Clodagh Kilcoyne/Reuters Delta Air Lines CEO Ed Bastian.
- $4 CEO Ed Bastian told $4 on Tuesday that the airline will lose $25 million in revenue in January and any other full month in which the federal government is shut down.
- The lost revenue will result from reduced travel by government employees and contractors, Bastian told the channel.
- $4 reported on Tuesday a profit of $1.02 billion ($1.49 per share) on revenue of $10.74 billion.
Delta Air Lines CEO Ed Bastian told $4 on Tuesday that the airline will lose $25 million in revenue in January and any other full month in which the federal government is shut down. The lost revenue will result from reduced travel by government employees and contractors, Bastian said.
Delta is also facing delays in the certification process for new aircraft, he added.
Read more: $4
While some airports have experienced $4 and even $4, Bastian told CNBC that most airports Delta uses did not report any significant increases in the length of security lines.
"I think, from our perspective, it's going to be a manageable situation. Hopefully, it doesn't last too much longer," he said of the government shutdown.
Delta $4 on Tuesday a profit of $1.02 billion, or $1.49 per share, during the fourth quarter of 2018, an improvement over the fourth quarter of 2017, when it reported a profit of $0.3 billion, or $0.42 per share. The airline's fourth-quarter revenue for 2018, $10.74 billion, was also higher than the $10.23 billion it earned during the fourth quarter of 2017.
The federal government shutdown, which began on December 22, is the longest in US history.