Delta cargo revenue drops despite freight-only flights

Cargo has been a bright spot for Delta Air Lines (NYSE: DAL), but the revenue from this business is still part of a $3.9 billion pretax loss for the second quarter.

Like other airlines, Delta in March shifted some passenger planes to cargo-only flights to carry personal protective medical gear and other high-demand products overseas to key U.S. markets. It also has made use of passenger quarters on some planes to handle certain cargoes.

Despite the cargo-only flights, the airline reported cargo...

https://www.freightwaves.com/news/delta-cargo-revenue-drops-despite-freight-only-flights

Vision of higher net sales for airlines could be a mirage

A big white Delta plane takes off in cloudy sky.

Don’t mistake green shoots in travel demand for the summer as a sign that recovery from the coronavirus crisis is around the corner for the airline industry, an executive for a major U.S. airline cautioned Tuesday.

After suspending most flight activity because of widespread quarantines, air carriers this week announced plans for incremental capacity increases in June and July to accommodate an uptick in passenger interest, with bookings some days slightly outpacing refunds for the first time in...

https://s29755.pcdn.co/news/vision-of-higher-net-sales-for-airlines-could-be-a-mirage