Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Delta expects jet retirement charges of up to $2.5 bln in Q3

share with twitter share with LinkedIn share with facebook
09/25/2020 | 06:56pm EDT

Sept 25 (Reuters) - Delta Air Lines said on Friday it expects to record an up to $2.5 billion charge in the current quarter related to retirements of aircraft.

The Atlanata-based airline reiterated that it expects charges of up to $3.3 billion during the third quarter, linked to its voluntary retirement and separation programs.

Both the charges are before tax, the company said.

The airline said it is retiring its Boeing 717-200 aircraft and the remainder of its 767-300ER aircraft from the fleet by December 2025. It is also retiring its CRJ-200 aircraft by December 2023, earlier than previously planned.

(Reporting by Rachit Vats in Bengaluru; Editing by Amy Caren Daniel)


Stocks mentioned in the article
ChangeLast1st jan.
DELTA AIR LINES, INC. -0.39% 30.64 Delayed Quote.-47.61%
THE BOEING COMPANY -2.63% 144.39 Delayed Quote.-54.48%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
01:05aCENTRAL BANK OF SEYCHELLES : SBM Bank (Seychelles) Limited is officially closed for business
PU
01:01aDays before election, economic data reveals gradual improvement, gloomy outlook
RE
10/30Nigeria reaches out to U.S., South Korea to back WTO candidate
RE
10/30Walmart begins returning firearms, ammunition to U.S. store floors
RE
10/30PAUL JACOBS : Delta Air Lines CFO Jacobson to resign, join GM as finance head
RE
10/30China's factory activity growth slows slightly in October
RE
10/30TOSHIBA SEMICONDUCTOR : Starts Operation of Large-Scale Carbon Capture Facility ( Energy Systems & Solutions Corporation)
PU
10/30TOSHIBA : Starts Operation of Large-Scale Carbon Capture Facility
PU
10/30U.S. CDC issues framework for resumption of cruise ship operations
RE
10/30Lifted by U.S., Mexico economy rebounds 12% in third quarter from coronavirus
RE
Latest news "Economy & Forex"