Coronavirus economic updates: Rail volumes at a 10-year low

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Coronavirus economic updates: Rail volumes at a 10-year low
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The coronavirus pandemic has quickly evolved from a health care crisis to a financial one, shuttering businesses, upending industries and sending financial markets reeling. Delta Airlines reported its first quarterly loss in eight years with passenger volumes for the airline dropping as much as 95%.

The coronavirus pandemic has quickly evolved from a health care crisis to a financial one, shuttering businesses, upending industries and sending financial markets reeling.

Delta CEO Ed Bastian told employees on Wednesday in an internal memo obtained by ABC News that moving forward Delta will be"a smaller airline" for some time and they should be prepared for a"choppy, sluggish recovery even after the virus is contained."Between April and June, Delta is reducing its flight schedule by about 85%.

"The initiative will support Florida produce farmers, southeastern dairy farmers and the growing number of families looking to Feeding America for fresh fruits, vegetables and milk during the coronavirus pandemic," the company said in a statement.

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