Delta posts $5.4 billion 3Q loss as pandemic hammers travel

The summer travel season was even worse than expected for Delta Air Lines, which said Tuesday that it lost $5.4 billion in the third quarter as people hunkered down at home during the pandemic.

Delta officials pushed back their timetable for breaking even, from year-end to next spring, as their previous expectation that COVID-19 would be contained proved too rosy. The airline’s shares fell almost 3% on Tuesday.

However, Delta’s

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Delta posts $5.4 billion third-quarter loss as pandemic hammers travel

The summer travel season was even worse than expected for Delta Air Lines, which said Tuesday that it lost $5.4 billion in the third quarter as people hunkered down at home during the pandemic.

Delta officials pushed back their timetable for breaking even, from year-end to next spring, as their previous expectation that COVID-19 would be contained proved too rosy. The airline’s shares fell almost 3% on Tuesday.

However, Delta’s

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Canadian air traffic control firm slashing jobs as coronavirus hammers aviation industry



a desk with a laptop computer sitting on top of a table: NAV Canada air traffic controllers monitor air traffic at the NAV Canada control centre in Montreal on March 2, 2018. THE CANADIAN PRESS/Graham Hughes


NAV Canada air traffic controllers monitor air traffic at the NAV Canada control centre in Montreal on March 2, 2018. THE CANADIAN PRESS/Graham Hughes

NAV Canada is cutting 14 per cent of its workforce and citing the ongoing financial impacts of the coronavirus pandemic and the significant hardships facing the air travel industry.

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The company says it has until now managed by a combination of using the federal

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