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Delta slows down expansion plans

Air
TTG Staff
15 October 2015

Delta Air Lines is putting the breaks on its capacity expansion in 2016 as it looks to balance out the supply and demand for its aircraft.

Delta has found a way to raise more funds during the pandemic

The carrier announced a pre-tax profit for the third quarter of $2.1 billion, up from $579 million in the prior year. Total revenue fell by 1% to $11.1 billion.

Richard Anderson, Delta’s chief executive said the improved performance came despite continued uncertainty over fuel prices and that the airline was well placed to continue on an upward trend in December.

Passenger unit revenues fell by 4.9% and Delta said it would keep capacity flat in order to try and turn things around in the December quarter, where unit revenues are forecast to decline by 2.5-4.5%.