Which of the following statements regarding Delta's fourth quarter loss in 2020, and its profit for the same period in 2019, is accurate?
A Delta's reported loss in 2020 in the fourth quarter of 2020 and its reported profit in the fourth quarter of 2019 equaled Delta's total revenue minus its explicit costs for each of the periods.
B Delta's reported loss in the fourth quarter of 2020 was equal to its total revenue minus its total explicit and implicit costs. Delta's reported profit in the fourth quarter of 2019 was equal to its total explicit revenue minus its implicit costs.
C Delta's reported loss in the fourth quarter of 2020 was equal to its total revenue minus its total implicit costs. Delta's reported profit in the fourth quarter of 2019 was also equal to its total revenue minus its total implicit costs.
D Delta's reported loss in the fourth quarter of 2020 was equal to its explicit revenue plus its implicit revenue minus its total explicit and total implicit costs. Delta's reported profit in the fourth quarter of 2019 was equal to its total revenue minus its explicit and implicit costs.
E Although Delta suffered an accounting loss in the fourth quarter of 2020, it earned an economic profit in the quarter. Delta's economic profit in the fourth quarter of 2019 was greater than its accounting profit in the quarter.