Major U.S. Airlines Announce Flight Cancellations, Cost-Cutting Measures Due To Coronavirus Written 11 March 2020
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American Airlines aircraft at Phoenix Sky Harbor International Airport. | Quintin Soloviev/Wikipedia; CC BY-SA 4.0
The Wall Street Journal reports that Delta and American have both announced capacity cuts amid the coronavirus outbreak. Delta plans to cut international capacity by up to 25% and domestic capacity by up to 15%. The airline will also defer $500 million in capital expenditures. American indicated that it will reduce domestic and international flights by 7.5% and 10%, respectively. Additionally, both United CEO Oscar Munoz and Southwest CEO Gary Kelly announced plans to adjust their salaries until the beginning of the summer.
Full Story (Wall Street Journal)