With Taxpayers’ Help, Delta Posts $652 Million Profit In 2Q

Delta Air Lines is reporting a $652 million profit in the second quarter, helped by hordes of vacation travelers in the U.S. and money from taxpayers, positioning the airline for stronger results once business and international flying recover from the pandemic.

However, Wednesday’s financial report from Delta — the first U.S. carrier to post quarterly numbers — shows that airlines still face turbulence as they try to rebound from their worst year ever.

Without $1.5 billion in federal pandemic relief and other one-time events, the Atlanta airline would have posted an adjusted loss of $678 million.