Delta cuts growth plan in bid to end 15-month revenue slump
Delta Air Lines will trim planned growth for the second half of 2016 and delay delivery of 4 jets as the carrier attempts to reverse a revenue decline that has extended more than a year. The airline will hold expansion to less than 2% as it pares domestic capacity increases to 2.5% in Q4 from at least 4% during the first 9 months of the year. International capacity will be unchanged to down, Delta said in a US regulatory filing Monday, citing rising fuel prices and weak foreign economies. Delta and other US airlines have been hurt by the weak euro, which has fallen 17% against the dollar in the past 2 years, while a surge in seating capacity between the US and Europe kept fare increases in check. Revenue from trans-Atlantic flights accounts for as much as 20% of Delta’s total revenue. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-17/sky/delta-cuts-growth-plan-in-bid-to-end-15-month-revenue-slump
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Delta cuts growth plan in bid to end 15-month revenue slump
Delta Air Lines will trim planned growth for the second half of 2016 and delay delivery of 4 jets as the carrier attempts to reverse a revenue decline that has extended more than a year. The airline will hold expansion to less than 2% as it pares domestic capacity increases to 2.5% in Q4 from at least 4% during the first 9 months of the year. International capacity will be unchanged to down, Delta said in a US regulatory filing Monday, citing rising fuel prices and weak foreign economies. Delta and other US airlines have been hurt by the weak euro, which has fallen 17% against the dollar in the past 2 years, while a surge in seating capacity between the US and Europe kept fare increases in check. Revenue from trans-Atlantic flights accounts for as much as 20% of Delta’s total revenue. <br/>
