A $1.2 billion loss for Delta, but recovery is on the radar

Delta Air Lines says it lost $1.2 billion in the first quarter, but the airline thinks it can be profitable by late summer unless there’s a resurgence of COVID-19. Delta reported the results on Thursday. CEO Ed Bastian says ticket sales have been stronger in the last two weeks than at any time since the pandemic hit the U.S. last year. Right now it’s mostly vacationers booking trips to mountains, beaches and resorts. Delta and other airlines are adding flights for summer in the expectation that passengers will show up. Delta will also stop blocking off middle seats on May 1.