITS VERSUS AROUND 3% HISTORICALLY

    * DELTA CFO SAYS NO-SHOW RATES MAKE IT HARD TO MANAGE SEATING CAPS, BUT FLEXIBILITY 'CLEARLY WHERE WE NEED TO BE'

    * DELTA AIR LINE INC CFO SAYS LOOKING AT ALL OPTIONS BUT PLANS NOT CHANGED WITH RESPECT TO REFINERY RIGHT NOW Source text for Eikon: Further company coverage:

    email blast