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Delta CFO warns that COVID-19 vaccinations could take up to a year - Metro US

Delta CFO warns that COVID-19 vaccinations could take up to a year

FILE PHOTO: Delta Air Lines passenger planes parked in Birmingham

CHICAGO (Reuters) – Delta Air Lines <DAL.N> has seen a moderate improvement in demand but continues to burn through around $27 million of cash each day, its chief financial officer said, and warned that any COVID-19 vaccination process could take between six and 12 months.

“Vaccines don’t end pandemics, vaccinations do,” CFO Paul Jacobson said at the Cowen 2020 Global Transportation & Sustainable Mobility Conference on Wednesday, adding that the airline’s post-crisis focus would be on reducing debt.

(Reporting by Tracy Rucinski in Chicago and Rachit Vats in Bengaluru, editing by Louise Heavens)

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