Delta Air Lines will cut passenger-carrying capacity by 40% to deal with a nosedive in travel demand, and it is talking to the White House and Congress about assistance to get through a downturn caused by the new coronavirus. The 40% cut in capacity is the largest in Delta's history, surpassing
Delta Air Lines will cut passenger-carrying capacity by 40% to deal with a nosedive in travel demand, and it is talking to the White House and Congress about assistance to get through a downturn caused by the new coronavirus.
“The speed of the demand fall-off is unlike anything we’ve seen – and we’ve seen a lot in our business,” CEO Ed Bastian said in a memo to Delta's 90,000 employees. “We will be coming very quickly back on issues dealing with the airline industry,” Mnuchin told CNBC on Friday. “Just as after Sept. 11, we are very committed to make sure that our U.S. airlines have the ability and have the liquidity to get through this.”
However, the combination of fewer bookings and more cancellations has picked up speed since then, and the airlines' problems were made even more dire by Trump's decision this week to ban most foreigners from flying from Europe to the U.S. for 30 days, beginning at midnight Friday.
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