Delta (DAL) posts 1Q20 loss of $607 million as coronavirus hurts travel demand


Planes belonging to Delta Air Lines sit idle at Kansas City International Airport on April 03, 2020 in Kansas City, Missouri.

Jamie Squire | Getty Images

Delta Air Lines’¬†on Wednesday posted a pretax loss of $607 million for the first quarter and issued a bleak forecast for this spring as the coronavirus saps travel demand.

The Atlanta-based carrier’s revenues plunged 18% in the quarter to $8.6 billion. CEO Ed Bastian said second-quarter revenue will likely fall 90% on the year.

Airlines are among the industries hit hardest by coronavirus and harsh measures to stop it from spreading, like stay-at-home

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