New York — Delta Air Lines vowed on Wednesday to cut its daily cash burn in half as the carrier rushes to scale back operations amid a collapse in travel demand. The shares rose.

The company will go through only $50m a day when the second quarter draws to a close, CFO Paul Jacobson said in a statement as Delta reported its first adjusted quarterly loss since 2012. The cash usage figure was $100m at the end of March as the coronavirus pandemic spread and demand for air travel evaporated...

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