Delta turned record profit into a record loss in one year
Thursday, Delta reported a record $6.8 billion loss for 2020, excluding special items. Including those items, its net loss for the year was $12.4 billion. A year earlier, Delta had reported record revenue and operating profits
Delta, the first major air carrier to report fourth-quarter results, has been hammered along with the rest of the industry with the near halt in air travel caused by the Covid-19 pandemic earlier in the year. It will not be alone in reporting record losses.
Although air travel picked up in the fourth quarter as people traveled for the holiday season , it was …
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