Delta Reports $9B Drop In Q3 Revenue

Delta Air Lines, Inc. (NYSE:DAL) reported quarterly losses of $(3.30) per share which missed the analyst consensus estimate of $(3.00) by 10 percent. This is a 242% decrease over earnings of $2.32 per share from the same period last year.

The company reported quarterly sales of $3.1 billion. This is a 76% decrease over sales of $12.6 billion in the same period last year due to the coronavirus killing off significant travel demand.

Shares of Delta fell 2.9% in pre-market trading after the company reported Q3 results.