Delta chief executive Ed Bastian said surging coronavirus cases in the US Sun Belt necessitates"renewed caution" about returning planes to service that were grounded to save money and he urged workers to consider the airline's voluntary exit program to"minimize involuntary furloughs.", and the situation is"clearly not sustainable over the long term.
But it is unclear when demand for travel will rebound amid a spike in COVID-19 in states like Florida, Texas, and California, where governors have reimposed some lockdown measures or suspended their reopening protocols. He said the loans to airlines were meant as a backstop to ensure adequate liquidity, but he expects many of the carriers to receive funding from private sources of capital.
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