Apple set to launch race equity initiative

the pandemic.

• Delta Air Lines, with its planes flying at a capacity that’s been reduced by 85 percent, is bracing for a 90 percent plunge in revenue this quarter. That would mean the carrier, which posted revenue of more than $12.5 billion last year during the same period, expects revenue of only about $1.25 billion in the three-month period that ends in June.

Delta has slashed costs to offset the decline in travel. The company said in a regulatory filing that it expects cash outflow of about $40 million per day by the end of this month, down from approximately $100 million at the end of March.

• British Airways

people wanting to spend time near a beach.

Apple said it is launching a $100 million Racial Equity and Justice Initiative, adding to the company’s response to the police killing of George Floyd last month. Youtube made a similar announcement.

Apple CEO Tim Cook said Thursday the program will start in the U.S. and expand globally over time. It will focus on education, criminal justice reform and economic equality.

Apple is also launching an entrepreneur training camp for black developers as part of its upcoming Worldwide Developers Conference, Cook said. The company will increase total spending with black-owned partners in its supply chain and is taking “significant new steps” on inclusion, he added. On Thursday, Youtube CEO Susan Wojcicki announced a $100 million fund “dedicated to amplifying and developing the voices of Black creators and artists.” That includes a livestream event, scheduled for Saturday, that will collect donations for the nonprofit Equal Justice Initiative.

To date, Youtube, part of Alphabet Inc.’s Google, has had limited success funding programs on its site. The video giant has also been criticized for hosting racist videos.