- DuPont to Cut 2,500 jobs, Warns of Loss
- AT&T to Cut 12,000 Jobs, Slash Capital Spending
- Citigroup Top Execs May Forego Bonuses: FT
- ECB Cuts Rates by Record 75 Basis Points
- Merck Projects '09 Profit, Revenue Below Forecasts
- Bank of England Slashes Rate to 57-Year Low of 2%
- Nokia Sees 2009 Handset Market Down 5% or More
- France Unveils $32.9 Billion Stimulus Package
- Charts Predict: S&P to Rally 15%; Better Odds than Vegas
- 3-D In A Recession: Director James Cameron Weighs In
- Lightning Round: Microsoft, Motorola, NYSE and More
- Lightning Round OT: Hertz, Textron and More
- Mad Mail: Cramer's Plan for the SEC
- The Plaxico Burress Good Judgment Award
- Cramer's Call on Celgene
- Your First Move For Thursday December 4th
- Web Extra: Fast & Furious Trades For Thursday
- Cramer's M&A Plays
Delta Air to Reduce Capacity By 6 to 8 Percent
Topics:Stock Picks | Stock Market | Corporate News
Sectors:Aerospace & Defense
Companies:Delta Air Lines Inc. | Companies
Text Size 
Delta Air Lines says it will reduce consolidated system capacity by 6 percent to 8 percent in 2009, compared to the current year.
The Atlanta-based carrier's president, Ed Bastian, is speaking to investors Tuesday during a conference in New York.
In a regulatory filing ahead of the speech, Delta [DAL
Loading...
()
], the world's biggest carrier, says domestic capacity in 2009 will be reduced 8 percent to 10 percent compared to 2008, while international capacity will be reduced 3 percent to 5 percent next year compared to this year.
The news comes as a global financial crisis hits airlines hard by reducing demand for seats.
© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Print
Email
Del.icio.us
Digg ItMORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes