Delta Air Lines Inc. reported Wednesday that it lost $534 million in the first three months of the year, when it suffered a glancing blow from the coronavirus pandemic during March.
For most of the first quarter, the virus seemed like an abstraction to many Americans. Sure, it sounded dire, but it was an ocean away. Life in the U.S. unfolded normally. The economy was humming, people took business trips and leisure flights, planes were nearly full.
Since then, the virus brought restrictions on travel and stoked fear of being trapped in a flying aluminum tube while sharing recycled air with people who might be infected. Travel has plunged about 95%.
Delta’s first-quarter revenue dropped 18% from a year ago. The airline forecast a much grimmer picture for the second quarter, when the full impact of the global pandemic will be felt. Revenue is expected to plunge 90% for Delta, and things will likely to look just as bleak or worse for its competitors.
It could be a long time before travel returns to pre-outbreak levels. “Whether it’s three years or two years or four years is anyone’s guess,” said Delta CEO Ed Bastian.
Here are some vital signs to watch in the airline industry:
TRAFFIC HAS VANISHED
If there is one chart that captures the implosion of the U.S. airline industry, it might be the number of people screened each day at the nation’s airports by the Transportation Security Administration.
Esta historia es de la edición April 25, 2020 de Techlife News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 25, 2020 de Techlife News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Instagram Makes Teen Accounts Private as Pressure Mounts on the App to Protect Children- Instagram is making teen accounts private by default as it tries to make the platform safer for children amid a growing backlash against how social media affects young people's lives.
Instagram is making teen accounts private by default as it tries to make the platform safer for children amid a growing backlash against how social media affects young people's lives. The teen accounts will be private by default. Private messages are restricted so teens can only receive them from people they follow or are already connected to. Sensitive content, such as videos of people fighting or those promoting cosmetic procedures, will be limited, Meta said. Teens will also get notifications if they are on Instagram for more than 60 minutes and a sleep mode will be enabled that turns off notifications and sends auto-replies to direct messages from 10 p.m. until 7 a.m.
Not-so-Great Expectations: Students Are Reading Fewer Books in English Class - Chris Stanislawski didn't read much in his middle school English classes, but it never felt necessary.
Chris Stanislawski didn't read much in his middle school English classes, but it never felt necessary. Students were given detailed chapter summaries for every novel they discussed, and teachers played audio of the books during class.
US Companies See Record-Low Profits in China Amid Geopolitical Tensions and Slow Growth, Report Says - American companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy
American companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy, according to a report published Thursday by a U.S. business group.
GOOGLE WINS LEGAL BID TO OVERTURN 1.5 BILLION EURO ANTITRUST FINE IN EU DIGITAL AD CASE
Google won a court challenge this week against a 1.49 billion euro ($1.66 billion) European Union antitrust fine imposed five years ago that targeted its online advertising business.
CONGRESS TARGETS CHINESE INFLUENCE IN HEALTH TECH. IT COULD COME WITH TRADEOFFS
A California biotechnology company that helps doctors detect genetic causes for cancer is among those that could be cut out of the U.S. market over ties to China, underscoring the possible tradeoffs between health innovation and a largely bipartisan push in Congress to counter Beijing's global influence.
FACEBOOK OWNER META BANS RUSSIA STATE MEDIA OUTLETS OVER 'FOREIGN INTERFERENCE'
Meta said it's banning Russia state media organization from its social media platforms, alleging that the outlets used deceptive tactics to amplify Moscow's propaganda. The announcement drew a rebuke from the Kremlin.
TECH BILLIONAIRE RETURNS TO EARTH AFTER FIRST PRIVATE SPACEWALK
A billionaire spacewalker returned to Earth with his crew on Sunday (15), ending a five-day trip that lifted them higher than anyone has traveled since NASA's moonwalkers.
UNITED AIRLINES WILL OFFER FREE INTERNET ON FLIGHTS USING SERVICE FROM ELON MUSK'S SPACEX
United Airlines has struck a deal with Elon Musk's SpaceX to offer satellite-based Starlink WiFi service on flights within the next several years.
GOOGLE'S MILLISECOND AD AUCTIONS ARE THE FOCUS OF A MONOPOLY CLAIM
It happens in milliseconds, ideally, as you browse the web. Networks of computers and software analyze who you are, what you are looking at and buy and sell the advertisements you see on web pages.
LONGSHOREMEN AT KEY US PORTS THREATENING TO STRIKE OVER AUTOMATION AND PAY
Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation's cargo from ships.
