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

CHICAGO (Reuters) – Delta Air Lines 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)