DELTA posted losses of $755m in 4Q20 (vs $1.1b profit in 4Q19) on 65% lower revenues and $12.4b in 2020 (vs $4.8b profit in 2019) on 64% lower revenues; it ended year with $16.7b in liquidity. It is projecting 1Q21 capacity to be 35% lower than 1Q19.

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