The jump in passenger traffic for U.S. airlines during the Thanksgiving and Christmas holidays was a mirage, not a sustainable source of revenue for overcoming the coronavirus crisis. On Thursday, Alaska Airlines said passenger volume and revenue since October has retreated again and Delta Air Lines (NYSE: DAL) sounded less optimistic about the next few months.
Ahead of a Jan. 26 earnings release, Alaska Air Group (NYSE: ALK) indicated that it will drain its pool of cash at a faster rate in the...
https://www.freightwaves.com/news/alaska-air-warns-of-increased-cash-burn-during-january