Thursday, March 24, 2011

Delta to cut flights from Cincy to London, Frankfurt - Dayton Business Journal:

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The Atlanta-based airline, which is the largest carrie flying outof , will reducd its overall system by 10 percent compares with 2008, due to declining passenger revenue and higher fuel International capacity will be cut by anothetr 5 percent, Delta said, citinbg reduced demand for overseas travel. This follows previous reductionain March, making for a total international capacity cut of 15 In a memo to employees, CEO Richared Anderson and President Ed Bastianj said passenger revenue is down almost 20 percent in the firstr four months of the year, compared with the same period in 2008. “Tha t trend is expected to continue in thenear term.
On top of cost pressures from rising jet fuelpricez – up more than 20 percent sinced the start of the year coupled with softer travek demand due to the spread of the H1N1 have created a difficult business environment,” the executives The declining revenue will offser more than $6 billion in cost savings Delta expectef this year from lower year-over-year fuel merger benefits and capacity “The additional capacity reductions mean we again must reassess staffingg needs,” the executives “While the challenges of the current environmeny preclude us from making guarantees, our goal remainsz to avoid any involuntary furloughs of frontlinde employees.
” Besides the Cincinnati cuts, Deltsa (NYSE: DAL) will suspenfd nonstop service from Atlanta to Shanghai and from New York-JFmK to Edinburgh, Scotland. It also will reduces the number of flights from Atlantaa and Detroit toMexico City. At the same Delta is adding flights between other some of which havebeen announced, including Detroit to Shanghai, New York to Prague and Salt Lake City to

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