Korey Matthews | Times Square Investment Journal

Delta is losing less money per day, but it’s still far from turning a profit

by Korey Matthews | Nov 23, 2020

Delta Air Lines is not losing as much money a day as it was earlier in the pandemic and has its sights set on having positive cash flow in the spring, but the company still posted a large loss in the third quarter. It reported that it had brought its cash burn down to...

Delta’s decision to continue blocking middle seats is the right one for now

by Korey Matthews | Nov 6, 2020

Delta Air Lines announced in August that it will continue to block middle seats until at least January 6, 2021. The company will be the last of the four major U.S. airlines to open up middle seats, but Delta is right to be cautious as it tries to keep passengers safe...

Delta to avoid many furloughs as stimulus talks continue

by Korey Matthews | Oct 10, 2020

Delta Air Lines says that it will be avoiding furloughs for many employees, a move that comes as Washington continues to work on a stimulus package. Delta CEO Ed Bastian gave the news to employees in a memo sent on September 15, saying “Delta will be able to avoid...

With no relief appearing to be on the way, airline stocks might not get better

by Korey Matthews | Sep 30, 2020

Airline stocks have been battered by the coronavirus, and things might get even worse. The Arca Airline Index (XAL), which tracks major U.S. and overseas airlines, is down nearly 34 percent since March 2, while the broader S&P 500 is up over 13 percent. The...