April 23, 2020
Here is the article.
Delta's CEO said this month that the airline is burning $60 million in cash each day, and demand has plummeted 95%.
Delta expects to receive $5.4 billion, including a 10-year loan of $1.6 billion, and will give the government warrants to buy about 1% of Delta stock at $24.39 per share in the next five years. Those warrants could be lucrative if Delta's stock rallies to the $60 it traded at in January.
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