“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
Last year's falloff erased two decades of passenger growth.
The filing follows the decision of Norway’s government last week not to provide the low-cost airline with further financial aid.
"We’ll be helping the airlines, you have to help the airlines,” the president says as carriers warn of layoffs.
The lawmakers say that airlines that are involuntarily cutting workers’ hours may be violating the terms of federal coronavirus aid.
Said Boeing: "The robust demand for the offering reflects strong support for the long-term strength of Boeing and the aviation industry."
In exchange for accepting the funds, carriers have agreed to prohibitions on stock buybacks and layoffs, and limits on executive pay.
The IATA said its revised estimate reflected a ‘significant deepening’ of the coronavirus crisis.
The $25 billion program is aimed at helping U.S. carriers weather the drastic drop in demand caused by the coronavirus crisis.
Nikki Haley resigned from the Boeing board of directors and Chuck Schumer suggested banning share buybacks.
If it happens, the request for loans, grants, and tax relief may come with strings attached.
Fitch Ratings says industry consolidation and profitability should shield carriers from a temporary falloff in demand.
