Delta Air Lines cuts capacity by 40%
14 Mar 2020 16:01:52
Industries across the spectrum are struggling to meet the challenges that the current coronavirus outbreak presents. Few, though, are as immediately impacted as the airlines (and all the third-party companies that provide services to them), which have seen an immediate and drastic reduction in demand.
As Delta CEO Ed Bastian noted in a letter to the company’s staff today, the company is now seeing more cancellations than new bookings over the next month. And as a result of this, Delta now expects a capacity reduction of 40% in the next few months, “the largest capacity reduction in Delta’s history, including 2001.” Only a few days ago, Delta was looking at a 15% capacity cut.
Read full story: techcrunch.com