U.S. Markets open in 3 hrs
  • S&P Futures

    3,427.50
    -5.00 (-0.15%)
     
  • Dow Futures

    28,094.00
    -40.00 (-0.14%)
     
  • Nasdaq Futures

    11,675.50
    -15.75 (-0.13%)
     
  • Russell 2000 Futures

    1,606.10
    +3.00 (+0.19%)
     
  • Crude Oil

    40.31
    +0.28 (+0.70%)
     
  • Gold

    1,919.20
    -10.30 (-0.53%)
     
  • Silver

    24.93
    -0.31 (-1.23%)
     
  • EUR/USD

    1.1840
    -0.0027 (-0.2250%)
     
  • 10-Yr Bond

    0.8160
    0.0000 (0.00%)
     
  • Vix

    29.49
    +0.14 (+0.48%)
     
  • GBP/USD

    1.3112
    -0.0032 (-0.2413%)
     
  • USD/JPY

    104.6630
    +0.1030 (+0.0985%)
     
  • BTC-USD

    12,957.90
    +1,900.89 (+17.19%)
     
  • CMC Crypto 200

    259.97
    +15.08 (+6.16%)
     
  • FTSE 100

    5,749.53
    -26.97 (-0.47%)
     
  • Nikkei 225

    23,474.27
    -92.73 (-0.39%)
     

Delta expects jet retirement charges of up to $2.5 billion in third-quarter

·1 min read
FILE PHOTO: Delta planes are seen at the platform after the Federal Aviation Administration (FAA) temporarily halted flights arriving at New York City airports due to coronavirus disease (COVID-19) in New York
FILE PHOTO: Delta planes are seen at the platform after the Federal Aviation Administration (FAA) temporarily halted flights arriving at New York City airports due to coronavirus disease (COVID-19) in New York

(Reuters) - Delta Air Lines <DAL.N> said on Friday it expects to record an up to $2.5 billion charge in the current quarter related to retirements of aircraft.

The Atlanata-based airline reiterated that it expects charges of up to $3.3 billion during the third quarter, linked to its voluntary retirement and separation programs.

Both the charges are before tax, the company said.

The airline said it is retiring its Boeing 717-200 aircraft and the remainder of its 767-300ER aircraft from the fleet by December 2025. It is also retiring its CRJ-200 aircraft by December 2023, earlier than previously planned.

(Reporting by Rachit Vats in Bengaluru; Editing by Amy Caren Daniel)