Delta air lines - expects q2 revenue to fall by $10 billion

Delta air lines inc - on march 17 entered 364-day term loan credit agreement of $2.6 billion, of which $2.3 billion has been drawn.delta air lines - term loan facility contains an accordion feature under which aggregate commitment can be increased to $4 billion upon request.delta air lines inc - remaining amount of $2.6 billion 364-day secured term loan facility will be drawn in in near term.delta air lines inc - now projecting our june quarter revenues will be down by $10 billion compared to a year ago an 80 percent reduction.delta air lines inc - demand recovery will take an extended period once coronavirus is contained.delta air lines inc - currently burning roughly $50 million in cash each day.delta air lines inc - suspended share repurchases, and board has voted to suspend future dividend payments.
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