Chicago — Delta Air Lines says it does not expect to plug a daily cash bleed due to the Covid-19 pandemic until May next year, though it has at its disposal $1.3bn in leftover federal aid for employees’ payroll.
The airline previously said it could halt a cash bleed that averaged $18m a day in September before the end of the year, but pushed back the target as revenues fell 76% to $3.1bn in the third quarter from a year earlier...
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