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Delta posts $12 billion loss in 2020, cautious 1Q outlook

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Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a few more rocky months before — they hope — widespread coronavirus vaccinations and testing might salvage something of the upcoming summer travel season.Delta on Thursday reported a $755 million quarterly loss and a $12.4 billion loss for the entire year.

The results likely would have been worse but for a December increase in air travel that likely contributed to another surge in virus infections.Much like the final nine months of last year, the outlook for Delta and other airlines in 2021 is intertwined with how quickly the United States and other nations can vaccinate enough of their citizens against the coronavirus.

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