Delta revenue shrinks

May 18, 2016 by  
Filed under Australia, News, North America

NEW YORK, 18 May 2016: US carrier Delta Air Lines said Monday it will cut planned flights growth and delay deliveries of four Airbus A350 aircraft to contend with rising fuel prices and shrinking revenue.

The second-largest US airline said in a regulatory filing that it would reduce envisioned capacity growth for the fourth quarter this year from 2.7% to below 2%.

The domestic growth target alone will be cut from more than 4% in the first three quarters of the year to 2.5% for the final quarter. Read more