Delta air lines says covid-19 is materially impacting revenue as bookings decline and ticket cancellations accelerate

Delta air lines - reducing system capacity by 15 points versus plan, with international capacity reduced by 20-25%, domestic capacity reduced by 10-15%.delta air lines inc says covid-19 is materially impacting revenue as bookings decline and ticket cancellations accelerate - presentation.delta air lines - undertaking cost reduction initiatives, including instituting company-wide hiring freeze and offering voluntary leave options.delta air lines - undertaking cost reduction initiatives, including parking aircraft, and evaluating early retirements of older aircraft.delta air lines - withdrawing march quarter and fy financial outlook; currently expect march quarter unit revenue to be down mid- to high-single digits.delta air lines - made cash flow decision of deferring $500 million in capital expenditures.delta air lines - made cash flow decision of delaying $500 million of voluntary pension funding and suspending share repurchases.delta air lines - identified capacity-related & incremental cost reductions of $1.8 billion in 2020.delta air lines - expecting at least $5 billion liquidity at march quarter end.
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