Oil price forces Delta to fly less in 2012

Second-biggest US carrier to cut capacity in some markets

Delta Air Lines, the second biggest airline in the USA, has announced plans to cut capacity by between 2% and 3% next year, with reductions to be made in markets where the carrier is unable to battle high oil prices. This follows capacity reductions of up to 5% already being implemented in 2011. On the trans-Atlantic routes it will cut capacity by between 7% and 9% by the end of 2011 together with partners Air France-KLM and Alitalia.
Besides fuel price inflation, Delta is trying to lower non-fuel expenses by offering voluntary buyouts to 55,000 employees. It is also trying to save more than $80 million a year by cutting facility costs at 170 airports.  Around 140 older and less fuel-efficient planes will be retired by the end of 2012. Delta is not bringing in new aircraft until 2013.
Zacks Investment Research
[photo courtesy SkyTeam]


Check Also

Joon, air france, millennial, Oslo, flight, first, Nordic, destinations, Paris

Millennials visit Oslo on first Joon flight

Air France’s millennial-focused Joon adds its new-generation travel experience to Oslo Airport.

Air France, strike, unions, vote, Easter, March, 2018, cancel, flights, travel

Air France passengers face two strikes

Turbulence ahead as unions vote to stage strikes on both of the upcoming Fridays.

SNCF, rail, train, Brittany, Rennes, taxi, plane, air, Caribbean, Air France, France, VIP, station, Orly, airport, Paris, Massy, Fort-de-France, Martinique, Point-à-Pitre, Guadeloupe, Cayenne, French Guiana, Saint-Denis, Reunion

Brittany to the Caribbean in a single booking

Starting today, Air France is teaming up with a combined ‘rail + air’ offer from TGV AIR.

Qantas, branding, marketing, Lufthansa, KLM, United Airlines, livery, design, dreaming, dots, events, special, one-off

Airlines use custom liveries for special events

Qantas, United, KLM and Lufthansa have all revealed eye-catching new livery designs recently.

KLM, Wideroe, codeshare, SAS, Norway

KLM ups pressure on SAS in Norway

A new agreement with Widerøe means more KLM flights will be offered to Amsterdam from regional airports in Norway.

Air France, cancel, delay, strike, February, pay, grounded, flights, Paris, Toulouse, Lyon

Air France strike hits Paris flights

Travellers are advised to postpone their flights until February 27 as chaos strikes airports.