REUTERS: Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though executives warned that rebuilding demand to pre-pandemic levels would be tough.
Jacobson said he expected that any necessary headcount changes at Delta could be done through voluntary programs. Air Canada CFO Mike Rousseau said he could not predict when his airline's cash burn would go to zero, noting it will depend on revenue performance in the coming months.Separately, Southwest Airlines Co said its June capacity would be roughly half its schedule a year ago. That represents an in improvement from a 60per cent to 70per cent reduction in May. It projected its daily cash burn rate will slow to the low-US$20 million range in June.
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