Delta Air Lines Inc expects its second-quarter revenue to fall by $10 billion, r...
FILE PHOTO: People line up at the Delta Air Lines ticketing desk inside Terminal 2E at Paris Charles de Gaulle airport in Roissy, after the U.S. banned travel from Europe, as France grapples with an outbreak of coronavirus disease , March 12, 2020. REUTERS/Benoit Tessier/File Photo
To beef up its cash position during the crisis, Delta has entered into a $2.6 billion secured credit facility and was drawing down $3 billion under its existing credit facilities. The global travel industry has been upended as tourists stay indoors to stop spread of the highly contagious virus, with some estimates pegging revenue losses for the business travel sector at about $820 billion.
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