Jul 14, 2021 - Economy & Business

Delta posts 1st profit since start of pandemic thanks to federal aid

Data: FactSet and corporate filings; Chart: Danielle Alberti/Axios

Delta's second-quarter profit of $652 million comes with an asterisk.

The intrigue: Strip out $1.5 billion from government assistance and other one-time boosts, and the airline actually lost $678 million.

What to watch: Domestic leisure travel is "fully recovered to 2019 levels," CEO Ed Bastian said Wednesday.

  • The airline says it's not having trouble finding workers — it's planning to hire between 4,000 and 5,000 people. It didn't disclose wage strategies.
  • "We're still losing money. We need to get the company stabilized first before we start talking about wage increases," said co-CFO Gary Lee Chase.
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