Delta air lines reports q2 loss of $9.01 per share

Quarterly loss per share $9.01.quarterly total operating revenue $1.47 billion, down 88%.quarterly adjusted loss per share $4.43.q2 earnings per share view $-4.07, revenue view $1.42 billion -- refinitiv ibes data.june quarter consolidated unit cost (casm) 59.30 cents versus 14.51 cents.june quarter trasm down 21%.june quarter casm-ex 41.96 cents versus 10.47 cents; june quarter trasm, adjusted, down 36%.ended june quarter with $15.7 billion in liquidity.quarterly total adjusted revenue of $1.2 billion, which excludes refinery sales, declined 91% on system capacity reduction of 85%.quarterly adjusted. pre-tax loss of $3.9 billion excludes $3.2 billion of items directly related to impact ofcovid-19 and co's response.amending credit facilities to replace all fixed charge coverage ratio covenants with liquidity-based covenants.quarterly passenger revenues down 94% on 85% lower capacity.quarterly non-ticket revenue down 65%.demand for air travel declined significantly in q2 as a result of covid-19, with enplaned passengers down 93%.expect to achieve adjusted cost base reduction of 50% in sept quarter.at end of june quarter, had total debt & financing lease obligations of $24.6 billion with adjusted. net debt of $13.9 billion.in q2, recorded write-down of $1.1 billion in investment in latam airlines and $770 million write-down in investment in aeromexico.wrote down investment in virgin atlantic in q2, resulting in $200 million charge.
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