Delta posts full year 2020 adjusted pre-tax loss of USD 9 billion

(TAN): Delta Air Lines has reported financial results for the December quarter and full year 2020 and provided its outlook for the March quarter 2021. 

Tha airline reported December quarter 2020 GAAP pre-tax loss of USD 1.1 billion and loss per share of USD 1.19 on total revenue of USD 4 billion.

It reported December quarter 2020 adjusted pre-tax loss of USD 2.1 billion and adjusted loss per share of USD 2.53 on adjusted operating revenue of USD 3.5 billion.

The full year 2020 GAAP pre-tax loss of the airline was USD 15.6 billion and loss per share of USD 19.49 on total revenue of USD 17.1 billion.

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It posted full year 2020 adjusted pre-tax loss of USD 9 billion and adjusted loss per share of USD 10.76 on adjusted operating revenue of USD 15.9 billion.

Delta ended 2020 with USD 16.7 billion in liquidity

“Our December quarter results capped the toughest year in Delta’s history,” said Delta CEO Ed Bastian.  “While our challenges continue in 2021, I am optimistic this will be a year of recovery and a turning point that results in an even stronger Delta returning to revenue growth, profitability and free cash generation.”

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