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COVID-19: Delta, SABRE Issue Major Cost Saving Directives

Following its bailout requests to survive the current crisis, Delta Air Lines (DL) secures a $2.6bn credit facility while Sabre announces over US$200m in cost-saving actions. As the impact of the COVID-19, now bigger than previously forecasted, companies in the industry are facing passenger demand losses and worldwide travel bans, with numerous operation cuts and salary reductions to stay afloat. ( More...

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