Delta predicts 90% revenue decline; Buffett sells nearly 13 million shares

bizjournals Monday, 6 April 2020
Delta CEO Ed Bastian says his company has not yet hit bottom as it is ravaged by fallout from the novel coronavirus pandemic. What's more, billionaire Warren Buffett has parted with nearly 13 million shares of Delta stock. In a memo to Delta Air Lines Inc. employees Friday, which was released as a filing with the Securities and Exchange Commission, Bastian said he expects second quarter year-over-year revenue to fall by 90 percent. Passenger volume has sharply declined. On Saturday, March 28, roughly…

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