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Delta CEO sees some recovery from travel slump later in 2021

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Posted at 4:18 PM, Jan 01, 2021
and last updated 2021-01-01 16:18:47-05

DETROIT (AP) — The leader of Delta Air Lines is telling workers that he expects some recovery from the coronavirus travel downturn by the spring.

CEO Ed Bastian writes in a New Year’s Day memo to employees that he expects 2021 to start with travel deeply depressed like last year.

But as vaccines become more widely available, he expects a turning point, especially in business travel.

He says Delta should generate positive cash flow by the spring.

Bastian wrote that there is uncertainty over what travel demand will look like once people are vaccinated.

He says Delta must be nimble and ready for change.