Delta stopped burning through cash in March
CNN
Since the pandemic hit the US airline industry last March, major carriers have been burning through millions of dollars a day. For Delta Air Lines, at least, that ended last month.
The company reported it lost $2.3 billion in the first three months of the year, excluding special items. And although the airline still reported an average daily cash burn rate of $11 million a day throughout the quarter, it said that was due to the funds it spent through the first two months of the period. In March, Delta reported it was generating positive cash of about $4 million a day. Cash generation and cash burn are not the same as profits and losses. There are many other expenses, including depreciation on aging equipment, such as planes, that aren't factored into the cash burn rate.Senate Democrats have confirmed some of President Joe Biden’s picks for the federal bench this week in the face of President-elect Donald Trump’s calls for a total GOP blockade of judicial nominations – in part because several Republicans involved with the Trump transition process have been missing votes.
Donald Trump is considering a right-wing media personality and people who have served on his US Secret Service detail to run the agency that has been plagued by its failure to preempt two alleged assassination attempts on Trump this summer, sources familiar with the president-elect’s thinking tell CNN.