We have added 100 additional domestic flights in June and plan to continue to rebuild our schedule in the September 2020 quarter as demand returns. We expect the recovery in international demand to lag domestic demand. We believe this improvement in average daily cash outflow would result from modest continued demand recovery, particularly with domestic leisure travel beginning to return as states lift shelter-in-place orders, and additional cost-cutting initiatives. We are seeking to reduce our average daily cash outflow to zero by December 31, 2020. We expect this reduction to be primarily driven by a greater than 50% reduction in our operating expenses for the June 2020 quarter, as compared to the June 2019 quarter, as well as recent improvement in net sales and stabilization in refund requests. On a consolidated basis, we expect to reduce our average daily cash outflow to approximately $40 million by June 30, 2020, down from approximately $100 million per day as of March 31, 2020. We included the following disclosure in the Preliminary Prospectus Supplement:Īs a result of the COVID-19 pandemic, we expect our revenue for the second quarter ended Jto be reduced by 90% compared to our revenue for the second quarter ended June 30, 2019, with systemwide capacity down 85%, compared to the June 2019 quarter. 333-238725) pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “Securities Act”), relating to an underwritten public offering of our senior unsecured notes.
Delta crypto app down registration#
(“Delta,” “we” or “our) filed with the Securities and Exchange Commission a preliminary prospectus supplement (the “Preliminary Prospectus Supplement”) to our effective shelf registration statement on Form S-3 (File No. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Securities registered pursuant to Section 12(b) of the Act:Ĭommon Stock, par value $0.0001 per share Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
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