Bookings

Delta Air Lines Hemorrhages Cash; CEO Warns ‘Forward Bookings Slowing’ Again

Delta Air Lines’ CEO Ed Bastian warned in an internal memorandum on Thursday, Dec. 3, that despite the daily cash burn slowing down, the carrier still has to shell out a whopping $12-$14 million per day to keep the airline afloat. Now, this is a far cry from the $24 million daily burn rate in the third…