The sales come as the airline industry continues to endure heavy losses amid the coronavirus outbreak. Airlines have been forced to suspend routes, cancel flights, and ground planes as travel restrictions, border closures, and stay-at-home advisories lead to a near halt in air travel.
On Friday, Delta CEO Ed Bastian said in a memo to employees the airline was burning through more than $60 million every day as the crisis continues and that it had canceled about 115,000 flights for April, or 80% of its total schedule. Sunday saw just 38,000 passengers fly, compared with 600,000 on the last Sunday of March in 2019, he wrote.
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Both airlines have said they plan to file for payroll grants under the federal coronavirus aid package, which will help pay workers. Under the terms of the grants, airlines will be prohibited from buying back stocks or paying dividends to shareholders.
Airlines receiving aid through the payroll grants, or in the form of loans, are also required to continue flying despite the low demand, as part of an effort to maintain supply chains and connectivity for essential travel.
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