Delta to Park Half of Fleet on $2 Billion Sales Drop
- Carrier will defer new plane deliveries, retire oldest jets
- Delta says talks on industry U.S. aid have been ‘constructive’
This article is for subscribers only.
Delta Air Lines Inc. will park more than 600 planes, or about half its fleet, as it cuts flying capacity 70% amid collapsing travel demand from the coronavirus pandemic.
Revenue this month is expected to drop by almost $2 billion from a year earlier, with April projected to be even worse, Chief Executive Officer Ed Bastian told employees Wednesday. About 10,000 Delta workers have applied for voluntary leave since the carrier made it available.