SEC filing: Delta may cut capacity
Memphis Business Journal
Delta Air Lines Inc. told investors in a Securities and Exchange Commission filing on Friday its system capacity will be down 4 percent for the fourth quarter.
The Atlanta-based airline (NYSE: DAL) also said its domestic capacity will be down 12 percent, while international will show 9 percent growth.
“Demand has slowed over the course of the quarter,” Delta noted. “Domestic advance bookings are running two points higher year over year, reflecting capacity reductions in the domestic system. International bookings are down 4-5 points. As a result, we are evaluating our capacity plans for 2009 on both the domestic and international system and expect to reduce future capacity to better align supply with current levels of demand."
Delta will have more information at its Dec. 9 investor day.
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