About: http://data.cimple.eu/news-article/ad14e8c9587484fc26724e8bc4010f146764851efe16578f50eb885a

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/ad14e8c9587484fc26724e8bc4010f146764851efe16578f50eb885a Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Delta Air Lines announced Thursday it will retire the long-range Boeing 777 aircraft, resulting in a large write-off and deepening a likely second-quarter loss due to the coronavirus crisis. The US airline said it will account for costs of between $1.4 billion and $1.7 billion to retire the 777 by the end of 2020. Airline executives expect demand for domestic service to return more quickly than for oversea flights. Delta will also accelerate a plan to retire the McDonnell Douglas MD-90 and remove the jets in June. The actions come as major airlines around the world are fighting for survival following government-mandated lockdowns around the world to combat the coronavirus. US data this week showed there were fewer than one-tenth the number of passengers compared with the year-ago period. In a memo to staff, Delta Chief Executive Ed Bastian said the company would turn to the Airbus A330 and A350-900s "which are more fuel-efficient and cost-effective" as replacements for the 18 Boeing planes. Bastian said the company is currently burning about $50 million a day in cash. "With the unprecedented drop in travel demand amid the COVID-19 pandemic and global economic slowdown, we continue to take action to protect Delta's cash, Delta jobs and Delta's future," Bastian said. "Our principal financial goal for 2020 is to reduce our cash burn to zero by the end of the year, which will mean, for the next two to three years, a smaller network, fleet and operation in response to substanially reduced customer demand." Shares of Delta fell 5.0 percent to $18.44 in early trading. jmb/jm
schema:headline	Delta to retire Boeing 777 from its fleet
schema:mentions	Airbus A350 XWB Airbus A330 Boeing 777 Delta Air Lines Pandemic Severe acute respiratory syndrome coronavirus 2 McDonnell Douglas MD-90 Ed Bastian
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	64 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software